A further 200 million SEK will be allocated for 2017, while another 525 million SEK will be provided in 2018. The funds will be used to support residential and commercial rooftop solar.
The Chinese solar manufacturer has been trying to find an agreement with its bond holders for more than two years.
The computer-based algorithm seeks to make the micro-grid work like a large power grid with inertia, thus improving its stability and reliability.
The researchers used micro- and nanometer length structures to develop anti-reflective coatings to reduce reflectivity in optical devices such as solar cells, glasses and cameras.
The study by the Swedish energy agency Energimyndigheten reveals that several companies in the Scandinavian country find PV a profitable solution, even without any sort of incentive.
PV can reach a share of 30% to 50% in the global power production by 2050, according to a study conducted by Mercator Research Institute on Global Commons and Climate Change.
The project is expected to be built by local company 4B Solar in three phases by the end of 2022.
The Italian solar market has registered 16% year-on-year growth in the first six months of 2017. New additions for June reached 29.7 MW.
Demand for small-sized PV systems remained strong in Germany in July, while growth of large-scale plants was lower than in the previous months.
The projects are being developed in partnership with German EPC contractor InTEC Energy Solutions in the Turkish provinces of Denizli and Erzurum.
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