Iran’s PV market expected to see strong growth over next 12 months
Between 750 MW and 800 MW of renewable energy generation capacity will be installed in Iran in the country’s current calender year. Most of this capacity will come from solar and wind. Meanwhile, the country has reached approximately 22 MW of cumulative installed solar capacity, as of the end of February 2017.
Tindo Solar, Australia’s only panel manufacturer, sold to SA company with big plans
Australia’s only solar panel manufacturer, Adelaide-based company Tindo Solar, has been bought by a local insulation company turned solar installer, Cool or Cosy, as part of a plans to create the largest solar retailer in Australia.
Enetronica reports revenue and profit drop for 2016
The Italian solar developer saw its turnover and profits decline slightly last year. The company acquired Italian solar inverter manufacturer Elettronica Santerno in late 2016.
UAE-based Ocean Holding plans to invest $100 million in solar in Armenia
Armenia’s Ministry of Energy has signed a MoU with UAE-based Ocean Holding for the construction of PV plants with a combined capacity of over 100 MW.
Solar monitoring company wins $2.1m ARENA grant
Sydney-based solar data start-up Solar Analytics has been awarded $2.1 million in grant funding from the federal government’s Australian Renewable Energy Agency, to fast-track its rooftop PV monitoring technology.
Ukraine’s PV capacity tops 530.8 MW
Ukraine installed almost 100 MW of new PV systems in 2016. The country’s cumulative installed PV power reached 530.8 at the end of last year. Local agency SAEE predicts 150 MW of new PV installations for 2017, while the association UARE expects between 300 MW and 400 MW.
PV in Slovakia is kept alive by residential segment
Slovakia has seen small amounts of PV installed over the past three years. In 2016, however, the market showed the first signs of a recovery led by the residential segment. The country reached 545 MW of installed PV power at the end of 2016.
Dominion to build two PV plants totaling 81 MW in South Carolina
The 71 MW project in Jasper County will be joined by a 10 MW project, both of which the power company plans to complete by the end of the year.
German government releases draft regulation for tenants’ solar power supply
The German federal government has unveiled its proposal to support solar power installation for tenants living in rented housing (Mietestrom). The support will be capped at 500 MW total installed capacity per year, and limited to PV systems up to 100 kW.
Sweden’s plan to reduce tax for self-consumption by 98% moves forward
The Swedish government is proposing a 98% reduction to the tax on electricity generated by renewable energy power generators over 255 kW. The new rules were submitted to local Parliament and, if approved, would come into force by January 2018 at the latest.
