Neoen secures 25-year PPA for 54 MW solar project in Zambia
The French developer has secured a 25-year PPA for Zambia’s largest PV plant. The project, which was selected in an auction held by the World Bank in 2014, will sell power to local utility ZESCO at US$0.0602 per KWh.
Sungevity files for bankruptcy amid rumors of IKEA buyout
Four days after laying off an estimated 400 employees, Sungevity has filed for Chapter 11 bankruptcy. Meanwhile former employees say that a potential acquisition of the company’s European business by IKEA is afoot.
Panama reports 46 MW of new large-scale solar capacity for 2016
With seven large-scale PV projects connected to the grid last year, Panama has reached a cumulative PV capacity of 89 MW.
Italian PV demand maintains steady pace in January, new opportunities for business
The Italian PV market maintains its path of stable growth in January with approximately 25.7 MW in new systems. Meanwhile, the local government agency GSE has published new rules for the revamping and repowering of existing installations. The Italian renewable energy sector believes that the new rules will create new business opportunities for both solar manufacturers and developers.
Poland added 94 MW of PV capacity in 2016
The Polish solar market has seen its largest growth in 2016 with approximately 94 MW in new installations. The country’s cumulative installed PV power had reached 192 MW at the end of December. A more stable regulatory framework is giving investors more confidence.
Power Electronics provides 275 MW of inverters for two Mexican projects
The devices will be used by Spanish developer Iberdrola Renovables to build two large-scale PV projects in Sonora and San Luis de Potosí.
Enertronica secures engineering contract for 50 MW of solar in the U.S.
The Italian solar company has secured an engineering contract to build two PV plants totaling 50 MW in the United States. Furthermore, Enertronica has set up a new subsidiary in Delaware.
Over 50,000 solar storage systems are now installed in Germany
The increase in new installations was mainly due to a 40% drop in prices over the past three years. German solar association Bundesverbands Solarwirtschaft expects their number will double to 100,000 in 2018.
Algeria to launch 4 GW solar tender by the end of March
The Algerian government is set to launch a tender for the construction of large-scale PV projects totaling 4 GW. The tender will be held in three 1,350 MW phases and will select projects with an average capacity of 100 MW.
Over 50,000 distributed generation PV projects expected to come online in Mexico this year
Mexican company Conermex forecasts that investment for distributed generation projects (DGPV) in Mexico could reach $750 million between 2017 and 2018.
