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.
IHS Markit: Storage and better grid efficiency could save hundreds of billions each year
A new white paper published by analysts at IHS Markit compares the electricity network with other key systems such as transport and data infrastructure. The report concludes that increasing the amount of electricity storage available could create a more flexible, efficient and reliable grid, and save billions of dollars each year.
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.
France supports South Africa grid improvement with $477 million
The French Development Agency (AFD) has provided South Africa’s power utility Eskom with a ZAR 6 billion ($477.7 million) credit facility. Eskom, which has delayed the development of several large-scale PV projects over the past years due to grid issues, will use the funds to improve its network and integrate more renewable energy power.
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.
DEWA completes 200 MW phase II of 1 GW Rashid Al Maktoum Solar Park
Construction on phase II of the Mohammed bin Rashid Al Maktoum Solar Park is now finalized. The 200 MW unit of the 1 GW solar park came online a month ahead of schedule. DEWA revealed the plant was built at a cost of 1.2 billion AED ($326.7 million).
