The Irish renewable energy supplier, which is already active in the residential and commercial solar business, has agreed to acquire a 40% stake in rooftop PV installer, Activ8 Solar Energies.
In a new report, the Spanish Ministry of Industry, Tourism and Digital Agenda has predicted that solar will become the country’s largest electricity source by the end of the next decade. Cumulative installed PV power could even reach 77 GW by the end of 2030, according to the most bullish scenario drafted by the Spanish government.
After an encouraging start to the year, solar PV demand in Germany remained at January’s level. Almost half of the new additions came from ground-mounted power plants.
The solar facility will sell power to the local grid at around US$0.04/kWh. The project is part of Armenia’s six-year $58 million solar program.
The facility, which will power the company’s headquarters, will raise its power production for self-consumption by 50%. The installation will also deliver part of its power surplus to other companies of the group and to the spot market.
The solar facility, planned to be built in the northwestern province of Salta, was awarded a 20-year PPA in the second round (Ronda 1.5) of the Argentinean program for large-scale renewable energy projects, RenovAr.
The scheme, set to be implemented over the next three years, includes net metering, FITs for small-scale solar, and a series of tenders.
The German solar PV equipment manufacturer has confirmed its preliminary figures for the past year. The record sales registered in 2017 could be increased even further this year.
The German inverter maker sold 8.5 GW of solar PV inverters last year. Revenue, however, dropped by €50 million, while net profit remained flat at €30 million.
Although there is still confusion between different numbers provided by the Swedish energy agency, Energimyndigheten, new statistics suggest that Sweden was the largest PV market in Scandinavia in 2017.
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