The net metering scheme, which was set to expire in 2020, has enabled so far the installation of a residential PV capacity of approximately 1.5 GW.
Through the auction, which will receive the support of the European Bank for Development and Reconstruction (ERBD), the government hopes to install between 30 MW and 50 MW of solar.
The funds will be used for the country’s renewable energy program and will be provided by the Brazilian Development Bank (BNDES) and the Inter-American Development Bank (IDB).
According to the Spanish grid operator REE, grid-connected installed PV capacity had reached 4,674 MW at the end of last year. Furthermore, the country has another 55 MW of installed PV power coming in the form of standalone PV systems.
The European Commission said the support scheme is in line with its 2014 Guidelines on State Aid for Environmental Protection and Energy.
The International Energy Agency’s World Energy Investment report sees global spending on energy fall by 12% overall in 2016, marking the second-consecutive year that investment has dropped as less money is poured into costly gas and oil infrastructure. Clean energy spending, meanwhile, is on the up.
The eastern European country saw the addition of only a few hundreds kilowatts of PV over the past few years, and for 2017 just around 200 kW of new PV systems are expected to come online.
Solar had likely the largest share of the 472 projects awarded in the auction, which was open to PV, wind and hydropower projects up to 1 MW.
The Chilean authorities will begin accepting project proposals for the 2017 power auction starting from October 11.
The 1 MW plant on the site of half-built nuclear power plant in Tennessee is a harbinger of things to come in the U.S. and global electricity mixes, as demonstrated in March and April.
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