The price of electricity for the upcoming quarter will be reduced by 3.09% thanks to more production from hydro and the connection to the grid of 60 MW of solar.
Around 69.8% of total distributed generation installed solar power comes from mini-generation PV systems that have a capacity of up to 75 kW.
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.
The British manufacturer will now source ingots from a third-party supplier and process these into blocks in the U.K.
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.
Around 2 MW of PV systems up to 5 kW are expected to be installed in the archipelago through the new scheme.
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).
The solar park will consist of three 30 MW facilities located in Matamoros in the Mexican state of Coahuila.
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.
Net proceeds from the bond issue will be used to finance the company’s international expansion and the relaunch of Elettronica Santerno, the unit specializing in inverter production.
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