Hungary grants 1-year grace period for PV projects under FIT scheme
The Hungarian government has updated the Decree 389/2007, which regulates the support for renewable energies, to allow around 2 GW of projects approved under the FIT program to see completion by the end of 2018, although the incentive scheme was closed in mid-2016.
Updated: DEWA seeks EPC contactors for 60 MW of PV in Dubai
The company’s unit Etihad ESCO will carry out the tendering process for the projects, which will be developed on facility close to DEWA’s water reservoirs.
Vinci Energies to build another 17 MW of solar in Senegal
The French developer was selected by Senegal’s power utility Senelec to install 10 solar power plants across four different regions of the African country.
Zuma Energía reaches financial closing for two solar projects totaling 337 MW in Mexico
The two projects, which were awarded a long-term PPA in Mexico’s second power auction held in 2016, have received financial support of $294 million.
Foresight Group’s Australian PV power plant portfolio totals 250 MW
UK-based asset manager Foresight Group claims to have assembled the largest asset fleet of utility scale solar in Australia. After having acquired four solar projects in Queensland and initiated one Victorian project in less than two years, the fund noted that it had moved quickly to “capitalise on the opportunities.”
Solar remains largely unscathed as House tax bill passes
Though there are modifications to the hard-won investment tax credit step-down provisions, it appears the bill leaves the solar industry largely alone.
German Development Bank sets up €33 million credit facility to support renewables in Africa
The facility is planned to improve liquidity of developers of renewable energy projects up to 50 MW across Africa.
100 MW PV project in Inner Mongolia announced by Yingli Energy
Yingli Solar has announced that its wholly owned subsidiary, Yingli Energy Company Limited is to develop a 100 MW “Top Runner” solar project in Wuhai City, in China’s Inner Mongolia autonomous region.
France plans 200 MW joint wind and solar auction
The French government, which has so far held separate auctions for the two leading renewable energy technologies, said joint tenders will help further reduce costs. The first auction will be open to projects not larger than 18 MW.
Belgium may add up to 18 GW of solar by 2040
Belgian grid operator Elia expects solar could reach 11.6 GW by 2030, especially if distributed generation and storage begin to see strong development.
