The Swedish investment firm is also ready to commit a further $56.7 million to solar and geothermal heat pump energy assets.
The governments of Sweden and Norway have come to an agreement on how the electricity certificate system for renewable energies will be further implemented. The joint market-based support system of the two Scandinavian countries is open to power plants utilizing biofuels, wind, solar, hydro and tidal energy.
The Scandinavian country added only 13 MW of new PV systems in 2016. Around 52% of the cumulative capacity is represented by PV systems up to 20 kW.
The Swedish Energy Agency Energimyndigheten has allocated 225 million SEK ($25.6 million) for the support of solar energy in 2017. The funds will be used for the country’s solar rebate program.
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.
The Swedish government has signalled plans to start discussions on implementing regulatory changes that could allow homeowners to install PV modules without first obtaining a special permit.
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