The tender, which was launched in December 2016, was open to solar-plus-storage projects and PV projects for self-consumption.
The funds will be used by the public bank Bancoldex to support unspeficied projects that help mitigate climate change impacts.
The U.S. supplier of automation systems for the PV industry said its performance in the quarter was its best results since its solar business unit peaked in the third and fourth fiscal quarters of 2011.
The Middle Eastern country has so far mainly supported large-scale projects. The new rules, which will apply to projects not exceeding 1 MW, will come into force in mid-2018.
The new rules will apply to large-scale projects as well as to residential and commercial PV.
The regulated tariff, which was previously granted only to small and medium hydro- power plants, was extended to PV up to 2 MW and wind projects not exceeding 3 MW in size.
The Saudi Arabian power group will build three solar plants at the Benban solar complex, where most of the projects developed under Egypt’s FIT scheme are being constructed.
The Cubico Alten Aguascalientes Solar PV Project will be built in in El Llano municipality, in the state of Aguascalientes.
The exemption will relate to purchasing, manufacturing and importing of components to build renewable energy power projects.
The French government will provide an unspecified sum to conduct the feasibility study for the giant PV project.
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