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Solar Systems LLC to build 100 MW PV plant in south-eastern Russia

The Russian developer has signed an agreement for the grid connection of the plant with local power distribution company IDGC of Northern Caucasus.

Norway’s oil producer Statoil eyes first investments in solar

The Norwegian oil company confirmed it is evaluating new business opportunities within solar. The company launched a $197 million fund dedicated to renewable energies in February 2016.

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Sweden’s Infranode invests $11.3 million in distributed solar energy

The Swedish investment firm is also ready to commit a further $56.7 million to solar and geothermal heat pump energy assets.

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Dutch pension fund PGGM invests €200 million in SolarCity’s project portfolio

The Dutch fund will invest in a portfolio of solar projects of Tesla’s solar unit. The projects are spread across 21 U.S states and have a combined capacity of 275 MW.

Canada’s Potentia Renewables secures $78 million financing from La Caisse

Quebec’s investment fund has agreed to provide Ontario-based rooftop solar specialist with CA$ 107 million ($78.0 million) in debt financing.

SolarPower Europe: new financial mechanisms at EU-level are crucial for solar

The European solar association has released a new report that recommends ten actions to further support solar across the EU. Innovative financing mechanisms and new business models, as well as balanced regulatory frameworks, are considered necessary to ensure the future growth of PV in Europe.

Armenia announces tender for 55 MW solar project

The Armenian Ministry of Energy Infrastructure and Natural Resources has prequalified ten companies in the preliminary phase of the tender for the project, which will be located in Masrik, Gegharkunik province, in the eastern part of Armenia.

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Ireland: interest grows in large-scale solar

Irish power utility EBS and wind specialist Bord na Móna are planning a giant solar project across three counties in the middle of Ireland. Meanwhile, large-scale PV projects with a combined capacity of 1.47 GW were submitted to the local grid operator for approval.

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Italy installed 84 MW of PV in first quarter 2017

The southern European country added new PV systems totaling 32.6 MW in March. Meanwhile, solar covered around 8.8% of Italy’s electricity demand last month, and 5.8% in the first three months of this year.

UK adds 111 MW of solar in Q1 2017

Great Britain installed 111 MW of new PV systems in the first three months of this year, according to provisional BEIS statistics. The country’s cumulative capacity now surpasses 11.85 GW.

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