Companies can apply to have the fund cover up to 25% of the cost of renewable energy projects, as well as energy-efficiency and e-mobility initiatives.
Globeleq bought the solar plants — which are part of a bigger portfolio that includes wind farms — from an affiliate of Brookfield Asset Management. It said that in the coming weeks it will also reach financial close on another 66 MW solar installation, pushing the PV portion of the acquired portfolio up to 119 MW. It currently holds 238 MW of combined solar and wind capacity in South Africa.
At the Smarter E Europe, held in Munich this month, pv magazine hosted another Future PV Roundtable to discuss the possibilities of subsidy free solar projects. In all market segments solutions are at hand and representatives across the industry shared their insights with us.
The development will comprise multiple smaller projects, a first 60 MW batch of which closed its first tender window this month with the results not yet publicized. Cambodia boasts comparatively high electricity prices and has been urged by the UN Development Program to use PV to drive down energy bills.
At the Smarter E Europe trade show in Munich, pv magazine caught up with Lior Handelsman, VP for marketing and product strategy and founder of Solaredge. The Israeli company made headlines as it went on an acquisition spree in the last year to leverage its position in the storage and EV charging business.
One 15 MW project will see the installation of high power mono bifacial modules – no small feat for any market. Other projects will be collocated with the country’s industry to improve security of supply, as load shedding occurs for several hours each day.
Traditional, centrist groupings the social democrats and conservatives lost ground in the weekend’s elections but while green parties gained seats, talk of a green wave washing over the continent appears to have been exaggerated.
The site is the first step in a planned 200 MW portfolio. Along with a few ground mount installations, the Palestinian authorities set out to achieve substantial parts of the portfolio by tapping public rooftops. The authorities have already secured rooftop spaces at 500 schools for the installation of 35 MW of capacity.
Scatec wants to expand in Southeast Asia and Vietnam is poised to become a hot market thanks to a generous feed-in tariff and a government that has set tight carbon emission targets.
The Institute for Energy Economics and Financial Analysis has estimated the effect on the payback period of PV systems when adding EVs and storage in Germany and Britain. In both cases, system owners are likely to reduce their payback period by significant margins as increased self-consumption can offset the incremental phase out of government incentives.
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