Investec Asset Management has acquired a significant stake in the German off-grid solar company, while existing shareholder DEG has increased its stake, as the off-grid market in Africa continues to show impressive growth figures.
Five Indian states put forth the proposals for solar projects to replace 1,067 MW of energy from conventional power sources, which are used to power irrigation projects.
Permission has been granted to Eco Energy World’s Australia unit to develop the utility-scale PV plant in Queensland, Australia, with the company now planning to develop an ambitious 1 GW of solar PV in the country in the next two years.
The Swiss technology company will incorporate solar PV and diesel into a single microgrid for the International Committee of the Red Cross in Nairobi, Kenya, to supply the hub with reliable power for the first time, while also announcing the completion of its share buyback program.
The U.K.’s Valuation Office Agency (VOA) released its draft business tax rates for businesses that own solar arrays, dropping tax rates for ‘mainly exports,’ but spiking tax for self-consumers, in another unexpected attack on the solar industry within the country.
Project Sunroof, an initiative led by Google, has been announced as one of 13 winners of the United Nations ‘Momentum for Change’ climate change award, by enabling tens of millions of Americans to evaluate the solar potential of their home with just the click of a button, showing them both monetary savings and environmental impact.
Prices went as low as Rs.3 (USD 0.0448) per kWh from bidders in the 500 MW solar rooftop auction in India, according to a list of the lowest prices in the auction released by the Solar Energy Corporation of India (SECI).
Heavyweight Chinese inverter manufacturer Huawei Solar announced an expansion of its European Supply Center, with a new inverter production facility in Eindhoven, Netherlands, which the company hopes will help it service its European customers with better efficiency and flexibility.
A new report by the Renewable Energy Policy Network for the 21st Century (REN21) found that approximately 50% of global investment made in off-grid solar in 2015 was in the eastern African region, as falling PV prices and favorable policies stimulate growth in the regional off-grid solar market.
A new “aggressive” renewable purchase obligation (RPO) for the next five years has been proposed in India’s southeastern state of Andhra Pradesh, which would rise to 25.25% by 2021-22, of which over half would be reserved for solar PV.
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