In partnership with online investment platform Lendahand Ethex, British off-grid power specialist BBOXX will seek to raise £2.5 million via a series of retail focused investment offers to garner funds for the roll out of its solar systems in a handful of African countries.
According to the latest statistics from the International Renewable Energy Agency (IRENA), global renewable energy (RE) generation capacity hit 2,179 GW last year. Leading the charge were renewable hydro, onshore wind and solar PV.
With 11 GW, India is set to become the second largest solar PV market in 2018, usurping the U.S., as global demand reaches 113 GW, says IHS Markit. It adds that Q4 will be the biggest quarter in history for installations, with 34 GW expected.
A US$600,000 investment has been secured by EcoEnergy to help it provide off-grid solar PV solutions to 10,000 rural households in Pakistan.
The scheme, set to be implemented over the next three years, includes net metering, FITs for small-scale solar, and a series of tenders.
‘Unprecedented challenge’ for fossil fuels as low LCOE for solar and wind power, allied to tumbling storage costs, sees renewables claim larger share of bulk and dispatchable generation while adding vital flexibility to global energy mix.
The French multinational telecommunications corporation has announced a plan to begin providing off-grid solar solutions to Burkina Faso and, at a later stage, in Senegal, Mali, Guinea, and the Ivory Coast.
For a long time, the Swedish power utility has primarily focused on hydro and wind power when it comes to renewables. But in recent months, the number of solar PV and storage projects has significantly increased. This was reason enough for pv magazine to talk with Claus Wattendrup, head of Vattenfall’s Solar and Batteries Business Unit, about the utility’s concrete plans.
The Middle Eastern nation’s Authority for Electricity Regulation (AER) has contracted PassivSystems to consult on the Oman government’s plan to install rooftop solar PV atop 30% of the nation’s homes.
The company is billing the contract with a portion of a 500 MW project as the largest corporate solar power purchase agreement (PPA) to date.
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