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The €5.7 million project is being part-financed by the European Union, the United Nations Development Programme and the government of Eritrea to deliver solar electricity to up to 40,000 homes and businesses in the remotest parts of the country.

As demand is becoming geographically diversified, with strong growth of emerging markets set to make up for slowing demand in East Asia, GTM Research is now tracking 17.4 GW of confirmed solar tenders between Q2 and the end of 2019 across the globe, 9.6 GW of which is expected to be awarded in Q3 2017.

The International Energy Agency’s World Energy Investment report sees global spending on energy fall by 12% overall in 2016, marking the second-consecutive year that investment has dropped as less money is poured into costly gas and oil infrastructure. Clean energy spending, meanwhile, is on the up.

Bangkok-based QTC Global Power has paid 67.84 million baht ($1.9 million) for a stake in Thai PV developer Green Earth Power (GEP), which is building a 220 MW solar installation in Myanmar.

In around half of the G20 countries, renewables have been equal or cheaper in price to electricity generated from coal and nuclear power plants since 2015, and are set to outcompete all other energy sources in the world’s 20 major economies by 2030, finds a new study commissioned by Greenpeace Germany.

Acquisitions within the off-grid solar space are still rare. Mobisol recently acquired Lumeter for their software capability, opportunities for product expansion, and data on customer repayment.

The event organized by the Solar Trade Association offers reminder that solar PV has been a transformative energy source in the past few years, and is backed by 86% of the population.

The Swedish power utility has ramped up its renewable energy activity in recent weeks, spinning out a new Photovoltaics & Battery Business Unit from its Business Area Wind.

State officials believe that Telangana can surge from current installed base of 1.3 GW to surpass 5 GW over the next couple of years via its decentralized model of solar development.

6,589 small-sized PV systems with a combined capacity of 136 MW were connected to the grid in May. Furthermore, the first large-scale solar plants selected in the first auction held in April 2015 are now coming online.