The combined capacity of these installations has reached approximately 78 MW. The state with the highest number of PV systems under net metering is Minas Gerais.
The Chinese module manufacturer intends to invest 112 million BRL ($35.2 million) in the manufacturing facility.
Brazil’s third biggest electric utility company has set up Envo, a new unit offering residential and commercial PV solutions under net metering. The offer includes a financing option with Banco Santander.
The project consists of a 76 MW unit selected in an energy auction, and a 25 MW section selling power to a local power distributor.
The Mexican government announced the timeline for the upcoming renewable energy auction. Technical bids must be submitted in September.
The PV plant is one of the country’s first merchant solar projects after the energy reform was introduced. The project’s required investment was $14 million.
The assessment was conducted by Brazil’s energy agency Empresa de Pesquisa Energética (EPE). These projects are expected to be particularly suitable to regions with a low degree of grid integration.
The Caribbean country is seeking to accelerate its transition to clean energies, and to benefit from funds from the Green Climate Fund. Meanwhile, the government is also seeking to improve net metering for residential and commercial PV.
The world’s cumulative PV capacity had surpassed 303 GW at the of 2016, according to a report from IEA PVPS. Globally, solar power is now able to cover approximately 1.8% of power demand.
The Italian inverter maker will supply its devices for Mexico’s largest solar project. The company is also planning to expand capacity at its manufacturing facility in northern Italy.
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