UAE-based Ocean Holding plans to invest $100 million in solar in Armenia
Armenia’s Ministry of Energy has signed a MoU with UAE-based Ocean Holding for the construction of PV plants with a combined capacity of over 100 MW.
Trade Show tour at Energy Storage Europe 2017: innovative storage products
Video: Michael Fuhs and Jonathan Gifford, chief editors at pv magazine group, showcase the latest innovations at the Energy Storage Europe 2017 exhibition that are shaping the storage market.
Ukraine’s PV capacity tops 530.8 MW
Ukraine installed almost 100 MW of new PV systems in 2016. The country’s cumulative installed PV power reached 530.8 at the end of last year. Local agency SAEE predicts 150 MW of new PV installations for 2017, while the association UARE expects between 300 MW and 400 MW.
Meyer Burger keeps working on turnaround plan
The Swiss equipment provider saw its turnover increase significantly in 2016. This growth is due to increasing investments in upgrading technologies and capacity expansion in the PV industry.
Veolia opens solar module recycling facility in France
The French environmental services provider has secured a 4-year contract from PV cycle for the treatment of end-of-life photovoltaic modules.
France supports South Africa grid improvement with $477 million
The French Development Agency (AFD) has provided South Africa’s power utility Eskom with a ZAR 6 billion ($477.7 million) credit facility. Eskom, which has delayed the development of several large-scale PV projects over the past years due to grid issues, will use the funds to improve its network and integrate more renewable energy power.
PV in Slovakia is kept alive by residential segment
Slovakia has seen small amounts of PV installed over the past three years. In 2016, however, the market showed the first signs of a recovery led by the residential segment. The country reached 545 MW of installed PV power at the end of 2016.
German government releases draft regulation for tenants’ solar power supply
The German federal government has unveiled its proposal to support solar power installation for tenants living in rented housing (Mietestrom). The support will be capped at 500 MW total installed capacity per year, and limited to PV systems up to 100 kW.
Solarwatt launches modular storage system
Germany’s Solarwatt has launched a fully-modular battery storage system that it claims will be suitable for installations ranging in scale from small residential up to commercial and industrial installations.
Sweden’s plan to reduce tax for self-consumption by 98% moves forward
The Swedish government is proposing a 98% reduction to the tax on electricity generated by renewable energy power generators over 255 kW. The new rules were submitted to local Parliament and, if approved, would come into force by January 2018 at the latest.
