Midsummer sees profit increase for FY 2016
Financial results for 2016 posted by the Swedish thin film equipment supplier show that revenues almost doubled to SEK 60 million ($6.8 million) for the full year. Midsummer also saw a significant profit increase to SEK 10 million ($1.1 million).
Swedish Energy Agency pushes for more residential PV
The Swedish agency has launched an initiative to spread awareness on the advantages of PV among homeowners.
Sweden’s Infranode invests $11.3 million in distributed solar energy
The Swedish investment firm is also ready to commit a further $56.7 million to solar and geothermal heat pump energy assets.
Sweden and Norway extend joint electricity certificate system for renewables to 2030
The governments of Sweden and Norway have come to an agreement on how the electricity certificate system for renewable energies will be further implemented. The joint market-based support system of the two Scandinavian countries is open to power plants utilizing biofuels, wind, solar, hydro and tidal energy.
Sweden tops 140 MW of installed PV capacity
The Scandinavian country added only 13 MW of new PV systems in 2016. Around 52% of the cumulative capacity is represented by PV systems up to 20 kW.
Vattenfall to invest $226 million in solar and storage over next two years
The Swedish power utility announced a plan to invest heavily in renewable energies over the next two years. The company said investments in solar and storage will reach 2 billion SEK ($226.3 million).
Sweden allocates $25.6 million for solar rebates in 2017
The Swedish Energy Agency Energimyndigheten has allocated 225 million SEK ($25.6 million) for the support of solar energy in 2017. The funds will be used for the country’s solar rebate program.
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.
Sweden may launch probe into building permits for PV
The Swedish government has signalled plans to start discussions on implementing regulatory changes that could allow homeowners to install PV modules without first obtaining a special permit.
Electric vehicle purchases rise by one-fifth in UK
New car registrations across Britain hit a 12-year high last month, with electric vehicles (EVs) accounting for 4.2% of that figure – a one-fifth increase on the previous month.
