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Egypt’s fledgling solar industry attracted $1.8 billion of investment, largely from the European Bank of Reconstruction and Development and the World Bank’s International Finance Corp.
The EBRD is backing 16 photovoltaic projects, and the IFC is financing 13 in the sunny North African nation with a combined capacity of 1.4 gigawatts. They are writing loans for $380 million and $203 million, respectively, and have mobilized the rest from co-investors.
A novel $160 million renewable energy project combining wind, solar and storage technologies reached financial close.
Britain’s divorce from the EU is less than 18 months away yet the arguments become more fractious and uncertainties over trading relationships seem no nearer to resolution. Among the big unknowns is what fate lies in store for the UK’s energy market and its relationship with Europe.
Each home in the new community will have solar PV and a sonnenBatterie installed, enabling every household to produce and consume most of its own electricity, according to sonnen.
Nigeria has asked the World Bank Group and the International Monetary Fund (IMF) to scale up the provision of and access to renewable energy in order to deliver development results and meet global climate goals. Nigeria's position on renewable energy and regional integration was presented by the Minister of Finance, Mrs.
Solar leasingpromoters have long claimed that electricity costs will keep rising, but we haven’t see this happening – yet. Actually, almost all of the standard generation sources are benefiting from lower costs – natural gas is low, coal is low, and nuclear is… well it’s not dramatically more expensive than it has been. There is no doubt in my mind, however, that prices are going to go up.
Large companies are predominant in most industries. But when it comes to rooftop solar installations, small is beautiful. Although there have been several large national-scale solar installers, in the aggregate the smaller, local companies dominate.
Companies using OSIsoft’s PI system gathered this week in London at the OSIsoft EMEA Users Conference to talk about the realities of what Martin Otterson calls the velocity, variety and volume of data in the modern business world.
Solarinverters are becoming more intelligent this year. California’s Rule 21, which is now partially in effect, governs the safety of PV arrays and their interconnection communications with the local investor-owned utility.
The rule has three basic phases, of which the first came into effect Sept. 8 under a draft resolution of the California Public Utilities Commission (CPUC). The effective date for the other two phases has not yet been set, however a CPUC vote on the draft resolution is set for October 12, and a California Smart Inverter Working Group (SWIG) workshop on Phases 2 and 3 is scheduled for Nov. 17.
Environmental Protection Agency Administrator Scott Pruitt On Oct. 8 in Kentucky announced the Trump Administration’s plan to repeal the Clean Power Plan, and stated that the solar, wind and other renewable energy tax credits should be eliminated so the industry can compete on its own against coal and other energy sources.