Saudi Arabia has announced a US$500 billion investment for an industrial and business zone spanning 26,000 square km (10,230 square miles) over three countries, to be fully powered by solar energy and wind power.
A report on the off-grid solar market has revealed that there has been a 7% drop in off-grid solar and home system product sales worldwide yet the market remains “buoyant”.
Electricity and heat generator and retailer Vattenfall is developing a third party model for energy storage deployment, which will see the Swedish firm deploy batteries alongside UK solar farms.
Canadian Solar has partnered with Israeli insurance and finance group Menora Mivachim in an effort to raise US$60 million to finance solar projects in Israel.
Rooftop solar PV systems are estimated to have saved energy consumers in the Australian state of New South Wales between AU$2.2 billion and AU$3.3 billion (US$1.7 billion to 2.6 billion) in a 12-month period, according to a report commissioned by campaign group Solar Citizens.
