and included in Ontarios feed-in tariff program , which guarantees above-market rates for selling energy produced from clean sources. The power projects also are backed by several community cooperatives. Nautilus may use the model to arrange financing for additional industrial- and commercial-scale projects, Chief Executive Officer Jim Rice said today in an interview. Everybodys hope would be that now that weve built this structure, we could go up from 8 megawatts to, say, 20 megawatts, he said. Its being driven by this tariff program. Community investors include Green Energy Co-operative of Ontario Inc.
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Nauman Khan, one panel importer and chief executive officer of Grace Solar Pakistan, said the changes could triple his solar imports in 2015. Pakistans private sector imported 350 megawatts of solar panels in 2013 but that dropped to 128 megawatts in 2014 after the government imposed taxes on import of the panels, he said. “The tax exemptions and other initiatives to boost clean energy are a welcome move by the government, he said. We hope the private sector would import around 800 megawatts of solar panels in 2015 to meet the demand. Net-metering will not only help consumers get uninterrupted power and energy credits through the year but also help the government bridge its power shortfall, he said. Khan and the heads of two other solar companies plan to install rooftop solar on 100,000 homes in Lahore, Karachi, Rawalpindi and Islamabad in next two to three years, with Bank Alfalah Limited, a private bank, offering financing to buyers. FUNDING TO BUY PANELS The State Bank of Pakistan and the Alternative Energy Development Board have recently allowed the bank for the first time to finance rooftop solar installation with home mortgages.
Acquired from: http://news.yahoo.com/pakistan-pull-solar-energy-national-power-grid-103714192–sector.html
India Cuts Floor Price for Solar-Energy Credits to Boost Demand – Bloomberg
The maximum price will be 5,800 rupees. The prices of non-solar renewables certificates remain unchanged. The demand for solar energy certificates hasnt picked up even as the fiscal year-end approaches on March 31, said Vishal Pandya, director, REConnect Energy Solutions Pvt. The government requires state-run electricity distributors and large industrial companies to get as much as 10 percent of their energy from renewables. Companies not able to meet their obligations must purchase electricity from clean-power plants sold over power exchanges in monthly trading sessions. Solar credits are traded separately. Companies have time till March 31 to buy credits. Each credit represents 1 megawatt-hour of electricity fed into the grid.
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