Recently, the European Union approved an Italian plan worth 1.1 billion euros that will provide direct state subsidies for the local production of equipment needed for a net-zero economy. It is reported that the 1.1 billion euro plan will support local production of solar panels, wind turbines, heat pumps, electrolysers, carbon capture, use and storage equipment, as well as manufacturers of key co...

The European Parliament has formally adopted the revised Energy Performance of Buildings Directive (EPBD), which will become law upon formal approval by the Council of Ministers. The directive requires that starting from 2030, all new residential buildings in the EU must be powered by rooftop solar power. Public buildings and non-residential buildings will need to gradually deploy solar energy bas...

The African country of Cameroon will exempt solar modules from import duties and other taxes starting from January 1, 2024. The exemption also applies to drinking water, biomass and wind energy facilities for 24 months. The government has included the provision in the Finance Law 2024 to be published in December 2023, the Association of Off-grid Electrification Professionals of Cameroon (APELCA) a...

Malaysia’s Ministry of Energy Transformation and Water Transformation (PETRA) has announced an incentive program called the People’s Solar Incentive Scheme (SolaRIS) to encourage residential energy consumers to adopt solar energy. The program is open to all Malaysian citizens with Tenaga Nasional Bhd (TNB) accounts as well as citizens applying for the NEM project for the first time. The SolaRIS sc...

Recently, according to data from the Philippine Department of Energy, the Philippines will launch nearly 2GW of solar power generation capacity in 2024. The country's Department of Energy expects that 1.98GW of solar power generation capacity will be connected to the grid this year, which is part of 4.2GW of renewable energy projects. The department said that by June, the Philippines may launch 96...

According to TaiyangNews, the World Bank has agreed to provide Turkey with a $1 billion loan to help the country expand the use of renewable energy, especially distributed solar energy and battery storage. It is reported that the $1 billion fund includes a loan of approximately 600 million euros (US$657 million) from the International Bank for Reconstruction and Development, US$30 million from the...

Vietnam's "Government Electronics" recently reported that Vietnamese Prime Minister Pham Minh Chinh chaired a government executive meeting to review the draft government decree on encouraging self-production and self-use of rooftop solar power generation systems. After listening to the report of the Ministry of Industry and Trade and the opinions of the participating representatives, Prime Ministe...

It is reported that the Bangladeshi government has introduced a new energy policy, under which renewable energy projects (including photovoltaic projects) can enjoy tax exemption support for 10 years. Renewable energy projects will be given 100% tax exemption in the first five years, 50% in the next three years, and 25% in the next two years. The new policy will take effect on July 1, 2025. The no...