EEW enter the Swedish PV market to mount 500 MW

• London-based Eco Energy World (EEW), an international programmer of energy scale solar projects, announced that the Group is entering the Swedish solar market with plans to establish and also construct 500 MW of subsidy totally free projects over the following 3 years. EEW has actually recently employed Travis Woodward to direct its new procedures in Scandinavia. The Group will certainly utilize single axis trackers and high efficiency bifacial modules.

57 percent of Sweden's set up renewable resource is originating from hydro as well as wind. As PV solar expenses have come down 90 percent in the last ten years, "an enhancing quantity of markets are currently able to present solar without subsidies," says EEW. The levelized expense of energy (LCOE) for PV solar is currently at $28 to $35/MWh, with this price remaining to fall. "That makes solar energy much more cost effective than coal, gas, and also even wind." EEW anticipates at least 10 percent of the Swedish market or roughly 16 GW to be solar over the next 10 years, an equal to EUR11 billion ($13 billion) investment.

According to the business, throughout the last 10 years the Group has actually installed 1.3 GW in Europe and also Australia.