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Potentially Game-Changing Saudi Arabian Government Restructuring Bolsters 9.5 GW Renewable Energy Target by 2023

Deputy crown prince Mohammed bin Salman of Saudi Arabia announced first cornerstones for the deployment of renewable energy in the country on April 25, 2016, followed by a comprehensive restructuring of responsible government bodies. The “Saudi Arabia Vision 2030” paper states an initial target of 9.5 gigawatts (GW) of renewable energy by 2023, translating to annual installations of 1.6 GW.

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Dubai Shatters all Records for Cost of Solar with Earth’s Largest Solar Power Plant

The Emirate of Dubai set a new world record for the cost of solar power on May 1, 2016 with the Dubai Electricity and Water Authority (DEWA) receiving bids for the 800 MW Sheikh Maktoum Solar Park Phase III as low as 3.00 U.S. cents per kilowatt-hour (kWh). This not only marks the lowest cost ever for solar power, but also easily beats all available fossil-fuel options in Dubai on cost.

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Brazil’s new legislation to foster investment in distributed solar: A helpful step, yet off target to realize the market’s true potential

Brazil has made international headlines on political and economic issues lately, most of which did not paint a rosy picture of the country’s current situation. Nonetheless, development of the solar sector is on a promising path, with the successful execution of several large-scale PV auctions and increasing interest from industry players to set up a local value chain.

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