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Montenegro slashes VAT on solar panels to 7%

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Montenegro has introduced a new measure to reduce value-added tax on PV systems with capacities up to 1 MW.Mico Djukanovic, the president of Montenegrin utility Elektroprivreda Crne Gore (EPCG), said on his Twitter account this week that the VAT on solar panels has been reduced...

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Battery energy storage in 2022

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Battery swapping, solid-state batteries, second-life batteries, evolution from lithium to novel chemistries, and Cloud-based battery management system were the key trends in battery energy storage during the year.  Renewable energy is seeing an unheard-of transformation in the global economy. Inverter-based resources such as solar and...

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Making the switch to a low-carbon economy

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The shift to a low-carbon economy offers both a significant opportunity and a tremendous challenge.According to the United Nations Environment Program (UNEP), a green economy is a strategy that increases human well-being while considerably lowering environmental dangers and ecological resource shortages. It is, in essence,...

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