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    1. Australia Funds 480MW in Bid to Triple Large-Scale PV Base

      Australia Funds 480MW in Bid to Triple Large-Scale PV Base

      The Australian Renewable Energy Agency (Arena) said its A$92m ($71m) of grant awards across 12 projects would unlock A$1bn of commercial investment and propel the country to a large-scale solar base of 720MW (AC).The project roster – released followed a competitive tendering round – includes major international developers such as France’s Neoen, Thailand's Ratch, Canadian Solar and Goldwind, the Chinese wind group which obtained support for a 20MW plant to be co-located with its 175MW wind farm of the same name in New South Wales.

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    2. Mitsubishi Enters US Solar Market with Nexamp Deal

      Mitsubishi Enters US Solar Market with Nexamp Deal

      Mitsubishi becomes the largest shareholder in Nexamp, which specialises in building and operating commercial-scale PV systems in the US northeast, and also claims to be a "recent leader" in the community solar market.

      Mitsubishi made the undisclosed investment via its US subsidiary Diamond Generating Corporation (DGC), marking the unit’s first foray into solar and adding to its existing portfolio of wind and thermal plant assets.

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    3. EGP Ramps Up Push into California Energy Storage Market

      EGP Ramps Up Push into California Energy Storage Market

      “When it comes to centralised storage, to serve the grid, we’re looking with big interest at what California is doing,” Antonio Cammisecra, head of global renewables development at EGP, tells Recharge. California has mandated that the state’s three large investor-owned utilities add 1.3GW of storage to the grid by the end of the decade, setting in motion what is widely viewed as the world’s most exciting storage market. “We’re following the [requests for proposal] and we intend to participate,” Cammisecra says.

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      Mentions: Italy Minnesota MA
    4. Shunfeng Buys Into U.S. Storage Group

      Shunfeng Buys Into U.S. Storage Group

      China-based Shunfeng Photovoltaic International Ltd said today it had agreed to buy a 30% stake in US energy storage technology firm Powin Energy Corp for USD 25 million (EUR 18.7m). The solar photovoltaic (PV) products maker has signed the deal through fully-owned unit SF Suntech Inc. The subsidiary has also received a two-year option to acquire an additional 30% interest in the US company for a further USD 37.5 million. The initial transaction will give SF Suntech four seats on Powin Energy’s board.

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      Mentions: OR Powin Energy
    5. Big in Japan

      Big in Japan

      Japan has rapidly become a major energy storage market, partly due to blistering growth in the country’s rooftop PV segment, with system installations set to reach 100MW this year, according to IHS.  A new Ministry of Economy, Trade and Industry (METI) subsidy for lithium-ion battery equipment — which covers up to two thirds of the costs of household installations, up to ¥1m ($10,000) — could ratchet up growth even more. Businesses can claim up to ¥100m under the ¥10bn programme.

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      Mentions: Japan Panasonic
    6. SMA Integrated Storage Model

      SMA Integrated Storage Model

      SMA Solar Technology, the world’s largest PV inverter manufacturer, has launched a mass-produced model with a lithium-ion battery in Germany. The wall-mountable device, called Sunny Boy Smart Energy, has an integrated battery that can store about 2kWh of electricity generated from the sun. It is aimed at boosting self-consumption levels in Germany. The world’s solar leader, with more than 35GW, has a small but rapidly rising PV storage market.

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      Mentions: Germany MA
    7. China's Goldwind testing storage for grid-scale wind and PV facilities

      China's Goldwind testing storage for grid-scale wind and PV facilities

      In a Beijing industrial park, Chinese manufacturer Goldwind is testing four kinds of batteries that can store the power produced by the 2.5MW turbine and 500kW of solar panels installed on its campus. The micro-grid project is in its early days, but the young engineers in charge say they are already making savings by switching to stored energy during the daytime, when electricity sold by the municipal grid hits peak prices. The results are promising for all of China’s wind companies.

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      Mentions: Japan Asia NV
    8. UK Queen seeds Green Investment Bank with ~$5B; supports UK Energy Bill

      UK Queen seeds Green Investment Bank with ~$5B; supports UK Energy Bill

      In her traditional speech outlining the government’s forthcoming legislative agenda, Queen Elizabeth II said the ruling coalition “will propose reform of the electricity market to deliver secure, clean and affordable electricity, and ensure prices are fair”.  The Queen also confirmed the government will establish the Green Investment Bank, which will be seeded with an initial £3bn ($4.84bn) of public money.

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      Mentions: DoE UK
    1-24 of 42 1 2 »
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