African nations could install 30 GW by 2030: BSW-Solar

A new report analyzing 10 solar markets throughout Africa claims that the continent’s PV market could expand from about 5 GW at present to up to 30 GW by the end of the next decade.

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Solarpack posts strong Q1 revenue as it chips away at global backlog

The Spanish developer’s operating revenues reached €12.5 million in the first quarter of 2019, up roughly 35% from the preceding three-month period. EBITDA stood at €4.5 million, up 14% from the fourth quarter of 2018, suggesting that the company has been moving from strength to strength since listing its shares in December.

Global energy investment held steady above $1.8tln in 2018 — IEA

Global investment in energy hit roughly $1.8 trillion in 2018, broadly similar to levels reported in the preceding year, according to a new report by the International Energy Agency. However, spending on renewables and energy-efficiency initiatives have slowed and the agency notes that its findings are at odds with global efforts to achieve targets set under the Paris Agreement.

NEXTracker to expand sales operations in Europe

The U.S.-based company, which is now supplying solar trackers for more than 400 MW of contracted projects in the U.K., Spain and Greece, will bolster its sales presence in Europe, where it anticipates a “solar renaissance.”

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PV+storage opportunity looms in Asia-Pacific region: WoodMac

Solar-plus-storage could be competitive against gas peaking power plants in Australia within the next five years, as the average solar-plus-storage LCOE across the Asia-Pacific region is set to fall from $133/MWh this year to $101/MWh by 2023, according to a newly released research report.

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Moixa secures $11.1m in Honda-led funding round

Moixa has wrapped up an £8.6 million funding round led by Honda. The U.K. smart battery specialist will use the funds to finance the global expansion of its business managing residential battery systems, electric vehicles and smart charging facilities, as well as the aggregation of battery capacity for grid services.

EBRD, Green Climate Fund to help finance 30 MW in Kazakhstan

The international financial institution and the South Korea-based fund have agreed to jointly lend $16.7 million to Chinese developer Universal Energy to build a 30 MWp solar project in the eastern part of the Central Asian country.

PV plants in China under greater pressure than wind farms — Fitch

Chinese solar plant operators must contend with higher financial costs than companies that run wind farms in the country. And delayed subsidy payments are only complicating their woes, the ratings agency reports.

Moixa to build virtual power plant as first phase of UK smart energy project

The storage supplier will set up a mixed-asset virtual power plant that will initially aggregate up to 2 MW of capacity as the first phase of a planned smart local energy system in southern England. Moixa aims to eventually scale the VPP up to 17 MW.

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Battery group unveils online map of global storage installations

The Consortium for Battery Innovation has produced an interactive, online map highlighting the location of lead-battery storage installations worldwide.

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