Energy storage already cost-competitive in commercial sector, finds study
Cheaper battery prices sees storage playing a broader role in energy markets, particularly for commercial customers seeking to reduce peak consumption, research from McKinsey shows.
Germany allocates more funds for PV storage incentives
Due to increasing demand, the German government has provided more funds for 2017.
Germany’s KfW granted incentives to 3,200 solar storage projects so far this year
The German development bank reports robust demand for storages systems combined with PV power generators. Starting from July 1, the repayment subsidy will drop from 19% to 16%.
Enphase Energy signs license agreement with manufacturing partner Flextronics
Deal sees the U.S. microinverter specialist license its marketing, sales and manufacturing rights to Flextronics, one of the world’s largest global electronics manufacturers and a longstanding partner of Enphase.
Sungrow supplies inverters, storage to the Maldives
The Chinese inverter manufacturer has announced the installation of solar PV and energy storage systems for five islands in the Maldives.
UK energy regulator slashes subsidies for small-scale energy generators
Power generators that have less than 100 MW of capacity on the U.K. grid will see the payments they receive for supplying backup power during peak hours slashed from £45/kw to between £3/kw and £7/kw as Ofgem seeks to get a grip on consumer electricity bills.
O&M business must get to scale
At the first day of the conference PV Asset Management and O&M Europe 2017, which winds up today in Hamburg, almost all the participants agreed on the fact that the business is becoming more and more complex, and that getting to scale may provide a path through a period of further consolidation.
Queensland to auction off 400 MW of renewables under new $873 million energy strategy
The government of the Australian state has revealed plans to launch reverse auctions this year for as much as 400 MW of renewable energy capacity, in addition to 100 MW of energy storage systems, as part of a new A$1.16 billion ($873.2 million) investment.
Austria has strong potential for solar-plus-storage
Although the central European country has a solar market with a stable growth, the residential solar-plus-storage segment is still far behind its strong potential. In 2016, around 500 storage systems combined with PV installations were installed under the incentive scheme in the country.
Rapper Akon lights up Africa with solar
Akon, the platinum-selling rapper, is lighting up Africa with solar lighting and other products thanks to a reported $1 billion credit line with Chinese manufacturers and a skill for celebrity networking.
