The rise of batteries will attract that headline figure in investment up to 2040, say analysts, as exponential growth in EV ownership, falling stationery system costs and the needs of the world’s grid-poor regions combine to boost lithium-ion technology.
The International Renewable Energy Agency says Asia is offering the largest amount of people mini grid access, with the development of such systems mostly led by governments. Global installed capacity reached 308 MW at the end of 2017.
Testing lithium-ion, redox flow, and sodium-sulfur technologies, EPC provider CMI Energy wants to establish which types of system, or which combinations, are most suitable for different applications using the 4.2 MWh facility.
French energy giant EDF has acquired a 50% stake in off-grid developer BBOXX’s operation in Togo. The two will work together to boost access to electricity in the West African country, according to EDF, and the partnership is the first step, with plans to extend cooperation to more countries in Africa.
The farming sector alone offers a potential $40bn marketplace, thanks to rice transplanting, pesticide spraying and grain harvesting – says the Council on Energy, Environment and Water thinktank.
The government wants to help the provinces of eastern Indonesia – in particular Papua, which has the lowest electrification rate in the country. Policymakers are in talks with the Asian Development Bank and seeking advice for implementation.
Heated opposition to a legislative bill in the Philippines has sparked debate over subsidies for renewables and the potential for battery-backed PV systems to expand rural electricity access.
The two companies have installed systems in Kenya and the Democratic Republic of Congo to provide a cheap, secure energy supply. BloombergNEF has predicted the market for off-grid solar will grow considerably as it can meet the needs for universal energy supply at a cost competitive price.
Solar DAO, a digital, autonomous, closed-end, utility-scale PV project investment fund, has announced its partnership with Powerchain, decentralized platform for energy storage, which allows prosumers to buy, store and sell energy.
Tanzania-based mini-grid operator, Jumeme is tendering two 1 MW projects in the Rukwa and Katawi regions. The projects are being developed in the frame of the Micro Power Economy, Tanzania Roll out program, which is financially backed by the Africa Enterprise Challenge Fund (AECF).
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