SUSI to provide $94.3 million to back Canadian storage projects
A fund managed by Swiss investment firm SUSI Partners AG has agreed to provide C$120 million (US$94.3 million) of financing to a unit of energy storage developer NRStor for lithium-ion storage projects in Canada.
French forces unite to develop solar PV desalination plants
Two French companies have partnered to develop projects that combine renewable energy generation with water desalination. This is an area the solar sector is targeting specifically for the developing world, due to its off-grid compatibility.
Global storage market to double six times by 2030, BNEF reports
Global cumulative storage deployment will double six times between 2017 and 2030 to reach 125 GW/305 GWh, with as much as $103 billion pouring into the sector, finds new report by Bloomberg New Energy Finance.
Niger gets its first solar container
Africa GreenTec, alongside the German Investment and Development Company (DEG) and the International Climate Initiative, have installed a solar-plus-storage container in the Tahoua region.
Switching to solar can boost education, prosperity for developing world, study finds
Research from the Overseas Development Institute estimates that children in developing world can gain 15 minutes extra study time a day if their homes switch from fossil fuel to solar, while households can enjoy savings of $10 per month.
Panasonic posts $1.04 billion profit in H1
Panasonic recorded a net profit of JPY 118.9 billion ($1.04 billion) for the first half of the current fiscal year, from JPY 133.5 billion a year earlier, as sales of its PV systems fell.
Nidec nails EPC, battery deal in Corsica
Nidec Industrial Solutions (NIS) has agreed to supply a battery energy storage system (BESS) for a turnkey PV project in Corsica.
Redavia completes solar minigrids in Tanzania
Redavia has commissioned 178 kWp of PV-powered minigrid capacity at two sites in western Tanzania’s Songwe region.
Amid devastation, Tesla begins restoring power in Puerto Rico
Current estimates suggest 80% of Puerto Rico is still without power, but thanks to Elon Musk’s efforts at least one children’s hospital has been able to turn the lights on.
Off-grid solar has saved $5bn in energy spending since 2010, finds World Bank Group, GOGLA report
Despite 7% lower product sales, the latest global Off-grid solar market report from the World Bank Group reveals that market is thriving. However, industry needs to move quicker if it is to achieve global 2030 universal energy access goal.
