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.
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.
There is potential for solar PV and storage to snap a significant share of the distributed energy industry in frontier markets, says BNEF. Both telecoms and agriculture present interesting opportunities; SE Asia is an emerging micro grid hotspot; pay-as-you-go solar is seeing strong growth; and China is recording substantial business.
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.
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.
All of the projects are located in the O’Higgins Region and are being developed under the country’s PMGD Program for distributed generation.
The Australian government has agreed to provide AU$2.57 million (US$1.9 million) to support a two-year pilot project that will use blockchain technology to pair utility-scale and commercial rooftop PV with a battery, electric vehicle charging stations and water treatment systems in Western Australia.
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.
Western Australia’s electricity provider Horizon Power is set to receive a financial shot in the arm through the installation of various distributed energy technologies in 90 homes and businesses in the coastal town of Carnarvon, which is home to the state’s first utility-scale energy storage, currently under trial.
Shikun & Binui Renewable Energy Ltd, the renewable energy arm of Israel conglomerate Shikun and Binui will own the plant, which will be located near the village of Zeélim.
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