Financing solar in the developing world: what are the struggles?
Solar has started playing an important role in the developing world, but the pace of investment needs to step up. Is there enough financing for projects in the developing markets and if not, what needs to be done?
Enphase to shed 18% of workforce in latest restructuring drive
SEC filing outlines proposed changes, described by company CEO Paul Nahi as “necessary to create path to sustained profitability”. Restructuring will cost estimated $2 million and follows announcement last year of staff losses.
Flex survives a $500 million loss in business after SunEdison flamed out
Through no fault of its own, the energy-storage manufacturer revealed on its most recent earnings call that the continuing SunEdison fiasco cost it $500 million in revenue in 2016 – but it lived to tell the tale.
Practical Action: solar enablers and award winners
The Practical Action non-governmental organisation (NGO) won a Zayed Future Energy Price last week at Abu Dhabi’s Sustainability Week for its work to reduce poverty. The NGO shares its experience of solar PV deployment in the developing world.
Endeavour Energy to deploy large scale storage in Australia to reduce network investment
New South Wales grid operator Endeavour Energy is tendering for a large scale battery storage array to reduce network costs for a new housing development west of Illawarra.
Eos Energy Storage & Siemens launch storage partnership
U.S. storage specialist Eos Energy this week announced a partnership with Siemens to integrate, install and service utility-scale energy storage solutions.
Decentralized energy: how much of it?
An emerging topic in today’s discussions for renewable energy is the extent to which decentralized structures of energy replace the old centralized systems. pv magazine captures the debate.
Sonnen wins US$1.5 million Zayed Future Energy Prize
The German battery manufacturer was chosen by the prize as the winner in the small & medium enterprise category. Sonnen CEO Christop Ostermann received the US$1.5 million award at the opening ceremony of the World Future Energy Summit in Abu Dhabi.
Enel acquires U.S. storage company Demand Energy
Through its subsidiary Enel Green Power North America, Italian multinational the Enel Group has announced the acquisition of a 100% stake in Demand Energy, a U.S. company specializing in intelligent software and storage systems.
PV, micro-grids win the bulk of IRENA funding for developing countries
The fourth round of a joint project facility between Irena and the Abu Dhabi Fund for Development that finances renewable energy projects in developing countries has been announced. Solar PV and micro-grid technologies attract the main bulk of funding.
