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.
SoftBank Vision Fund to build 3 GW of solar and storage in Saudi Arabia
The Saudi Electricity Company has signed a Memorandum of Understanding with the Public Investment Fund and Softbank Vision Fund to create 3 GW of solar and storage capacity in the Kingdom in 2018.
sonnen to invest €80m to install home storage systems to 20,000 homes in Italy
A total of 20,000 sonnen home batteries are to be delivered in Italy by German company sonnen over the next 24 months after an €80 million ($94 million) deal with a newly formed alliance of regional installers.
Dutch researchers unveil li-ion battery capable of 50% more energy
ECN spin-off LeydenJar has developed a lithium-ion pouch cell prototype that increases the storage capacity of rechargeable batteries by 50%. With these advances devices such as electric cars, smartphones, laptops and other battery-based products can enjoy longer durability, they claim.
AES deploys 20 MW of storage in the Dominican Republic
AES Dominicana’s 20 MW storage system helped maintain the power grid operational during the passage of Hurricanes Irma and Maria.
China storage market growing, but electric vehicles still dominate battery demand, says AECEA
Chinese shipments of lithium-ion batteries could jump by 40% year on year in 2017, but demand from the country’s burgeoning electric-vehicle market continues to overshadow the deployment of stationary energy storage systems (ESS), according to a recent report.
CEFC provides debt finance for Australia’s first wind+solar+storage array
The Clean Energy Finance Corporation will provide $94 million as the sole debt financier of Australia’s first co-developed wind, solar and storage array. The 60 MW Kennedy Energy Park is being developed by Windlab and Eurus Energy and will combine 43.2 MW in wind capacity, 15 MW of solar PV, and 2 MWh of battery storage.
CLEAN invites proposals for storage-backed mini grids in India
The Clean Energy Access Network (CLEAN) has requested lithium-ion battery OEMs to demonstrate the efficacy of mini grids in the range of 15-20 kW, based on a lithium-ion battery storage system.
Powin scores financing from Brookfield for 8.8 MW storage project
Powin Energy has secured non-recourse debt financing from Brookfield Renewable for an 8.8 MW/40.8 MWh storage system it plans to install in the Canadian province of Ontario. It did not disclose the terms of the agreement.
India’s first utility-scale solar storage project realized
Mahindra Susten won the auction for 20 MW/28MWh with the final all-in price of INR 2.99 billion ($46 million).
