Oxis Energy is gearing up to sell its energy storage batteries in 2016. The lithium sulfur (Li-S) battery developer, which unveiled a solar storage technology demonstration project in early June with Proinso, predicts a battery price of $250/kWh in 2020.
The First Solar, SunPower joint yieldco began trading on June 19, with an initial share price of US$21/share. 20 million Class A shares will be issued, with Goldman Sachs and Citigroup Global Markets acting as lead book running managers for the IPO.
Kolibri Power Systems AG will continue operating under the name Colibri Energy GmbH. Despite ongoing insolvency proceedings, the energy storage company has been processing orders and developing new products.
At this year’s Intersolar Europe, BYD introduced a solar PV module without EVA, which promises an extended service life and improved efficiencies. Production is expected to reach up to 500 MW in 2016. It also unveiled a new battery and two energy storage systems.
Japanese telecommunications giant SoftBank is partnering with Bharti Enterprises and Foxconn to develop USD$20 billion in solar projects in India. The venture will be called SBG Cleantech, with Softbank providing $10 billion of capital and leveraging its expertise acquired in the Japanese solar market.
Switzerlands ABB has landed at US$20 million order from the Dubai Electricity and Water Authority (DEWA) to extend a substation, to facilitate solar park expansion plans. ABB will conduct works that will allow the phase II of the Mohammed bin Rashid Al Maktoum solar park from 100 MW to 200 MW.
Tanzania primed for micro and off-grid projects, new on and off-grid inverter and other African opportunities. A fortnight’s off-grid news, curated by specialist editor Pete Carvill
While Germanys large scale solar sector has more-or-less come to a standstill, the potential for profitable projects has been demonstrated by a new 10 MW plant. ISM developed the project in Germanys east, with Hanwha Q Cells supplying the modules.
Wacker, Baywa r.e. and MVV, three major German companies in the energy sector, have called for an end to the minimum price regime applied to Chinese modules. The companies claim the minimum price regulation is standing in the way of German market growth.
The growth of investment in solar energy in Honduras continues at breakneck speed. MIGA, which is part World Bank, has guaranteed an investment of US$56.7 million for three SunEdison projects in Hondurus.
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