Tesla's storage solutions sell out
According to Tesla’s Q2 2015 earnings report, the company has reduced full-year delivery outlook for its vehicles, causing Tesla shares to fall yesterday. However, its storage solutions are seeing a surge in demand.
India: MNRE sees need for cost-effective storage
The Ministry of New and Renewable Energy (MNRE) in India has called for Expression of Interest (EOI) for energy storage demonstration projects to support renewable energy generation. MNRE has set up a capacity addition target of 175MW by 2022.
India: Yes Bank raises more than $49 million for renewable projects
Yes Bank has managed to raise INR315 crores (US$49.37 million) to finance green infrastructure projects like solar and wind power in India. Investor IFC has also officially drawn back investments into coal projects.
The pv magazine weekly news digest
Obama’s clean power plan angers the coal industry, Indian auction strikes another low solar price, further cost reductions are on the way, and SolarCity’s plans for world domination edge closer to reality.
ET Solar moves into the Turkish PV market
ET Solar has entered Turkey’s PV market with its new Turkish arm ET Solutions Istanbul. The company has already bagged two 1.1MW projects.
India: Welspun to develop 8.7 GW of solar on back of strong investment
Of its 11 GW renewables target, Welspun Renewables has said it will develop 8.66 GW of solar PV in India. Investment in the country is said to be strong, with Welspun expecting a “substantial inflow” of capital.
Australia: Queensland rolls out virtual power plant project
A utility in northeastern Australia is rolling out a pilot solar+storage pilot project to create a ‘virtual power plant’ in areas where grid capacity is constrained. The 12-month project will allow for remote control of the residential solar+storage systems to provide grid support.
Germanys second PV tender oversubscribed three-fold
A total of 136 bids totaling 150 MW were received by the Federal network Agency in Germanys second solar PV tender round. The prices for the generated solar energy are still to be determined.
Report: Panasonic largest li-ion battery cell producer
With 20.5% market share, Panasonic has emerged as the leading lithium ion battery cell supplier to the global market for the first half of the year. The data comes from Korean market research firm SNE Research, which found that East Asian manufacturers are dominating the space, with Samsung SDI, LG Chem, ATL and Sony rounding out the top five suppliers.
Acme Solar wins 446MW
Another major winner in the 2,000MW Telangana state PV capacity tender appears to be Haryana-based energy management group Acme.
