NREL forecasts rising US utility-scale solar costs, falling residential prices
The US Department of Energy’s National Renewable Energy Laboratory (NREL) has updated its annual cost modeling tool in light of the US Inflation Reduction Act (IRA). It has identified higher labor costs for utility-scale solar projects and falling hardware costs due to new manufacturing tax credits.
Israel’s Teralight to buy 16.5 MW rooftop PV portfolio
Israeli developer Teralight says it is buying 16.5 MW of solar projects for ILS 25 million ($6.4 million) from gas supplier Electra Power. It expects to generate ILS 320 million of income over the lifetime of the projects.
Dyness introduces 312 kWh battery
China’s Dyness says its new 312 kWh storage system uses 375 Ah lithium iron phoshate batteries. It also claims that its cooling system reduces average temperature increases by 6 C.
Romanian 155 MW PV plant nears grid connection
Econergy and NoFar Energy unveiled their jointly managed 155 MW Rătești PV Park in Romania’s south last week, which is claimed to be the country’s largest PV facility. An Econergy spokesperson told pv magazine that the plant, spread across 170 hectares, will be connected to the electricity grid by the end of the month.
Austria allocated incentives for 2 GW of solar, 646 MWh of storage this year
OeMAG, an Austrian government-run agency, has allocated incentives for solar and storage across 121,000 contracts this year. Their number was significantly lower in 2022.
Scientists use game theory to monitor renewables auctions
An international team of scientists has assessed different strategies for volume-based and fixed-amount subsidy auctions for large-scale wind and solar projects. They have found that higher subsidy levels in auctions lead to lower final prices.
Solyco switches on vertical PV systems on green rooftops in Germany
Solyco, a PV system specialist, has deployed a 12.64 kW vertical PV rooftop system made with glass-glass bifacial tunnel oxide passivated contact (TOPCon) modules in Hannover, Germany. It also installed a 10 kW vertical array in Hamburg.
Fortescue scraps plans for 5.4 GW of wind, solar, storage in Australia
Mining giant Fortescue has abandoned plans to build a 5.4 GW solar, wind and battery energy storage project that was set to provide renewable energy to power its iron ore mining operations in Western Australia.
Weekend Read: Install grid-connected solar, rinse, repeat
Will a redeployable solar and energy storage solution be the answer to unreliable grid electricity across much of Africa, as its developer proposes? Or will it merely be a temporary solution that will see cash-strapped utilities kick the can of universal energy access further down the road?
ZYC Energy launches 5.12 kWh lithium iron phosphate battery
Chinese manufacturer ZYC Energy says its new LiFePo4 battery has a lifecycle of more than 6,000 cycles. The new product is designed for off-grid and residential applications.
