Markets & Policy

The Indian utility has revealed plans to invest roughly $3 billion in the construction of a 5 GW solar park across two to three locations in Gujarat’s Kutch region. In a separate announcement, the New Delhi-based group opened global bidding to build 1.2 GW of grid-connected solar capacity throughout India.

Australian Vanadium and Metrowest Power Systems have signed a non-binding memorandum of understanding to look at energy storage opportunities in Australia using vanadium redox flow battery technology.

Two subscribers who signed up to a 20% discounted shares subscription in mid June ended up yesterday paying almost the same percentage as a premium on the trading price of the stock.

The Chinese manufacturer is forging ahead with a new gigafactory despite a regulatory decision last year which halted its plans to raise a significant chunk of the costs by issuing convertible bonds. Risen expects to be back on the upswing when it confirms its first-half figures.

Elon Musk is trying just about everything to reimagine the solar business. But will this one work?

Australian banking and financial services giant ANZ has extended its collaboration with Sydney-based Clean Energy Finance Corp. via an additional $67.7 million financing commitment to help the nation’s businesses cut energy costs and reduce carbon emissions. The bank is also offering financial discounts for upgrades and new investments in solar PV, energy storage, electric vehicles and other technologies.

The Australian arm of global mining manufacturer Molycop has signed a long-term solar-wind offtake deal with electricity retailer Flow Power. Under the new partnership, Molycop will gain access to the ARENA Demand Response program.

The California Independent System Operator has warned state regulators that there could be a 4.7 GW capacity shortfall in 2022, in the early evening hours of the annual peak demand events of September. The grid operator has suggested the alteration of water cooling laws, as well as increased procurement of resources.

Troubled thin film manufacturer Thin Film will see a 51% controlling stake in a hugely profitable hydropower project auctioned off after a move by creditors. Hanergy Thin Film owner Li Hejun’s Hanergy Mobile Energy business in China says it will be among the bidders.

The nation’s roofs could host up to 655 GWp of solar generation capacity a recent solar mapping exercise found. But a wider understanding of the benefits of solar, combined with incentives, would be required to unlock a potentially transformative energy development.