NextEnergy Capital Group has secured a £100 million credit line from Spanish lender Santander as it aims to connect the U.K.’s largest solar plant to the grid this year.
U.S. thinktank the Institute for Energy Economics and Financial Analysis says the nation should reorder its power network to harness cheap, modular renewables after existing power station overcapacity was worsened by plunging electricity demand during the Covid-19 shutdown.
The state-owned construction business which saved Singyes Solar with a US$200 million bail-out is now preparing to invest in a 75% stake in debt-saddled peer China Solar, whose shares have been unlisted since August 2013.
German startup Sinn Power has combined wave, wind and solar power to create what it claims is the world’s “first floating ocean hybrid platform.”
The Chinese manufacturer has not revealed the price of its new ‘ultra-high power’ products, nor whether the power output claims associated with them have been independently verified, but claimed the 78-piece module in the series could generate ‘very close to 600 W.’
MIT scientists have suggested used electric vehicle batteries could offer a more viable business case than purpose-built systems for the storage of grid scale solar power in California. Such ‘second life’ EV batteries, may cost only 60% of their original purchase price to deploy and can be effectively aggregated for industrial scale storage even if they have declined to 80% of their original capacity.
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