Australian city will get 4 MW community battery as grid back-up
Queensland is in line for its first community-scale battery – to be installed on Townsville’s outskirts – because of the high number of rooftop solar systems and close proximity of electricity infrastructure. The energy storage system should be operating by the end of the year.
US presidential hopeful Kamala Harris supports Green New Deal
The California senator has joined former New York mayor Michael Bloomberg among the latest high-profile backers of a climate-jobs-infrastructure-social safety net concept, of which 100% renewable energy may be the least ambitious component.
Dubai funding commitments demonstrate rise of corporate solar
Two Emirati developers are celebrating landmark deals with a commercial and industrial focus as Yellow Door Energy secures $65 million to expand operations into new markets and Adenium – one of Yellow Door’s backers – prepares to operate the region’s first industrial self-consumption and net metering project.
First EBRD-financed slice of Benban project comes online
The 30 MW plant was developed by a consortium led by Infinity Solar Energy SAE – an Egyptian developer operating in Africa and the Middle East – with Germay’s ib vogt, investment vehicle MMID and private equity firm BPE Partners.
Shell Foundation and Rockefeller support $11bn African mini-grids fund
Crossboundary Energy Access – which claims to be the continent’s first mini-grid financing facility – wants to unlock $11 billion in private capital to bring energy to 100 million people in sub-Saharan Africa. Raising capital has been a struggle despite mini-grids being lauded as a solid solution for electrification.
Europe passes 500 TWh of renewables demand – but solar loses ground
The 2018 figures for the Guarantee of Origin (GO) certificate market show a marked growth in clean energy demand in Europe. Demand surpassed 500 TWh, while GO prices reached record levels. Solar GO, however, saw a slight fall.
Solar gains ground in Mongolia
A 10 MW solar facility in the Sumber Soum area of Mongolia’s southern Govisümber province has been connected to the grid. The project was financed by the Green Climate Fund and XacBank and takes Mongolia’s installed PV capacity to 35 MW. The pipeline of approved solar schemes has surpassed 700 MW.
US leads as the volume of corporate clean energy bought smashes record
Companies in the United States accounted for more than 60% of the clean energy deals signed by corporations worldwide last year, according to BloombergNEF. A proposed renewable portfolio standard for Chinese business, though, could turn the picture upside down in a year’s time.
Germany considers closing coal-fired power plants by 2038
German states with coal mining regions would receive a total of €40 billion from the federal government over 20 years for structural change under the terms of the Coal Commission’s proposal, while operators of coal-fired plants would receive compensation.
France to tender 17.2 GW of solar up to 2025
In France’s new energy strategy, the Macron administration has said how much will be allocated annually in tenders for ground-mount and rooftop PV projects over the next six years. In the best case scenario, France would have 44.5 GW of solar capacity by 2028, with renewables forecast to come in at up to 113 GW.
