Analyst predicts 2030 bidding war for dead EV batteries
A lack of end-of-life batteries this decade is likely to play into the hands of Chinese recyclers located near most of the world’s production facilities, according to analyst WoodMac, but might at least help rebalance the current situation in which new products are cheaper than recycled ones.
Uganda turns to solar mini-grids to level-up its northern region
A spokesperson for London-based installer Winch said the subsidized, $0.29/kWh electricity the networks will offer to villagers is the lowest price for such a system anywhere in the world.
Bangladesh government signs up for 180 MW of solar electricity
The power development authority has signed 20-year electricity purchase deals relating to four solar projects and has awarded the highest price paid in the country to date for ‘clean’ energy, for an island-based system which includes battery storage and diesel generation.
German development bank allots fresh €49m for African mini-grids
A new foundation set up by KfW will offer grants to attract investment in a bid to offer more than 350,000 people access to clean electricity.
‘No limit to the number of mini grids which can be installed in Nigeria’
U.S.-based Husk Power Systems has installed six solar mini-grids in the West African nation and aims to build more than 500 by 2026 with the help of World Bank funding.
Brazil and Chile could lead charge to affordable green hydrogen
Falling electrolyzer costs driven by economies of scale, increased automation of production and the modularity of such systems will bring green hydrogen to a competitive cost with its fossil-fuel powered variants in a dozen markets by 2030, according to WoodMac.
IFC opens $1.8m credit line to get big DR Congo project over the line
A 100 MWac solar farm planned in the Katanga region will be boosted by an additional credit line after the International Finance Corporation and the British and Norwegian government-owned Globeleq came on board.
Chad’s first solar-plus-storage project secures funding
The development entity driving the first stage of a planned 60 MW solar plant has announced a doubling in the amount of borrowing secured for a project which was supposed to be operational in 2018.
Record solar numbers expected this year but IEA highlights pricing concern
The Paris-based body expects the world will have installed almost 160 GW of solar this year, a record number, but still not enough to keep the prospect of a net zero global economy by mid century in sight.
Forced sale of Shunfeng projects will remove biggest overdue debt
Creditor Chongqing, which has been owed more than $100 million by the embattled developer for 14 months, will force through a sale of 180 MW of solar capacity to a third party. Shunfeng had originally wanted to sell the projects to Chongqing six years ago.
