PV+storage opportunity looms in Asia-Pacific region: WoodMac
Solar-plus-storage could be competitive against gas peaking power plants in Australia within the next five years, as the average solar-plus-storage LCOE across the Asia-Pacific region is set to fall from $133/MWh this year to $101/MWh by 2023, according to a newly released research report.
Global cumulative PV capacity may reach 1.3 TW in 2023, SolarPower Europe says
The European solar trade body expects 128 GW of new PV capacity in 2019, with China likely to bring around 43 GW online and Europe experiencing enough demand to deploy about 20.4 GW. In 2020, global solar demand is expected to reach 144 GW, while in the following three years new PV additions are forecast to total 158 GW, 169 GW and 180 GW, respectively.
Moixa secures $11.1m in Honda-led funding round
Moixa has wrapped up an £8.6 million funding round led by Honda. The U.K. smart battery specialist will use the funds to finance the global expansion of its business managing residential battery systems, electric vehicles and smart charging facilities, as well as the aggregation of battery capacity for grid services.
Eswatini, formerly Swaziland, launches call for 40 MW of solar
The Kingdom of Eswatini, formerly known as Swaziland, has began the procurement process for 40 MW of PV capacity. The projects, which will be assigned by 2020, will also include 40 MW of biomass. The new capacity will make the kingdom less dependent on power imports from South African utility Eskom, which currently faces a financial and operational crisis.
65 MW project connects to the grid in Malaysia
Norwegian-headquartered developer Scatec Solar has announced the start of commercial operations for the Jasin Solar Plant, the second of three 65 MW projects the company is working on in Malaysia as part of a consortium led by engineering firm ITRAMAS.
Modi government propelled India’s renewables growth: CEO survey
In a recent survey, an overwhelming 73% of respondents said they remain upbeat about India’s renewable growth prospects, despite recent policy reversals and various other operational challenges the industry faces.
SunPower could break into the black this quarter
The high efficiency PV maker may be hot on the tail of its golden goose, with demand outweighing supply for the company’s new A-Series and P-Series modules. And now that retooling is over, it’s time to sell.
Germany’s Umweltbank offers standardized financing for solar PPAs
The sustainable projects lender wants to become a pioneer in the financing of unsubsidized PV ground mounted systems. The loans have a term of 25 years and operators need a PPA with at least five years’ maturity at a fixed price.
Luxembourg raises solar FITs
For installations with a generation capacity of less than 10 kW, the feed-in tariff will rise 36% to €0.165/kWh and all installations below 500 kW are set to benefit from an improved regulatory framework.
Sonnen starts shipping batteries made in South Australia to New Zealand
The German energy storage provider has begun shipping batteries made in the former Holden factory in the north of Adelaide to New Zealand. Sonnen batteries will be available exclusively through the manufacturer’s local partner, Taspac Energy.
