Markets

Singapore-based renewable energy fund manager SC Oscar has purchased New Zealand solar project developer Rānui Generation as part of its strategy to build a portfolio of renewable energy assets in New Zealand and Australia.

The Happurg pumped storage plant was shut down in 2011 for safety reasons after the base of the upper reservoir was damaged. Uniper has carried out feasibility studies on the site, with a view to reconnecting it to the grid in 2028. The facility can store approximately 850 MWh of electricity in the form of pumped water.

At Intersolar Europe 2024, ESS News spoke with George Hilton, research and analysis manager at S&P Global, about the state of play in the battery energy storage supply chain and falling prices. According to Hilton, the overcapacity at every level of the supply chain has led to prices that are no longer sustainable for many market players. Meanwhile, technological innovation has led to an unprecedented variety of battery storage technologies on offer, and for a great number of markets the right time to jump in is now.

Enel Colombia’s total number of solar parks energized so far this year “represent more than 34% of the solar energy produced in the entire interconnected system of Colombia.”

As part of our Intersolar 2024 interview series, pv magazine spoke with Amy Fang, senior PV analyst at InfoLink Consulting, about new solar factories coming online and decreasing solar modules prices. She says the downward trend may continue until the first half of next year, with prices reaching $0.07/W, and estimates global module demand for this year could reach between 470 GW and 500 GW.

AGL Energy has teamed with solar panel recycler Elecsome to explore the development of a PV materials recovery facility at the site of the coal-fired Bayswater power plant in New South Wales, Australia.

Cleantech Solar says it has secured $102.5 million of long-term debt financing from Aseem Infrastructure Finance.

Partnerships with steel equipment producers in the US state of Ohio and two locations in Texas will enable Origami Solar to have its steel solar module frames shipped from fabricator to module manufacturer in one to two days.

Dutch developer Lion Storage has secured an irrevocable building permit for its 364 MW/1457 MWh battery energy storage project located in the Vlissingen port, in the southwestern Netherlands.

Three Gorges Energy has obtained $10.89 billion of funding for 2024. Its total installed renewable energy capacity exceeded 40 GW at the end of 2023, with total assets surpassing CNY 310 billion.