Markets & Policy

The German energy supplier released its all-in-one PV panel, storage device, energy app, and green electricity tariff today, to rival other prominent solar energy storage products in Germany’s fast-growing battery market.

The reuse of batteries originally built for electric cars can offer up to 1000 GWh storage capacity worldwide by 2030, while driving further cost decline for solar and storage technologies.

Renewable power generation capacity grew by 152 GW in 2015, which, at 8.3%, is the highest increase ever recorded, predominately driven by huge capacity increases in Asia. Global solar capacity enjoyed unprecedented growth of 26% due to huge price drops in the technology.

The compromise bill has sped through both Houses, and now will go to Governor Charlie Baker’s desk. Under new regulations larger private solar installations will see compensation cut.

Mercom Capital’s Q1 solar funding and M&A report shows a crash in public market and debt markets, but ongoing growth in solar project funds and securitizations.

Encouraging PV performance in the country’s first Clean Energy Auction prompts GTM to revise its forecast; analysts now expect Mexico to add 646 MW of PV in 2016.

Industry associations including wind, solar, gas and storage sign declaration calling on EU to drive electricity market reforms this year that will deliver more flexible power markets and systems compatible with renewable energy and storage.

ABB and Welspun Energy have together installed about 700 MW of solar PV projects in India.

The Hawaiian utility embarks on pilot project using Varentec’s grid optimizers and management systems to test ways to minimize voltage fluctuations on island grids with high solar penetration.

The Chinese solar company strikes agreement with Tegnatia for delivery of its 60-cell and 72-cell polycrystalline modules ahead of the Solarex Exhibition to be held this week in Istanbul.