Markets & Policy

The smart battery storage supplier has launched a 35 MWh cluster in Japan. This could grow to over 100 MWh within a year, says Moixa.

Tesla energy storage deployments grew 18% and storage deployments grew 11%, as the EV + battery + solar company achieves its a long-awaited quarterly profit on the success of its Model 3.

A much talked about concept, but the final step into market operationality has not been done – yet. Nissan, The Mobility House, and Enervie have joined forces to allow Nissan Leaf’s to provide frequency control to a distribution grid in Germany. The concept has received permission to pursue its plans, and for corporate customers it will be ready for adoption as of 2019.

Despite political hurdles in key markets including China, India and Japan, Asia remains highly active. This year, 59 GW of solar is expected to be installed and due to further system price declines, a phase-out of subsidy schemes can be offset.

Poly manufacturer and developer raises another $44m to pay down its huge debt pile after selling an 80% stake in two solar projects in its homeland.

Construction has begun on three solar plants in the Extremadura region, with a total capacity of 127 MW. The projects – expected to be in operation by the end of 2019 – were awarded to Enel in Spain’s third renewables auction, and involve a total investment of close to €100 million.

The Norwegian polysilicon producer posted an EBITDA loss of $6.1 million for the third quarter of 2018, as it continues to struggle with low demand and prices. Revenue for the company’s solar materials segment fell almost 70% on the previous quarter.

The struggling Chinese manufacturer has withdrawn its appeal against a Chinese court decision it must repay medium term notes it failed to honor in 2015 and 2016. Yingli is struggling to stay afloat after a series of disastrous financial updates.

Swedish battery supplier Northvolt has announced plans for a manufacturing plant in Gdansk, Poland. The company says that the plant will have an initial capacity of 10,000 battery modules per year and will begin production in 2019.

The Chinese manufacturer – which is gambling on a big rebound in global appetite for the raw material for PV panels materializing soon – will devote all of its $143m solar subsidy income to paying off a daunting amount of borrowing.