Wärtsilä, Hyundai ink agreement on second-life EV batteries for grid storage – comment
Finnish-based energy-solution provider, Wärtsilä has signed an agreement with automobile producer, Hyundai Motor Group to establish a commercial partnership for the use of second-life electric vehicle (EV) batteries in storage solutions.
President Elect, GSC talks about new ISA partnership, plans for global solar promotion
In a significant development, two major international solar coalitions – the Global Solar Council (GSC) and the International Solar Alliance (ISA) – signed an MoU for the cooperation and collaboration of solar growth in all ISA-member countries. Pranav Mehta from the GSC talks to pv magazine about the move.
Off-grid in Australia: Unlimited Energy and Tesvolt discuss their award-winning project
German battery manufacturer, Tesvolt and EPC Unlimited Energy won the Smarter E award last week, for their innovative off-grid solar plus storage project in South Western Australia. The project demonstrates how solar can provide a reliable energy supply without back up from the grid, and why it is set to spread around the world even faster than many predict.
Suntech announces panel supply deal for Australia projects
Former manufacturing giant establishes a foothold in the promising Australian market, and says it is in talks with developer Biosar about supplying further modules for projects in the nation.
International investors provide $34 million for solar plant in Zambia
The Ngonye project proposed by Italian energy giant Enel Group and Zambia’s Industrial Development Corporation, will be financially underpinned by senior loans of up to $10 million from the International Finance Corporation, up to $12 million from IFC-Canada Climate Change Program and up to $11.75 million from the European Investment Bank.
Intersolar: Indian minister outlines plan to become global renewables leader
Underlining India’s commitment to becoming the global renewable energy leader, Shri Anand Kumar, Secretary of India’s Ministry of New and Renewable Energy, said the country plans 500 GW of capacity by 2030. He also underlined India’s plans for becoming a solar and storage manufacturing hub; and said the International Solar Alliance needs to widen its membership.
National Grid UK to receive ancillary services from 27MWh of storage capacity
ESB and Oersted UK independently announced this week they have acquired storage assets to deliver ancillary services to the UK grid operator.
Innogy to develop 440 MW solar pipeline in the US southeast
German-based Innogy SE’s US subsidiary will gain exclusive rights for the acquisition of 13 solar PV projects currently owned by Birdseye Renewable Energy LLC. The projects have a cumulative capacity of 440MW and are at various stages of development.
Is SoftBank’s $100 billion investment in Indian solar realistic?
While news of Japan’s SoftBank announcing up to USD 60-100 billion investment in India’s solar PV power generation is creating ripples across the industry circles, industry analysts feel that the committment sounds unrealistic in view of India’s current PV market status and future needs.
Fluence to deliver 60 MW battery capacity to UK Power Reserve
Citing the need for ancillary grid services, due to increasing amounts of variable renewable energy assets being installed in the U.K., the two comapnies are stressing the stability this project will bring to the country’s grid.
