BNEF: Australia ties with Germany as fastest growing residential storage market
Australia is on the cusp of a residential battery storage boom. The Climate Council published the forecast last week in its Fully Charged: Renewables and Storage Powering Australia report. BNEF confirms with pv magazine that as a result of the rapid growth, Australia sits alongside Germany as the fastest growing market for residential battery storage.
Albania grants first two FITs licenses for PV projects up to 2 MW
The projects will be awarded a feed-in tariff (FIT) contract with a regulated tariff of €100/MWh.
UK: Ikea teams up with Big Clean Switch to promote clean energy
Swedish retail giant, Ikea is encouraging people to follow its lead by joining forces with the Big Clean Switch, in a bid to promote a 100% renewable electricity tariff.
State Grid of China’s offer to acquire Brazil’s CPFL Renovaveis judged too low
The renewable energy unit of the Brazilian power distributor, CPFL Energia is the largest shareholder in the country’s distributed solar energy business. The Initial Public Offering (IPO) from the Chinese utility, however, has been deemed too low by the Brazilian securities market authority.
Blockchain company raises $40 million to further develop energy trading platform
WePower is raising money in hopes of leveraging Bitcoin’s ‘blockchain’ technology to enable instant tracking and trading of clean electricity.
First Solar to build the largest solar plant in the US South
Georgia Power has awarded a power contract to the PV maker and developer under its latest solicitation. The project will utilize First Solar’s large-format Series 6 modules.
Storage Highlights countdown #5: Electrochaea’s scalable methanation plant
As Energy Storage Europe approaches, pv magazine counts down the five highest-ranked energy storage highlights, selected by our independent jury, that visitors to the exhibition can lay their eyes on. In fifth-place was Electrochaea’s scalable methanation plant: A rather quirky hydrogen-to-methane storage innovation that won plaudits for delivering large-scale power-to-gas capability.
India: Avaada Power to develop 1.6 GW of solar in Uttar Pradesh
Avaada Power Pvt Ltd has committed US$1.55 billion to develop solar PV projects in the state of Uttar Pradesh in India.
South Australia: Labor sets 75% RE target by 2025
The South Australian Labor Party has increased its Renewable Energy Target (RET) to 75% by 2025. It also plans to introduce a target of meeting 25% of the state’s peak electricity demand with stored renewables – equating to 750 MW of storage capacity.
BayWa r.e. plans 175 MW solar project in southern Spain
The company’s unit, Sunshine Latin has secured a permit and a fiscal incentive for the project from the municipality of Alcalá de Guadaíra, where the solar facility will be located.
