While solar is lauded as a cheap energy resource in OECD countries, the cost of financing PV projects in developing nations has impeded progress. Development banks and the Clean Technology Fund they finance have played a key role in providing access to cheap financing for clean energy projects in many markets.
That was the one of the main conclusions reached among 400 attendees at the Solar plants in Spain: development, financing and energy future conference, organized by Soltec and PV association UNEF in Madrid this week.
IHS Markit’s analysts have mapped out what they are keeping an eye out for in the year ahead. Aside from higher installation figures, the number-crunchers predict a continued battle for multi-function in the hard-fought inverter segment and a potential watershed year for utility-scale storage.
The legislation would enshrine a customer’s right to generate and store electricity as well as to connect to the grid without undue burden and would provide freedom from discriminatory fees and set compensation for battery power exports.
The International Renewable Energy Agency has examined how common ground between sectors; digitalization; and technological innovation can transform the energy system and lower the cost of renewables. Storage technologies such as behind-the-meter applications, utility-scale storage and power-to-x are working in the right direction and much can be learned about digitalization from other sectors.
A few weeks out from the Energy Storage Europe conference and pv magazine is featuring the top ten developments in the field as our Energy Storage Highlights, selected by an independent jury of experts. Yesterday, we presented a ’70s revival of a ceramic high temperature battery.
Projects not encompassed by the new, central-subsidy-free, ‘grid-parity’ regime will be eligible to bid for a government subsidy. But, at a reported $446 million, the pot is not very big.
The two nations have signed a memorandum of understanding to build a third power link connecting their electricity systems. The news will again initiate hope for the transfer of solar energy from Africa to Europe, but is that hope justified?
Some 377 households and a retirement home are participating in a pilot project. In the first two weeks of this month, solar power generators sold 82% of their electricity within the neighborhood. The goal of the one-year test run is to develop a viable concept for the local marketing of solar power.
With its investment, the energy company has broadened its portfolio of ways to help customers save on energy bills. There are multiple energy companies pursuing similar goals at the moment as distributed generation and storage solutions require utilities to find new business models; not the least to avoid grid expansion costs.
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