Global Environment Facility along with ADB will provide $454 million funding to EESL clean energy projects
Energy Efficiency Services Limited EESL’s projects, under one of the largest funding by Global Environment Facility (GEF) to date, will mitigate 60 million tons of CO2 emissions. UN Environment’s ‘District Energy in Cities’ initiative already identified $600 million of energy efficiency projects across five cities in India.
Tennet, Sonnen start blockchain project for grid stabilization
The pilot phase will be implemented during a six-month period. Interconnected residential PV storage systems from Sonnen will be used to stabilize the power grid via blockchain.
Spanish PV could go merchant but market must change
José Donoso, the president of Madrid-based solar association UNEF, recently spoke to pv magazine about Spain’s latest renewable energy auction, under which 3.9 GW of solar was allocated. He also talked about the spot market, private PPAs and the ways in which future auctions can facilitate the further development of large-scale solar.
Malta launches incentive scheme for solar farms larger than 1 MW
With this new scheme, the Maltese government hopes to deploy around 50 MW of PV capacity over the next three years.
Chile’s auction concludes with average price of $32.5/MWh
The Chilean government has allocated approximately 600 MW of renewable energy capacity in the auction.
EBRD to provide financial assistance to International Solar Alliance
International Solar Alliance (ISA) and the European Bank for Reconstruction and Development (EBRD) have signed the joint financial partnership declaration to support solar energy projects developed under ISA programs.
India has installed 810 MW rooftop solar to date
The Indian government has achieved only 17% of the set targets for the 2017-18 financial year, which is just 2% of the goal of 40 GW grid-connected solar rooftops by 2022. MNRE will soon propose new schemes to improve the sector.
UK: Government survey shows strong public support for solar
Latest results from an ongoing public survey conducted by the British government show that support for solar and renewables is strong and growing across the country. Industry associations continue to call for better policies to support growth in renewable energy.
SunPower vows “sustainable profitability” by second half of 2018
The company also announced its next-generation NGT solar cells have entered the certification process, with planned production to begin in the third quarter of next year.
Tesla solar deployments plummet while energy storage rises
The nation’s largest residential PV installer deployed only 109 MW of solar during Q3, its lowest level in many years, but it did install 110 MWh of battery storage.
