UK utility to add storage at water treatment sites
Driven by the ambition to reduce costumer bills, Northumbria Water is turning its head to storage systems for peak shedding and uninterrupted power supply. The MW-scale storage project will use second-life EV batteries from Renault.
Zola receives $32.5 million for expansion in Tanzania
Zola Electric has received financial backing worth $32.5 million from social investment firm Symbiotics and the Dutch development bank FMO. The lending facility will be used to grow Zola’s operations in Tanzania over the following five years.
Renewables to account for 38% of Germany’s 2018 gross electricity consumption
The figure released by German industry associations BDEW and ZSW shows that no technology has grown as much as solar PV. Indeed, they say production increased 18% year-on-year. Overall, wind energy remains the largest producer of renewables, with annual growth of 7% over 2017.
EBRD unveils new energy strategy without coal or oil, looks to mobilize €1 billion in private sector capital
The European Bank for Reconstruction and Development yesterday unveiled its new energy sector strategy, which aims to ramp up renewables investment, while moving away from coal and oil. Gas will still remain a focus, however. It has also announced this week, plans for a €250 million green bond framework, through which it hopes to double the issuance of green/sustainability bonds in its active regions; and mobilize €1 billion in private sector investment over the next three years.
275 MW solar+100 MWh storage at Darlington Point, Australia get regulatory nod
The New South Wales Department of Planning and Environment has given the green light to a massive solar farm coupled with a utility-scale energy storage facility. The Australian project proposed by Edify Energy is valued at AU$407 million.
US: Tariffs bite Q3 solar market
Wood Mackenzie and SEIA’s latest Solar Market Insight report shows a big fall in utility-scale project completions from July through the end of September, but the promise of a massive fourth quarter.
EnerGaïa: Solar will be main pillar of France’s energy transition
The French renewable energy fair confirmed the central role of solar in the country’s energy transition. Despite the current difficult political situation, the event attracted more visitor and exhibitor numbers than ever. Read on to discover the four key takeaways from this year’s EnerGaïa.
COP24 live blog – Day 4
Max Hall is back on the solar beat at COP24 in Katowice on behalf of pv magazine, prowling the corridors trying to establish whether the world’s politicians can unite to stave off catastrophic global warming.
New renewable funding mechanisms higlighted for China – report
In light of the massive Renewable Energy Development Fund deficit, China is looking for new ways to support the further deployment of renewables. German Energy Agency, Dena has prepared a new report, detailing how the country can move away from FITs to a more sustainable financing framework. Overall, it points to the increasing importance of auctions; and discusses how the right policy design can improve the cost competitiveness of renewable energies.
Swiss fintech startup builds platform for post-tariff renewable energy markets
As renewable energy subsidies slowly evaporate, managing risks and securing revenue streams is becoming increasingly complex for investors. Pexapark is looking to address this helping companies transact PPAs and manage energy sales.
