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Solar and storage show steady growth as Tesla finally turns a profit

Tesla energy storage deployments grew 18% and storage deployments grew 11%, as the EV + battery + solar company achieves its a long-awaited quarterly profit on the success of its Model 3.

V2G frequency control launched in Germany

A much talked about concept, but the final step into market operationality has not been done – yet. Nissan, The Mobility House, and Enervie have joined forces to allow Nissan Leaf’s to provide frequency control to a distribution grid in Germany. The concept has received permission to pursue its plans, and for corporate customers it will be ready for adoption as of 2019.

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Asian market to see 355 GW of solar over five years, despite policy challenges

Despite political hurdles in key markets including China, India and Japan, Asia remains highly active. This year, 59 GW of solar is expected to be installed and due to further system price declines, a phase-out of subsidy schemes can be offset.

GCL sells off stake in 160 MW of Chinese PV projects

Poly manufacturer and developer raises another $44m to pay down its huge debt pile after selling an 80% stake in two solar projects in its homeland.

Enel begins construction on 127 MW of PV in Spain

Construction has begun on three solar plants in the Extremadura region, with a total capacity of 127 MW. The projects – expected to be in operation by the end of 2019 – were awarded to Enel in Spain’s third renewables auction, and involve a total investment of close to €100 million.

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REC Silicon posts loss for second quarter running amid poly market slump

The Norwegian polysilicon producer posted an EBITDA loss of $6.1 million for the third quarter of 2018, as it continues to struggle with low demand and prices. Revenue for the company’s solar materials segment fell almost 70% on the previous quarter.

Yingli backs down in $9.5m unsettled notes case

The struggling Chinese manufacturer has withdrawn its appeal against a Chinese court decision it must repay medium term notes it failed to honor in 2015 and 2016. Yingli is struggling to stay afloat after a series of disastrous financial updates.

Australia unveils another big battery

The 30 MW/30 MWh Ballarat Battery Energy Storage System, the first big battery brought online in the state of Victoria, has been officially commissioned by the Victorian Labor government, as the first of the two grid-scale batteries that will provide support to the state’s grid by the start of this summer Down Under.

Northvolt to open battery assembly plant in Poland

Swedish battery supplier Northvolt has announced plans for a manufacturing plant in Gdansk, Poland. The company says that the plant will have an initial capacity of 10,000 battery modules per year and will begin production in 2019.

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Oil company’s lubricant factory goes 100% solar in Dubai

Dubai’s ENOC announced it has completed the construction of a rooftop solar array on its lubricants manufacturing plant in Dubai. The array can cover the complete power demand of the factory. This is not the first time the oil company has turned its head towards solar PV to power its facilities. Already nine petrol stations are equipped with solar canopies for 100% green energy supply, with the company vowing to equip all future petrol stations with such canopies.

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