Spain: Solar generates 6.8% of summer energy mix, 'sun tax' fears remain
Summer in Spain is not totally gone and the Mediterranean sun continues to shine strongly, yet the country’s solar PV and solar thermal sectors are feeling anxious.
NRG spins off its renewable energy business
NRG cites the need for its clean energy business to be nimble, lower cost, and cash sensitive, and will limit it to US$125 million in funding. NRG’s GreenCo will be a separate business by the beginning of 2016.
Mercom Capital maintains its 2015 global solar forecast of 57.4 GW
Mercom Capital says that despite macroeconomic concerns in China, it expects a strong finish to 2015, with demand also remaining robust in Japan and the United States.
Colorful London Mayor rounds on UK government's solar cuts
Boris Johnson speaks of his concern at proposals by the Conservative government to slash the FIT by up to 87%; comments win backing of green politicians and industry.
FPL expanding solar in Sunshine State
The Florida utility company is set to triple its existing solar capacity by the end of 2016 with three new large-scale installations in the state.
CED acquires 50% stake in 335 MW Californian PV plant
ConEdison Development (CED) has acquired a 50% stake in a 335 MW DC solar PV plant, located in San Benito County, California. Construction on the large-scale project is scheduled to commence by the end of the year.
Australia: AGL's 53 MW PV plant begins operations
The first 26 MW of AGL Energy Limited’s Broken Hill solar PV plant in Australia has begun operations. The full 53 MW is expected to be online by the end of the year.
Phoenix Solar cuts profit target
The cancelation of a major PV project in Asia has forced the German company to lower its earnings forecast. Nevertheless, Phoenix Solar’s free order backlog far exceeds 2014 levels.
SolarReserve receives CSP SunShot award, to advance storage technology
SolarReserve LLC has received an award from the U.S. Department of Energy under the SunShot Initiative to advance its CSP technology. With the help of a US$2.4 million grant, the company aims to improve its molten salt energy storage capabilities.
Utility-scale battery storage to reach 12 GW, $8.44 billion by 2024
Utility-scale grid connected battery storage is set to reach up to 12 GW by 2024, while annual revenues will grow to around US$8.44 billion. The U.S. will be a leader, followed by China, Japan and Germany. Despite an overall positive outlook, there are significant market challenges to overcome. These are the findings of a new report by Frost & Sullivan.
