ARENA backs deX project to deliver open-source digital marketplace coupling distributed solar-plus-storage and grid services
The Australian Renewable Energy Agency (ARENA) is providing $450,000 (US$346,000) towards the Decentralized Energy Exchange (deX) project, which aims to produce an open-source software platform on which grid services can be provided and monetized by distributed battery storage. A combination of Australian utilities, research bodies, and startups are collaborating on the $930,200 ($715,000) deX project.
Lightsource acquires 469 solar installations in the UK
The British solar developer has purchased 1.32 MW of residential solar PV installations from Ecos Solar Nine as it continues its pivot towards O&M and PV monitoring in the U.K.
Australia has 4.7 GW of large-scale solar in the works, finds new Climate Council report
Key findings of report point to “huge” year for large-scale solar in Australia in 2017, with 20 such plants to come online over the next 12 months. Globally, costs have dropped 58% in five years, with the world now sitting on 300 GW of installed PV capacity.
Confirmed: India to double solar park 2020 capacity goal to 40 GW
Target expanded to 50 solar parks, up from previous number of 34. Solar Energy Corporation of India will execute the projects in collaboration with state governments across the country.
SolarCity drags down Tesla’s Q4 results
The EV, battery and now solar company fell into the red in Q4 concurrent with the acquisition of SolarCity, as it begins making batteries at its Gigafactory and prepares for Model 3 roll-out.
Dai-Ichi Life, Japan Post Insurance start jointly financing PV
The two insurance firms have already provided ¥10 billion ($88.4 million) in project financing for an undisclosed solar project near Tokyo and another in the Tohoku region, on the northern end of the island of Honshu.
First Solar secures financing for 59.5 MW in Japan
Mizuho Bank arranged the ¥27 billion ($240 million) syndicated loan for the array in Ishikawa prefecture.
New York solar grows 795% in five years
The Empire State’s solar industry has attracted nearly $1.5 billion in private investment, putting its goal of producing 50% of its electricity from renewables by 2030 in reach.
Kong Sun forecasts 2016 net profit
The solar investment group will likely swing back to the black from a net loss of roughly 98.9 million yuan ($14.4 million) in the 12 months to December 31, 2015.
Leclanché storage pipeline grows to 450 MWh as 2016 revenue rises 56%
The Swiss vertically integrated storage solutions company reports 2016 annual revenues of $27.6 million and 2017 order backlog of 85 MWh of new utility-scale storage projects.
