IFC to invest $25m in MENA renewable energy
The International Finance Corporation, a member of the World Bank Group, to steer the funds towards Alcazar Energy, a power company that will develop solar and wind projects in the region.
EU PVSEC and Intersolar Europe to join forces
Following speculation, Intersolar Europe and EU PVSEC will join forces in June 2016. The merger will see the Intersolar tradeshow and storage conference run concurently with, yet independently from, EU PVSEC’s R&D conference.
Germany: Energy storage opportunity for struggling PV installers
Germany’s solar PV installers are “struggling” to deal with a changing manufacturer landscape, says EuPD Research. Energy storage, however, may offer them new opportunities. The company also finds that homeowners without solar see it as a costly investment with little return expected. Official figures show a YoY small-scale installation decrease of around a third.
NRG, Ice Energy to roll out 25 MW of energy storage in California
NRG Energy Inc. and Ice Energy will roll out 25 MW of energy storage solutions in California. Up to 1,800 of Ice Energys thermal storage units are expected to be installed early next year.
Younicos to add 150 jobs in Germany, US
Younicos has announced it will double its workforce by 2017, adding new jobs in both Germany and the U.S., in response to the expected “exponential” growth in the energy storage market. Overall, the battery specialist has a 4 GW project pipeline.
Expert analysis: The solar storage story
Led by the charge of Teslas headline-hogging Powerwall announcement, the selection of storage technologies unveiled at this year’s Intersolar Europe was refreshingly innovative, says IHSs Sam Wilkinson.
US: Solar to account for 24% of cumulative microgrid capacity by 2020
A new GTM Research report estimates that the U.S. microgrid market will reach a cumulative capacity of around 2.8 GW in 2020. Of this, renewables are set to account for 26%, led by solar.
Canada issues ruling on anti-dumping case, final duties set
Following an investigation into Chinese companies importing solar PV products into Canada, the Canadian International Trade Tribunal (CITT) has ruled that dumping and subsidizing has taken place and, while this has not caused injury to the domestic market thus far, threats of injury are present. Final duties have been set for the next five years.
France storage project highlights cost journey facing batteries in Europe
Nice Grid pilot storage project by EDF’s power grid unit ERDF reveals that the economic model of storage technology is not yet viable across most of Europe’s main grids.
Hareon Solar signs 72 MW PV project deal in India
The Chinese solar company embarks on first solar project in India, entering into agreement with ReNew Power to develop a 72 MW solar farm in Andhra Pradesh.
