Powervault raises $1.1m in crowdfunding for its storage platform
The U.K.-based tech startup hopes to take on Tesla in the British home storage market, and has raised 700,000 pounds on investment crowdfunding platform Crowdcube.
Andalay Solar introduces SolarEdge-compatible modules
Solar panel producer develops module frame that can receive SolarEdge’s power optimizer, companies also to collaborate on DC Instant Connect solution.
Egypt unveils 50 MW PV project and 50 MW module fab
Egyptian Prime Minister Ibrahim Mehleb inaugurates 50 MW solar panel production facility at weekend, Italy’s Building Energy signs MoU for 50 MW solar projects in north of country.
Europe: High renewables production leads to plunging power prices
High levels of solar, wind and hydro production have led to a crash in the European prompt market, with average day-ahead electricity prices in May of EUR 25.30/MWh in Germany the lowest monthly average in 12 years says Platts.
SMA to capitalize on GW scale PV hybrid opportunities
SMA Solar Technology AG has set up a test center at its German headquarters to optimize PV diesel hybrid energy systems. Such applications are growing in importance, says the company, which estimates an annual global growth in the single digit GW range.
REC to enter African solar market amid 100 GW predictions
REC will enter solar markets in East and South Africa this year on the back of its expectations that 100 GW of solar PV will be installed there by 2030. As an initial step, three offices will be opened, most likely in Ghana, Kenya and South Africa.
Interview: Behind the New Energy Outlook 2015
Yesterday, Bloomberg New Energy Finance released its 2015 New Energy Outlook. In it solar PV was seen as a leading energy source for the future, however the pace of renewable energy deployment and the continuation of large coal-fired fleets over the next 25 years is sure to disappoint some. Jenny Chase is the head of solar analysis at BNEF and she spoke with pv magazine.
Honduras, Central America delivering demand to Yingli
Chinas Yingli will supply developer Sybac Solar with 40 MW of solar modules for two PV power plant projects in Honduras. This latest supply deal is the latest of a number that Yingli is delivering in the region, totaling around 100 MW.
BNEF: solar likely largest energy investment target 2015 2040
Solar will attract funding of around US$3.7 trillion of over the next 25 years, becoming the largest energy segment in terms of new investment. This is the key finding from Bloomberg New Energy Finance in its New Energy Outlook 2015 (NEO), published today, which estimates solar will generate 14% of the earths electricity by 2040.
Oxis to roll out Li-S energy storage batteries next year
Oxis Energy is gearing up to sell its energy storage batteries in 2016. The lithium sulfur (Li-S) battery developer, which unveiled a solar storage technology demonstration project in early June with Proinso, predicts a battery price of $250/kWh in 2020.
