Battery storage market will be worth $13 billion by 2023
Analyst Globaldata says falling system prices, and the need for more resilient grids and favorable policies, continue to fire the energy storage industry around the globe and the Asia-Pacific region is likely to remain the biggest market.
The weekend read: Tapping new markets
The energy transition does not only change electricity generation, but ideally also how we consume. Electricity markets in Europe, however, must deal with legacy regulations that fail to incentivize ideal consumption patterns to reduce curtailment and make the best possible use of the renewable energy assets we have. The result is towering bills for ancillary services, that could easily be avoided with a few regulatory tweaks and virtual power plants.
Interview: Is Russia’s embrace of renewable energy a reality or a myth?
The superpower has always been seen as a fortress for oil and gas but positive signs are emerging from its renewable energy sector.
France sets second-quarter FITs for rooftop solar systems
The feed-in tariff granted reduces each quarter in line with how much solar capacity was installed in the previous three-month period and the drop will be felt more keenly in sun-rich Corsica and the nation’s overseas territories than on the mainland.
Italy and Tunisia revive plans for 600 MW interconnector
The power line, under development by Italian transmission company Terna and Tunisian gas and electricity group STEG since 2003, was originally conceived to export power generated in Tunisia to Italy but is now based on an electricity exchange in the opposite direction.
Gresham House eyes 182 MW storage portfolio in the UK
The asset manager has seen good returns on the 70 MW it has already acquired. Despite the U.K. government cutting subsidies for renewable energy, the fund manager believes the country will be a high growth market for storage.
Germany added 350 MW of new solar capacity in March
The strong growth registered in the first quarter of the year – when 1.27 GW of new PV was deployed – will prompt a 1.4% reduction in the FIT price for the three-month period up to July.
Renewables may be the victor in Spanish election
Although it is still unclear how the victorious Socialist Party will build a majority in parliament, listed Spanish energy companies such as Solaria and Audax saw the price of their shares rise significantly after the vote.
Scientists concentrate on efficient hydrogen production
Researchers from the Laboratory of Renewable Energy Science and Engineering at Switzerland’s Ecole Polytechnique Federale de Lausanne have developed a device which they say could “provide a pathway for device scalability aimed towards the large scale deployment of photo-electrochemical hydrogen production”.
Tenerife plans 350 MW of solar alongside 1 GWh storage
A new project is in line with the target of the Island Council of Tenerife to cover all electricity demand with renewable energy. The development of electromobility and storage is key to the ambition.
