Poland

Lift Energy Storage Technology is a proposed long-term storage solution that relies on elevators to bring solid masses to the tops of buildings in charging mode. It then lowers the same mass to produce electricity in discharge mode.

The latest global PV installer survey by Germany’s EUPD Research offers a hint of the solar brands which installers, mostly based in Europe, gravitate toward. This year’s report also ventured to South Africa and considered mounting systems for the first time.

The London-based international lender has provided finance for the “up to 286 MW” project alongside Poland’s two biggest retail banks.

International Finance Corp. has underwritten potential credit losses on part of a $730 million loan book held by the Polish operations of Santander, freeing up finance to be issued for more green projects, including renewables.

The Polish company has a PV project pipeline of over 1GW.

Called GC PowerNest, the battery has a storage capacity of 5kWh and a voltage of 51.2V. It is scalable in an eight-stack configuration, thus reaching a capacity of up to 40kWh.

Recent analysis from German consultancy Enervis has shown that only 40% of the electricity to be generated by solar capacity in Poland’s latest auction for utility scale renewables will be sold under the exercise’s contracts for difference regime, and that the remaining share will be sold under bilateral power purchase agreements or to the spot market.

With the Polish government planning to commission five gas power plants over the next five years, London-based thinktank Carbon Tracker has estimated just how costly the move will be, compared to deploying solar plants and energy storage instead.

The new feed-in tariffs range from NT4.0031 ($0.14) to NT5.8952 ($0.21) per kWh. PV systems of all types will be applied a grid tariff of NT0.0656 ($0.002)/kWh and the funds raised through this fee will be used to set up a PV module recycling scheme.