India launches 2.4 GW of renewables tenders
Solar Energy Corp. of India (SECI) has kicked off 2.4 GW of renewables tenders, including a 1.2 GW procurement exercise and a 1.2 GW round.
Poland’s new capacity market auction could hamper storage deployment
The draft parameters for this year’s capacity market auction in Poland could make the rollout of battery energy storage systems (BESS) much more difficult. The document proposes a significant reduction to the BESS derating factor that could be particularly harmful for longer duration storage systems.
Long-duration energy storage poised to outcompete lithium-ion batteries
While most long-duration energy storage (LDES) technologies are still early-stage and costly compared to lithium-ion batteries, some have already or are set to achieve lower costs for longer durations, finds BloombergNEF.
Apricus Generation buys stake in Nexus Renewables
US-headquartered Apricus Generation says it has acquired a controlling stake in Toronto-based Nexus Renewables – its first strategic acquisition.
Texas leads VPP adoption with deregulated market
Texas is uniquely suited to adopt virtual power plant (VPP) technology due to its competitive, deregulated market. Its success highlights the “perverse incentive” of vertically integrated utilities in other US states to make capital expenditures without discretion to raise profits.
Australian developer plans 2 GW renewables project
Squadron Energy has filed documents with the state government of New South Wales, Australia, in a forward step on its proposed 2 GW Koorakee Energy Park, which will include a 1 GW solar farm and 1 GW of wind energy, backed by a 1 GW/12 GWh battery energy storage system.
Uzbekistan to build its first big battery
Nur Bukhara Solar PV LLC FE, a project company owned by Masdar, will deliver a 63 MW battery energy storage system alongside a 250 MW solar plant in south-central Uzbekistan.
Svolt abandons plans to open battery factory in Germany
Chinese battery manufacturer Svolt has cancelled plans to open a plant in the German state of Brandenburg. Meanwhile, its plans for cell production in Saarland, southwest Germany, continue to be delayed.
The prospects for battery investment in Germany
Merger and acquisition (M&A) activity has been heating up in Germany but increased competition and high interest rates are affecting renewables project values. Baris Serifsoy, partner at GreenCap Partners, examines the investment landscape in one of the world’s most developed PV markets.
Solarwatt shuts down battery factory in Germany
Solarwatt says it will shut down its battery factory in Germany. Battery production at the Dresden facility will halt at the end of this year, and the company will move all battery and solar panel production to China.
