IFC says green recovery could drive $2.5tn renewables market this decade
The private-sector arm of the World Bank, which claims to leverage $3 of its own capital and $8 from third parties for every dollar invested in its blended finance funds, has attempted to quantify what devoting Covid recovery funds to green investment would mean for emerging economies.
Puerto Rico awaits procurements to add 3.75 GW solar, 1.5 GW storage
Puerto Rican regulators have ordered PREPA to procure solar and storage, but the utility’s board chairman says that the island’s grid can support only a fraction of the mandated amount.
New phased microgrid approach for industrial-estate development
Peel Renewable Energy is about to energize a 1.2 MW solar farm in Australia, as part of a fresh approach to microgrids. Infrastructure remains small, but the renewables-powered microgrid can grow to meet the needs of incoming businesses.
Total, Hanwha Group to build 1.6 GW of solar, storage in US market
French energy giant Total called the 50:50 joint venture a “first significant step” into the U.S. utility-scale solar market.
Complementary hybrid PV systems can reduce reliance on storage
Looking back over years of research into the topic of hybrid systems based on different combinations of solar, wind, hydro and other renewables, an international group of scientists found strong potential for strategies to exploit complementarity between the different sources integrate more intermittent renewables onto regional and national grids. The scientists present a series of conclusions and recommendations that aim to push research in hybrid renewables forward.
Canada Infrastructure Bank unveils plan for 250 MW/1,000 MWh storage project
The Canada Infrastructure Bank (CIB) and Oneida Energy Storage LP, a joint venture between NRStor and Six Nations of the Grand River Development Corp., have signed a memorandum of understanding for the Oneida Energy Storage project in Ontario.
Seawater aqueous battery based on alloy of zinc and manganese
Scientists in the United States developed a new anode for aqueous batteries. A working battery utilizing this anode, with seawater as an electrolyte, demonstrated impressive energy density, and remained stable after 1,000 hours of high current cycling. The group is already discussing the potential of their approach in large-scale manufacturing.
Engie, Neoen plan 1 GW solar-plus-storage project in France
The two French companies have announced Horizeo, a massive project that includes a solar plant, battery storage, a green hydrogen production unit, a data center, and an agrivoltaic facility. The huge project is scheduled for completion in 2026.
Chinese PV Industry Brief: Jinko begins work on 20 GW cell factory
The solar cell manufacturing facility, located in China’s Yunnan Province, is expected to raise Jinko’s cell capacity to 30 GW by the end of 2021.
Neoen plans 500 MW / 1000 MWh battery in Australia
Neoen Australia has filed planning documents for a 500 MW / 1000 MWh big battery to be built west of Sydney.
