Electric vehicle adoption in India will be led by three-wheelers
Electric vehicles will account for 65-75% of new three-wheeler (3W) sales by 2030. Intra-city transport buses will see 25-40% EV penetration and two-wheelers 25-35%. In four-wheeler passenger vehicles, the market will be driven by shared mobility, while just 10-15% of new car sales for personal mobility will be electric.
Giant battery to unlock Australian renewables
The Australian state of Victoria is on track to host one of the world’s largest lithium-ion batteries. The 300 MW/450 MWh Victoria Big Battery will be constructed on the outskirts of Geelong.
Voltalia buys 70% stake in four Jordan PV plants
The French renewable energy developer has agreed to acquire a 70% interest in four plants totaling 57 MW. The facilities were built by Voltalia itself between 2015 and 2016.
South African telecommunications group wants to deploy 175 MW of PV in Africa
Econet wants to build commercial and industrial PV systems across its homeland, Kenya, Zambia and the Democratic Republic of Congo. South Africa-based investment firm Royal Bafokeng Holdings (RBH) has made a $20 million equity investment in these projects.
New algorithm to connect solar parks to substations
Spanish PV software specialist RatedPower has developed a new algorithm that purportedly offers a way to efficiently design grid interconnections.
Iberdrola adding PV to combined-cycle power plants
Energy giant Iberdrola plans to install 32.5 MW of solar at its combined-cycle power plants in Spain.
Tokyo Gas issues green bond to fund acquisition of 694 MW of PV
The Japanese gas provider wants to acquire a 63.2 MW solar plant in Japan and a 631 MW PV facility in the United States. It has issued a JPY 10 billion ($95.9 million) green bond to finance these transactions and support its other operations.
Eswatini launches tender to deploy PV plant at international airport
The selected independent power producer will be awarded a 20-year PPA. The tendered solar plant will have a minimum capacity of 850 kW.
Spain to hold renewables auction this year
The Spanish government has introduced new rules to procure renewables via auctions. It will hold its third auction by the end of this year.
Mongolia seeks EPC contractors for 10 MW solar plant
The solar project, located in Altai, is being developed with the financial support of the Asian Development Bank (ADB).
