Cox Energy finalizes acquisition of Abengoa
Cox Energy secured the assets of Abengoa in April 2023. Abengoa began insolvency proceedings for its main business unit in May 2022.
Turnkey solution for self-sufficient electricity, heat supply from hydrogen
Germany-based Ostermeier H2ydrogen Solutions has developed a containerized solution to produce heat and hot water from hydrogen. It includes a photovoltaic inverter, a battery, a heat pump, a heat and cold buffer storage system, an electrolyzer, a compressor, and a fuel cell.
Tata Power secures PPAs for 350 MW of solar projects
Tata Power Renewable Energy will develop 200 MW and 150 MW solar projects for Maharashtra State Electricity Distribution Co. Ltd (MSEDCL). The installations will be located in the Indian state of Maharashtra.
Australian startup builds production line for thermal energy storage blocks
Australia-based MGA Thermal has secured AUD 8.25 million ($5.39 million) from domestic and international investors as it gears up for commercial-scale production of its thermal long-duration energy storage solution.
Energy Vault completes 25 MW/100 MWh gravity-based storage facility in China
Energy Vault has started commissioning a 25 MW/100 MWh energy storage facility adjacent to a wind power facility near Shanghai.
South Africa closes in on 4.41 GW of rooftop solar capacity
News statistics from South African utility Eskom show that the country added 1.82 GW of new distributed-generation PV capacity in the first six months of this year. However, PV analyst Chris Ahlfedlt warns that the published numbers could also include some utility-scale projects.
JSW Steel to use green hydrogen to make steel in India
JSW Energy says it plans to set up a green hydrogen plant with an annual capacity of 3,800 tons to supply steel to JSW Steel, driven by 25 MW of renewable energy.
Australian island shifts to renewables with completion of 1.5 MW solar farm
The completion of a new 1.5 MW solar farm has brought Tasmania’s King Island closer to achieving a permanent shift to 100% renewable energy.
Romania resumes development of 1 GW pumped hydropower project
Romania is resuming the development of the Tarniţa Lăpuşteşti pumped hydro storage project, with a planned capacity of 500 MW to 1 GW. It will be the first installation of its kind in the country.
New methodology to avoid mispricing the value of PV projects
A new process is described as a tool to assess the value of deferring, relocating, or abandoning PV projects under development in uncertain market conditions. It reportedly allows accommodating different sources of uncertainties with different stochastic features, as well as accounting for the various managerial flexibilities embedded in most solar projects.
