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Investment bank Citigroup is predicting a 240GW global battery storage market worth US$400 billion by 2030 as increased deployment creates a “virtuous circle” of falling costs.
Japan’s electric utility companies that had stopped considering applications for utility-scale solar look set to resume doing so, although projects will be subjected to stricter new rules.
Chilean authorities have received plans for an ambitious 600MW PV plant project which could be connected to a 300MW pumped hydro energy storage plant, from developer Valhalla Energy.
Swiss independent power producer Etrion Corp looks set to build a 25.9MW PV plant project in Chile, the latest to be planned for the Antofagasta region, after authorities gave the project their approval.
A Chilean developer is planning to construct a 205MW capacity PV plant which will require an investment of US$410 million, in a mountainous area near the capital, Santiago.
Vertically integrated solar power provider SunEdison and its ‘yield co’ subsidiary will build 85.2MW of UK PV across five plants, having secured financing from Santander and Bayerische Landesbank.
Japan is thought to have installed over 8GW of new photovoltaic (PV) generation capacity during 2014, according to analysis and research firm RTS PV.
The latest contender to challenge for the title of world’s largest merchant PV plant will be an 80MW project in the Antifagasto region of Chile to be built by Greenwood Energy.
A 1MWh battery developed by US manufacturer Aquion Energy and installed at a private estate in Hawaii will allow the area’s residents to meet almost all of their electricity demand with power generated from a connected solar array.
California governor, Jerry Brown, has made an ambitious pledge for the state to be 50% powered by renewable energy within 15 years, in a speech given on Monday as he was sworn into office for a record fourth term.
Renewable energy developer Enel Green Power has announced the completion and connection of three photovoltaic (PV) power plant projects in Chile totalling 136MW of generation capacity.
A community-owned utility company in California is preparing to install a large-scale battery system that could enable the addition of around 50MW of solar generation capacity to the local grid.
Norwegian integrated PV power services company Scatec Solar has closed project financing on a 104MW project in the US state of Utah, with an estimated US$188 million to be invested in the construction of the plant.
Two prominent ‘yield co’ investment vehicles, one in the UK and the other in the US, have in the past few days agreed to acquire over 100MW of additional solar generation capacity.
Kyocera Corporation is to develop a 13.4MW floating solar power plant in Japan.