Energy storage start-up Stem says it sees a “strong opportunity” for expansion of its business in Australia, Japan and the EU and is especially focused on the potential of aggregated 'virtual power plants', in the week when the company closed a US$12 million funding round led by Japanese trading company Mitsui & Co.
Bundling a number of solar power generation assets into one investment fund through so-called ‘yieldcos’ is lowering the cost of renewables, while the yieldco market itself is expected to experience substantial growth in the next few years, an investment banker has said.
An agreement to construct 1,000MW of solar power generation capacity has been made between Chinese PV module manufacturer Risen Energy Co. and the local governments of Wuhai City and Haibowan district, Inner Mongolia, as well as a further 200MW module supply deal.
Japan’s largest solar farm to date will be supplied with around 116MW of modules from vertically integrated Chinese tier-one manufacturer and project developer Trina Solar, it was announced this morning.
Arizona’s largest public utility company is seeking the green light to significantly raise fees levied on households with rooftop solar systems to help pay for the local grid network.
Research into energy storage and related technologies has been given a boost in the US in the past few days, with a major utility company committing funding in Indiana for renewables integration and New York’s governor announcing the creation of a research facility.
The UK has experienced its annual surge of activity for developers to complete and connect solar farm projects in time to receive financial support under a scheme that has now partially expired.
Extreme weather patterns could be behind a disparity in power generation from the East and West Coasts of the US, with the East underperforming expectations last year, according to a new report.
One of Japan’s largest trading companies, Marubeni, which is already involved in both upstream and downstream sectors of PV industry, has entered the domestic market for residential solar.
Solar power systems serving an oilfield in Qatar will be fitted with utility-scale energy storage batteries, helping to ensure the continuity of operations at 775 oil wells.
