Markets & Finance

A standalone Investment Tax Credit (ITC) for energy storage in the US holds the potential to be more immediate and impactful than any other policy, the head of the US national Energy Storage Association has said.

The projects, which will be operated by First Solar's operations and maintenance arm once commissioned next year, are contracted to provide power to Facebook's data centres via a PPA with PacifiCorp.

Distributed Solar Development (DSD), a business backed by BlackRock Real Assets’ Global Renewable Power platform and GE Renewable Energy, has closed on a US$250 million fund financed by Morgan Stanley, Silicon Valley Bank and Fifth Third Bank that will be utilised to fund a portfolio of distributed generation projects through 2020.

Recognition at event in Penang finds module maker in midst of geographic repositioning, with plans to earmark four-fifths of its 2019 shipments to markets beyond China.

Hevel fires up 1MW of rooftop and ground-mounted PV at a state-managed oil refinery in southern Russia, while Photon interconnects 6.9GWh to Hungary grid and receives 13.6MW of PV solar modules from Jinko.

The plant will reduce two gold mines' reliance on thermal power and is the latest in a string of solar projects recently unveiled by mining companies.

UPDATE: Second attempt at auction hailed for significantly raising renewables deployment trajectory.

Analyst welcomes land solution of renewables capacities in border states but questions transmission, security and scale.

Lightsource BP has signed financing agreements to develop its maiden utility-scale solar project in Australia.

Red hot solar destination Spain is struggling to meet European target deadlines and hopes to maintain long-term vision.