Renewables with energy storage can help build low carbon energy networks in the developing world – but the twin technologies still face competition from natural gas while they gradually mature, according to an electric power systems maker and integrator.
Peru’s Ministry of Energy and Mines (MEM) has signed a 15-year investment contract with local power provider Ergon Peru SAC for the installation of 150,000 solar panels to provide electricity to remote areas of the country.
Off-grid renewables specialist Sunlabob Renewable Energy has secured a US$2.1 million investment from UK-based Truestone Global Impact Fund to fund its international expansion.
