New Jersey is the latest US state to set itself targets for the deployment of energy storage, with newly passed legislation calling for 600MW of the technology within three years.
The 50:50 JV named ‘EverSource Capital’ will manage an initial fund named the Green Growth Equity Fund (GGEF), which has the backing of the India and UK governments.
According to GTM Research, global solar PV installations are expected to surpass 104GW in 2018, despite the top four markets, including China, forecasted to decline collectively by 7%.
Indian prime minister Narendra Modi will visit the UK on 18 April during which he will welcome the European country to join the International Solar Alliance (ISA) as its newest member.
UPDATE: Major Indian solar EPC firm Mahindra Susten has put in the lowest bid for a solar and energy storage tender in the Andaman and Nicobar Islands for the second time, having seen its victory in the original auction torn away by authorities as they explored other sources of power generation.
Delhi-headquartered renewable energy firm Hero Future Energies has completed India’s first large-scale solar and wind energy hybrid project in the state of Karnataka. PV Tech reports from the inauguration and interviews Hero's chairman and managing director Rahul Munjal.
Standard & Poor's (S&P) has lauded the early performance of the solar assets it rates, ultimately concluding that operational risk in solar is “more benign” than other renewable technologies.
