New research predicts the energy storage market in Germany will increase 11-fold in the next five years, with the residential market buoyed by declining feed-in tariffs, high electricity prices and €30 million in subsidies, while the primary reserve market boosts activity within the utilities sector.
China-based major EPC firm TBEA Sunoasis has signed a memorandum of understanding (MOU) with two Egyptian government agencies to build two 500MW PV power plants in the country.
Independent power producer (IPP) Sonnedix has reached commercial operation on an 86MW solar PV plant in South Africa, after only 17 months of construction.
Australia’s newly appointed energy minister Josh Frydenburg has said the extreme fluctuations in South Australia’s electricity tariffs should be blamed on a number of factors not just renewables, in a filmed interview with Australian news outlet ABC.
GoodWe has extended the three-phase inverter with dual MPP tracker ‘Smart DT’ series range to accommodate a wider number of residential and small-scale commercial applications with three additional models: 8kW, 9kW and 10kW versions to be added to the 4-6kW original range.
The Solar Energy Industries Association (SEIA) has dismissed Fitch warnings that proposed net metering could damage the creditworthiness of utilities as “old news and bad analysis”.
Australian investment manager QIC is to invest AU$800 million (US$598 million) and power firm AGL is to provide AU$200 million of cornerstone equity for a major partnership in the development of large-scale renewable energy infrastructure in Australia.
Australia-based renewables firm Windlab and Japan’s Eurus energy have received development approval for a hybrid project comprising 20MW solar, 30MW wind and a 2MW lithium-ion battery storage system in Queensland, Australia.
