Storage

A roundup of three solar PV project financing stories from Australia, Texas and California, with updates from Potentia Energy, Origis Energy and Baywa r.e.  

Slowing solar PV and energy storage installations in Europe risks “competitiveness and security at a pivotal moment”, according to the head of SolarPower Europe.

ACWA Power and Bapco Energies have signed an agreement to build a 2.8GW solar plant in Saudi Arabia, to be co-located with a BESS.

Norwegian renewable energy firm Scatec has signed equity deals for a massive solar-plus-storage project in Egypt and begun operations at a site in South Africa.

Spanish IPP Zelestra has signed an agreement to sell its 3.5GW Latin America renewables platform to Colombian natural gas firm Promigas.

WBS Power has sold the 150MW solar, 500MW/2,000MWh BESS Project Jupiter in Brandenburg, Germany, to investor Prime Capital.

High power prices and increased energy storage usage have led to a sharp increase in self-consumption of solar power in Germany since 2022, according to data from the Fraunhofer Institute for Solar Energy Systems (ISE).

Swiss electrification specialist ABB has acquired solar PV inverter and power conversion system (PCS) producer Gamesa Electric for an undisclosed sum.

Victoria's first state-owned solar-plus-storage project has reached a major construction milestone, with the installation of all 212,296 PV modules at the SEC Renewable Energy Park in Horsham, Australia.

LONGi has acquired system integrator PotisEdge, and plans to launch an ‘Energy Storage One-Stop Solution’.