Storage

Report calls for decisive scale-up of investment to help solar supply a quarter of global energy by mid-century, slashing worldwide CO2 emissions by 4.9 gigatonnes in the process.

The French developer's solar business has grown 69% in the first nine months of 2019, generating nearly €90 million of revenue, while wind revenue has fallen.

The bloc's island territories can now learn from the experiences of six pilot projects in their attempts to transition to a clean energy network.

Costs have tumbled to such an extent that new-build LCOEs are catching up with marginal costs of non-renewables, says firm in update that finds storage is too becoming more competitive.

In other Golden State developments, LA City Council green lights 8minute's 400MW/1,200MWh solar-plus-storage hybrid, set to supply utility LADWP starting 2022.

Hevel bags EDB loan, Azure raises from Canadian shareholder, Grenergy in green bond debut, Mirova backs Corsican solar-plus-storage specialist.

The deal with the investor-owned public utility will further the German firm's ongoing efforts to reinvent itself as a renewables major.

The Utah-headquartered firm posts Q3 2019 installs of 65MW and hits cumulative 1.228GW as operational losses jump US$7.9m to US$13.8m year on year.

Retail giant and Silicon Valley firm say they have ‘resolved the issues’ raised by the former, which had linked rooftop blazes to Tesla’s alleged 'negligence’ with PV installs.

Colossal scheme planned for the Saemangeum Seawall dyke on the southwest coast was approved in July and will help South Korea meet its 20%-by-2030 green energy target.