Storage

The Spanish Ministry of Ecological Transition (MITECO) has published the regulatory basis for the €750 million (US$812 million) incentive scheme for renewables and storage manufacturing.

AEMO says projects seeking to connect to the National Electricity Market (NEM) in Australia rose to 43GW in June 2024, a 43% increase YoY.

Ark Energy, a renewable energy developer, has submitted a development application for a 500MW solar-plus-storage project in Myrtle Creek, in north New South Wales, Australia.

Fortis Energy has acquired a 180MWac solar project in Serbia, with plans to add a battery energy storage system (BESS) to the facility.

The latest Firm Dispatchable Renewable Energy (FDRE) tender, hosted by the Solar Energy Corporation of India (SECI), has selected winners.

Masdar would acquire a minority stake in Enel Green Power Spain Solar which owns an operational solar PV portfolio of 2GW in Spain.

Uzbekistan will be the first country to benefit from the credit facility with the construction of a solar-plus-storage project in Bukhara.

Frontier Energy has secured a AU$215 million debt facility to construct and operate a 120MW solar-plus-storage facility in Western Australia.

Both projects are expected to reach commercial operations in 2025, while construction is carried out by renewables contractor Blattner Energy.

The amount of residential solar paired with a battery energy storage system (BESS) in California has increased notably under the state’s new net energy metering 3.0 (NEM 3.0) scheme.