The Australian Renewable Energy Agency (ARENA) has announced a US$5.2 million funding initiative that will examine how PV projects, wind farms and storage systems can offer grid stability and security services.
‘Silicon Module Super League’ (SMSL) member Canadian Solar reported first quarter 2018 financial results that were better than expected as revenue and shipments were higher than guided with further PV power plant sales completed in the quarter.
Bidding in the Indian solar industry has been deemed irrationally aggressive by 70% of CEOs responding to a survey from consultancy firm Bridge to India, however, sentiment remains upbeat about growth prospects and the overall industry.
Brazil Ministry of Mines and Energy (MME) has said it expects the 49 solar projects contracted in the last A-4 energy auctions to generate investments of BRL8 billion (~US$2.2 billion) by 2021 and create a further 1.8GW of power capacity.
Queensland is currently the leading Australian state for large-scale solar development and is pushing the country towards another record year, according to Clean Energy Council chief executive Kane Thornton.
UPDATED: India’s Ministry of New & Renewable Energy has released its ‘National Wind-Solar Hybrid Policy’ seeking to encourage hybridisation of projects due to the benefits they offer for grid integration.
Philadelphia Solar, a vertically-integrated PV company headquartered in Jordan, said this morning it has reached financial close on a project to bring battery storage to a large-scale solar farm in the Middle East kingdom.