ROUND-UP: Shell invests in sonnen, Panama needs regulatory upgrade, Afghan utility adds rooftop PV

Credit: sonnen

Shell leads investment in battery storage manufacturer sonnen

Shell has continued to scale-up its interest in distributed energy by participating in a €60 million (£52.6 million) investment round by German battery storage firm sonnen.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

Sonnen’s chief executive Christoph Ostermann told Reuters that Shell Ventures, the division of Royal Dutch Shell tasked with supporting innovative energy companies, would be among those participating in its latest investment round alongside existing shareholders.

Brian Davis, vice president for energy solutions at Shell, confirmed the move – adding: “This investment enables us to combine Shell’s power business activities with sonnen’s high quality, innovative products and business model to enhance our consumer energy offerings. This is in line with our strategy to partner with leading companies to deliver more and cleaner energy solutions to our customers,” he said.

Read the full story on PV Tech's freshly-launched sister site Current±.

Panama must upgrade regulatory environment – IRENA

Panama must upgrade its regulatory environment and power system management to reach its 70% by 2050 renewable energy goals set out in the country’s National Energy Plan, according to Renewables Readiness Assessment Panama report released by the International Renewable Energy Agency (IRENA). 

Power purchase agreements (PPAs) for renewable energy must be amended to make solar and wind more competitive. These variable power sources are currently assigned zero ‘firm capacity’ status while thermal power plants and hydropower facilities are rewarded with far higher firm capacity values.

By the end of 2016, wind and solar power capacity had reached 270MW and 90MW respectively in Panama.

Afghan utility adds rooftop solar

Afghanistan state-run power firm Da Afghanistan Breshna Shirkat (DABS) has launched its first grid-tied 30kW solar system on the roof of its offices located in Dehmazang, West Kabul.

Amanullah Ghalib, chief executive of DABS, inaugurated the project, which can supply roughly 120kWh, adding: “With this plan, solar power instrument will be installed on the roofs of government offices and residential homes, and the owners of homes will use solar power instead of hydropower and thermal power.”

The project was funded by the German International Cooperation Organization (GIZ) which has been completed under the supervision of DABS renewable energy.

Read Next

July 12, 2024
IRENA has found that the world’s renewable power capacity will need to increase by 16.4%, year-on-year, to meet the world’s climate targets.
March 19, 2024
Record renewables capacity additions and the progress in the energy transition last year are insufficient to meet the 1.5°C scenario.
February 15, 2024
Governments across Central America are starting to issue renewable energy tenders with a focus on solar power.
January 18, 2024
Panama’s national secretary of energy has launched its first bidding auction exclusively for renewables and energy storage.
December 12, 2023
Global oil & gas giant Shell has sold a partial ownership stake in two renewable energy projects in the US.
December 5, 2023
Panama has become very attractive to investors due to the government deploying a range of fiscal incentives to support PV.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
July 31, 2024
1:00 PM (BST) / 2:00PM (CEST)
Solar Media Events
September 24, 2024
Warsaw, Poland
Solar Media Events
September 24, 2024
Singapore, Asia
Solar Media Events
October 8, 2024
San Francisco Bay Area, USA