Australian renewables investor Lyon Group has penned an agreement with China Huadian Corporation which will see the duo co-develop and invest in power-plus-battery energy storage systems across Australia, China and other Asian markets.
Carbon Tracker analysis urges Asian state to ditch coal investments after finding solar will fully outcompete fossil fuel by 2025, followed by wind power in 2027.
The equity transfer comes weeks after Meralco launched a 2MW/2MWh battery electric storage system 50km north of Manila that will work to stabilise energy from a 3.8MW solar farm.
China-backed Cauchari complex hits one-million-panel mark after completion of second and third stages and could see Jujuy province produce 3GW of solar power within 10 years.
Tata Power Solar wins bid to deploy one of largest floating ventures seen to date in country, with plans to commission Kerala scheme ‘no later’ than 21 months.
Clean energy developer sets up shop in Seoul and tells PV Tech it is eyeing both utility-scale and C&I rooftop projects for its first pipeline in Asian state.