energy storage

The Australian government has allocated an additional AU$2 billion (US$1.25 billion) to its green bank, the Clean Energy Finance Corporation (CEFC), to support renewable energy generation and energy storage.

The letter said the IRA has brought “significant investments in the health of our economy" and US$500 billion in manufacturing investments.

Emirati state-owned renewable energy project developer Masdar has entered the Philippines market with plans to develop 1GW of solar PV, wind and battery energy storage systems (BESS).

Australia’s Energy Corporation of New South Wales (EnergyCo) has formally increased the amount of renewable energy generation and energy storage projects that can connect to the Central-West Orana Renewable Energy Zone (REZ) to 7.7GW.

The Africa Solar Industry Association’s 2025 market outlook has recorded a 2.5GW increase in PV installations in 2024.

Spanish solar PV developer X-Elio has submitted a 720MW solar-plus-storage project in Queensland, Australia, to the Federal government for approval under the Environment Protection and Biodiversity Conservation (EPBC) Act.

Under its Home Renovation Savings Program the state government will offer rebates for 30% of the cost of adding solar modules or BESS.

Chile has curtailed a record 5,909GWh of solar PV and wind power in 2024, up 121% from the previous year, according to trade body, the Chilean renewable energy and energy storage association (ACERA).

The portfolio comprises 780MWp of solar PV and battery energy storage system (BESS) assets at “various stages of development.”

Indian state-owned firm SECI has awarded 2GW of solar-plus-storage that will connect to the Inter State Transmission System (ISTS) in India.