energy storage

PV Tech spoke to sun.store about its latest report, showing a downward trend for prices for monofacial and bifacial modules in Europe.

The Australian government has granted Spanish solar PV developer X-Elio the green light to develop its 350MW Sixteen Mile solar-plus-storage project in Queensland.

Xcel Energy has reached an agreement on its 2024 Resource Plan which it says will reduce its carbon emissions by 80%.

Australian utility Origin Energy announced its intention to withdraw from hydrogen and focus on renewable energy and energy storage, citing “uncertainty around the pace and timing of development of the hydrogen market".

The 360MW Mortlake solar-plus-storage project in Victoria, Australia, is the latest large-scale renewable energy project to be fast-tracked for development by the state government.

The deal was first announced in March when Masdar said it would buy the 50% stake in Terra-Gen previously owned by Energy Capital Partners.

In related Romanian news, Simtel has partnered with Monsson to develop, construct and sell 150MW of solar PV and/or hybrid projects.

In Western Australia’s Gascoyne region, Exmouth will run on 80% solar PV-derived renewable energy via a 20-year power purchase agreement (PPA) between Pacific Energy and Horizon Power, the state’s energy provider.

Reducing volatility impacts, managing cannibalisation and investing in grids will help solar energy cement its role in global energy systems.

The global target to treble renewable energy capacity to 11TW by 2030 is off track, according to a report from BloombergNEF (BNEF).