South African utility Eskom and German Development Bank KfW have signed a US$100 million (~R1.35 billion) loan facility that will go towards improving the transmission network to support grid integration of renewable energy projects after 27 power purchase agreements (PPAs) were signed in April.
“A comprehensive agenda to combat climate change” unveiled on Tuesday by New York governor Andrew Cuomo, includes the setting of a state-wide energy storage deployment target of 1,500MW by 2025.
Rooftop PV is the fastest growing renewable energy sub-segment in India, with individual system sizes increasing and the C&I sector maturing, but a new report by Bloomberg New Energy Finance (BNEF) predicts that India will still only reach 9.5GW out of its 40GW target by 2022.
The deployment of renewables does not have a negative impact on the grid, according to a draft of the report commissioned by US energy secretary Rick Perry.
Australia’s chief scientist Dr Alan Finkel has delivered his major energy review to the Australian government recommending various changes that will impact the solar PV sector.
China added 7.21GW of solar PV in the first quarter of the year, roughly 70MW compared to the same quarter last year, according to figures from China’s National Energy Administration (NEA).
In a major energy strategy upheaval, the South Australian government is providing significant funding to support energy storage projects, starting with a 100MW grid-connected battery that will be the largest in the country.
New research predicts the energy storage market in Germany will increase 11-fold in the next five years, with the residential market buoyed by declining feed-in tariffs, high electricity prices and €30 million in subsidies, while the primary reserve market boosts activity within the utilities sector.
