Softbank Vision Fund (SBVF) and GCL Group holding company have signed a memorandum of understanding (MoU) to launch a US$930 million joint venture in the Indian state of Andhra Pradesh, primarily to manufacture PV ingots, wafers, solar cells and modules.
Mitsui & Co., a major Japanese industrial conglomerate, has formed a Joint Venture (JV) with leading India mini-grid developer OMC Power to expand their mini-grid business into Africa. The new JV is part of a ¥1 billion (US$9 million) equity investment by Mitsui in OMC Power.
India may soon review its Renewable Purchase Obligation (RPO) mechanism to give targets more suited to the environment of each state and offer more flexibility, according to energy minister Piyush Goyal.
News in Brief: SunPower collaborates with Michigan's largest utility for a residential pilot programme, UOSSM's Syria Solar Initiative completes a 127kWp solar system to provide electricity to hospitals, an Australian aboriginal community starts construction on a solar-diesel hybrid project backed by ARENA and Utah's Legend Solar acquires Aspire Energy.
The US Trade and Development Agency (USTDA) is continuing its mission of funding priority development projects in emerging economies, this time by signing two grants that leverage US technology and investment to increase access to affordable, reliable electricity in Kenya.
In this week's segment, PV Tech reports on energy storage in Australia, acquisitions in India, and policy-makers in the US, in a round-up of the most dynamic employment stories over the last fortnight.
Energy storage in the US is being propelled forward by falling costs and increasingly favourable markets and policy. But for the full value of storage to be realised, numerous regulatory and fiscal barriers must still be surmounted, writes Matt Roberts, executive director of the Energy Storage Association.
Battery storage has dominated the outcome of the National Grid’s 200MW Enhanced Frequency Response (EFR) tender, with the technology to be used for balancing services at grid scale for the first time in the UK.
Andy Colthorpe and Ben Willis profile some of the companies and technologies making waves in the fast-changing world of stationary energy storage, in a feature article which originally appeared in the seventh issue of PV Tech Power.