Russian firm Hevel Group and Korean multinational automotive manufacturer Hyundai have signed a memorandum of understanding to invest around RUB8 billion (US$139 million) in 40MW of solar and diesel hybrid plants, according to Russian news agency TASS.
The latest phase of a AUS$55 million (US$43.8 million) programme giving remote communities in Australia’s Northern Territory reliable and clean power will see a 2MWh battery installed and paired with more than 3,000 solar PV panels.
Tenders for solar-plus-storage projects on French island territories including Corsica, Guadeloupe and Martinique have resulted in winning bids often 40% lower than the victors of previous reverse auctions.
The soon-to-be-merged Tesla and SolarCity have completed a solar-plus-storage microgrid on an island in American Samoa that will reduce the local population’s reliance on costly and cumbersome diesel imports.
Recharge A/S, an investment fund specialising in renewables, will take a 50.1% stake in a €24 million (US$26.7 million) micro grid on a remote Portuguese island that could prove the validity of such projects as an asset class.