energy storage

The European Investment Bank (EIB) has committed €400 million (US$437 million) to support the solar and battery storage development plans of Greek renewables developer Mytilineos.

The Spanish Ministry of Ecological Transition (MITECO) has allocated €85 million (US$91 million) to develop 51 renewable energy generation and storage projects on the Canary Islands.

Investment in renewable projects in Australia has continued its slow trend in the third quarter of 2023 with only two new projects achieving financial commitment, according to trade body the Clean Energy Council (CEC).

The Australian government’s start of competitive Contracts for Difference (CfD) tenders for dispatchable renewable energy capacity backed with energy storage is an unprecedented step for national energy policy.

The Australian government will underwrite 32GW of renewable energy generation and energy storage to stimulate clean energy investment.

Of its three major operational markets – the US, Europe and Latin America – Grenergy particularly highlighted Chile as a fulcrum for leveraging up its solar and storage businesses.

A look into several utilities updated IRP in Arizona, as they target to increase solar and storage operational capacity in next 15 years.

Sunrun has published its financial results for the third quarter of this year, which include the installation of 258.2MW of new solar capacity.

sonnenConnect will deploy a time of use (TOU) algorithm which, in conjunction with a battery (which NEM 3.0 reportedly incentivises), “ensures customers will not pay peak-period pricing at any point throughout the year”, the company said.

PV Data looks at the Italian market in 2023 and how it is expected to reach 4GW of installed solar capacity, as well as agriPV's interest.