Private equity fund SoftBank Vision Fund has officially signed a memorandum of understanding (MOU) with Saudi Arabia’s Public Investment Fund (PIF) to develop 3GW of PV and energy storage capacity within Saudi Arabia.
Electricity and heat generator and retailer Vattenfall is developing a third party model for energy storage deployment, which will see the Swedish firm deploy batteries alongside UK solar farms.
The Indian government caused quite the buzz last week when it announced the US$2.5 billion "Saubhagya" scheme to provide electricity access to all households by December 2018. 'Power For All' director William Brent discusses why distributed renewable energy solutions must not be overlooked.
Solar Media, the publisher of PV Tech, has published Solar & Storage Today, a special preview edition of daily newspapers to be distributed at the forthcoming Solar & Storage Live exhibition.
Eritrea will soon join the global solar boom with a €5.7million fund bringing clean power to two rural villages that currently rely on small diesel generators.
French power giant Engie Group is partnering with three firms to develop various solar-related projects in Indonesia requiring US$1.25 billion investment.
The number of battery storage projects to have won 15-year contracts in the UK’s latest Capacity Market auction is a sign of “considerable confidence” in the technology, according to the director of the Electricity Storage Network.
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.
