Developer calls world’s largest solar+storage project ‘the first of many’ to come
The Australian-Singaporean group behind a proposed 20 GW solar PV farm and 42 GWh battery energy storage project under development in Australia’s remote far north has hinted that other, similar-sized projects are already in the pipeline. Singapore-based Sun Cable has revealed that the AUD 30 billion ($21.9 billion) Australia-Asia PowerLink (AAPL) project, which will supply electricity […]
Turkey introduces secondary legislation for storage
Turkey introduces secondary legislation for storage The new provisions are aimed at implementing the primary legislation introduced in February 2020. The Turkish storage market may reach a size of 1 GWh per year within the next two years. Turkey’s government has introduced secondary legislation establishing the procedures and principles to install storage energy […]
Power-to-X may cover 28% of global energy demand by 2050
Power-to-X may cover 28% of global energy demand by 2050 The so-called powerfuels are primarily required for sectors that are difficult to electrify, such as aviation and shipping, as well as for the processing of raw materials. This is shown by a new study by Finland’s LUT University and the German Energy Agency. […]
US energy storage market redefined in Q3
US energy storage market redefined in Q3 Installations hit a record 476 MW/764 MWh in the third quarter, with California’s deployment figures alone shattering all previous quarterly records. According to the latest edition of Wood Mackenzie’s U.S. energy storage monitor, the country deployed 476 MW of energy storage in the third quarter, or […]
Israeli government greenlights plan to add 15 GW of solar by 2030
Israeli government greenlights plan to add 15 GW of solar by 2030 The plan envisages to reach a 30% share of renewable energies in the country’s electricity mix by 2030. An intermediate target of 20% has been set for 2025. Israel’s cabinet has approved a plan submitted by energy minister Yuval Steinitz to deploy […]
EU Green Recovery plan could support 2.3 GW of Spanish solar project capacity
EU Green Recovery plan could support 2.3 GW of Spanish solar project capacity Three big projects are candidates for support from the Covid recovery plan laid out by the bloc. U.K. consultant EY has spelled out investment projects across the EU which would be in line for support from the bloc’s Covid-19 recovery […]
Japan’s struggle to drive down renewables costs
Japan’s struggle to drive down renewables costs A nation famous for high electricity prices has seen power costs fall 15% this year, according to analyst Wood Mackenzie, a figure which will help attract $100 billion of solar and wind investment to 2030. Renewables will have to work even harder, however, to displace fossil fuels in […]