The Dutch Development Bank (FMO) and investment firm Symbiotics have announced a US$32.5 million facility to finance ZOLA’s operations within Tanzania over the next five years.
The economics of rural electrification using microgrids should be considered an investment for the future, akin to how Silicon Valley tech providers plough money into initially loss-leading products and services, the chief of developer and manufacturer Solar Philippines has said.
Fluence will supply the latest large-scale battery energy storage system set to be deployed in South Australia, which has secured non-subsidised debt financing.
Arlington Energy, a clean energy investment group, has announced plans to build out a 1GW portfolio of energy storage and gas peaker projects across the UK after securing initial funding of £200 million (US$255 million) from an offshore fund of institutional investment.
The renewables investment community “needs to come to grips” with merchant risk after a decade of being “spoiled” by government-backed subsidies for wind and solar.
Investment management firm Gresham House is to float an energy storage fund on the London Stock Exchange next month, with an aim to raise £200 million to fund 262MW of energy storage projects over the next year.
India’s prime minister Narendra Modi made an official commitment towards the launch of the country’s first National Energy Storage Mission yesterday at a ministerial event also attended by the UN Secretary General, Antonio Guterres.
