Developer Oracle Power and China Electric Power Equipment and Technology (CET) are looking to develop and build a 1.3GW project combining solar, wind and battery energy storage system (BESS) technology in Pakistan.
Zambian developer GEI Power and Turkish energy technology firm YEO are aiming to have a 60MWp PV, 20MWh BESS project in Zambia online by September 2025.
Developer energyRe has secured US$240 mllion from Bank of America to fund the 108MWdc/198MWh Lone Star solar-plus-storage project in South Carolina, US.
South Africa’s electricity minister has said the largest solar-plus-storage project in the Southern Hemisphere is evidence of efforts to mitigate the country’s difficult energy security situation.
Netherlands’ climate minister has allocated €100 million in subsidies to the deployment of ‘time-shifting’ battery storage with solar PV projects for next year, an acceleration of a larger €400 million-plus programme.
AES Corporation has brought into commercial operation one of several large-scale renewable energy and battery storage projects in its development portfolio in Hawaii.
Investment manager Quinbrook Infrastructure Partners has closed funding for its Valley of Fire Fund, raising US$600 million in capital commitments from what it called “leading US and European institutional investors”.