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.
Ben Hill is widely known in the solar and energy storage industries as the former Trina Solar executive who drove the Chinese company towards a leading position in the European market in the days of the large-scale boom before leaving to become Tesla’s VP for Europe, Africa and the Middle East. UK start-up Solo Energy is among a number of companies he is now working with closely as an advisor.
UK energy market regulator Ofgem has set out a plan which would see fixed charges applied to all final demand network users irrespective of their ability to reduce their impact on the grid through generation or flexibility.
Steven Marshall, the Premier of South Australia, has welcomed the start of assembly-line work at Sonnen’s new factory in Adelaide, while rival Tesla’s virtual power plant (VPP) in the state is beginning its second phase of development.
Kokam has been awarded contracts to deliver 40MWh of battery energy storage at solar power plants in South Korea, including its newest High Energy Lithium Nickel Manganese Cobalt Oxide (HE NMC) batteries.
The US government has been urged to recognise the “critical role” energy storage can play in making the grid cleaner and able to accept more renewable energy, by increasing the eligibility of batteries and other technologies to receive the Investment Tax Credit (ITC).
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.
Australian firm Resolute Mining has signed an agreement with Africa-focused power developer Ignite Energy to set up a 40MW hybrid solar, battery and heavy fuel oil (HFO) plant at its Syama Gold Mine in Mali, according to an Australian Stock exchange (ASX) filing.
