News

Australian banking and financial services giant ANZ has extended its collaboration with Sydney-based Clean Energy Finance Corp. via an additional $67.7 million financing commitment to help the nation’s businesses cut energy costs and reduce carbon emissions. The bank is also offering financial discounts for upgrades and new investments in solar PV, energy storage, electric vehicles and other technologies.

The country’s agency for rural electrification is seeking proposals for a 1.3 MW solar project and a 1.5 MW/2 MWh storage system.

The California Independent System Operator has warned state regulators that there could be a 4.7 GW capacity shortfall in 2022, in the early evening hours of the annual peak demand events of September. The grid operator has suggested the alteration of water cooling laws, as well as increased procurement of resources.

The Dubai Water and Electricity Authority will use energy from the gigawatt-scale Mohammed Bin Rashid Al Maktoum Solar Park to provide a new hydropower plant with pumped storage capacity. The state-owned utility has announced a number of innovations for the project in recent months, including plans for hydrogen and large-scale storage capacity.

The 20 MW plant will feature 62,750 solar panels. Installer Perpetum Energy plans to commission the project in the spring of 2020.

Troubled thin film manufacturer Thin Film will see a 51% controlling stake in a hugely profitable hydropower project auctioned off after a move by creditors. Hanergy Thin Film owner Li Hejun’s Hanergy Mobile Energy business in China says it will be among the bidders.

The nation’s roofs could host up to 655 GWp of solar generation capacity a recent solar mapping exercise found. But a wider understanding of the benefits of solar, combined with incentives, would be required to unlock a potentially transformative energy development.

US renewables giant Invenergy discussed its plans to develop an 127MW solar project in southwest Colorado at a county meeting in early August.

A joint venture between Elsewedy Electric and EDF, along with Scatec Solar and its respective partners, have both commissioned PV projects near Benban, Egypt with a combined generation capacity of 195MW.

The power company has launched three procurement auctions for a total of 2.9 GW of power generation capacity. Renewable energy companies are among the bidders to have expressed interest in providing electricity.

A 200MW solar project planned for Victoria, southern Australia, has been denied planning permission by the state's planning arbitrator.

Trade tensions have flared anew between some of the world’s top solar markets, with the US attempting to quash a complaint from India even as China opened a new dispute.

The Australian subsidiary of mining manufacturer Molycop has clinched a 10-year solar-wind power purchase agreement (PPA) with Melbourne energy retailer Flow Power, in a deal that supports the development of a 120MW solar project in New South Wales (NSW).

London-based renewables investor Actis has raised US$1.23 billion for a new investment fund destined for existing infrastructure assets in emerging markets, starting with its own 100MW PV plant in Chile.

The global firm which helps keep the lights on at the Olympics and Glastonbury music festival says it is being challenged by customers to cut carbon.