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Pacific Hydro is investing USD 260 million in its first solar farm in Chile - the 293-MWp Desierto de Atacama solar park project in Tierra Amarilla. Originally designed to generate 120 MWp, the company refiled for an environmental permit in 2021 to expand the proposed facility, enabling it to generate 784 GWh of electricity per year, enough to power around 310,000 homes. Pacific Hydro is owned by China’s State Power Investment Corporation (SPIC) through China Power International Development (CPID). This project is part of Chile’s ‘National Energy Strategy 2050’, which outlines the country’s plans to reach a clean energy mix of 70%, by 2050. What Is Pacific Hydro Investing in Chile's Solar Park? Pacific Hydro is investing in the 293-MWp Desierto de Atacama solar park project in Chile's Tierra Amarilla, increasing the proposed facility's capacity to 784 GWh of electricity per year. Pacific Hydro is owned by China’s State Power Investment Corporation (SPIC) through China Power International Development (CPID). This project is part of Chile’s ‘National Energy Strategy 2050’, which outlines the country’s plans to reach a clean energy mix of 70%, by 2050. In addition to the Desierto de Atacama solar park, Pacific Hydro has also invested in the San Juan, San Juan Solar, and San Juan Solar 20 solar projects in the same region. Pacific Hydro is also investing in other renewable energy projects in Chile, including the development of wind farms, solar and battery storage projects, as well as geothermal projects. Pacific Hydro's investments are part of the Chilean government's plan to reduce emissions and transition to renewable energy sources. These investments are expected to help create jobs and boost economic growth in the region.

The combination of pumped hydro with other storage technologies can increase renewables penetration, improve operational safety and reduce maintenance costs at large-scale hydropower plants, according to new research. The study also focuses on techniques to determine the optimal size of renewables-based pumped hydro storage systems. Costs for hybrid solar-pumped hydro projects currently range from $0.098/kWh to $1.36/kWh.

Solar and also wind power stand for a US$ 1 trillion financial investment possibility in Asia Pacific this years, equivalent to two-thirds of the area's total power generation industry, as countries move far from fossil fuel generation in favour of greener choices.

Pacific Green Technologies secures £120 million loan for 249 MW/373.5 MWh BESS project in Kent, England. Project to start commercial operations in April 2025 and operated by Pacific Green's subsidiary. Loan repaid over 10-year amortization profile. Pacific Green also selling Richborough Energy Park for £74 million.

Pacific Green Technologies Inc. has announced a GBP 74 million deal for a 99-MW battery energy storage system (BESS) in Richborough Energy Park, Kent, England. Senior debt and equity secured for the project; completion expected within weeks. Move part of a 1.1-GW BESS project pipeline in the UK.

Absaroka Energy and Copenhagen Infrastructure Partners plan to update an old storage technology for the 21st century. All they need is a customer.

Pacific Green Technologies Inc has taken a majority stake in a 500-MW/2,800-MWh portfolio of BESS projects in Italy, with the CEO noting the move as part of their European expansion. Construction of the facilities to start in late 2025, with a 35-year operating lifespan.

UK unveils groundbreaking 100MW hydropower-storage partnership, providing clean energy solutions for a greener future.

Pacific Green Energy Storage is to get a 249MW battery energy storage advancement in Kent.

Pacific Partnerships secures rights to massive solar park in NSW, set to power 280,000 homes with cutting-edge battery storage technology.

Macquarie Infrastructure and Real Assets Core Ltd secures 49.9% stake in Norsk Hydro ASA's renewable energy business for USD 333 million, boosting Hydro Rein's project portfolio and growth potential.

In anticipation of the Pacific Islands Forum (PIF) in Tuvalu this week, Australian Prime Minister Scott Morrison is set to announce A$500 million ($337.75 million) in foreign aid to partnering Pacific nations in the form of a climate change and oceans funding package for renewable energy investment and climate resilience.

Unlocking grid stability and reliability in South Australia, Pacific Green Technologies embarks on a groundbreaking 500-MW/1,500-MWh battery energy storage project in the Limestone Coast region.

Pacific Blue's 60-MW battery in South Australia will boost grid stability and support clean energy transition, adding to their impressive renewable energy portfolio.

International cleantech company Pacific Green has actually signed an exclusivity contract to develop as much as 1.1 GW of battery energy storage space systems (BESS) in the UK sourced by TUPA Energy.