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Utility Scale Storage

Bidding extended for 20 MW solar-plus-storage in Ladakh

The Solar Energy Corporation of India has issued amendments to the procurement and extended the bidding deadline by two weeks.

Union budget: Customs duty rise for solar inverters but modules spared

Imported solar inverters and lanterns will get costlier, as the union budget for the next fiscal year has proposed customs duty increases from 5%, for both items, to 20% and 15%, respectively. The budget, which also incentivizes Indian manufacturing of solar project components whilst giving a helping hand to raw materials, makes no mention of solar cells or panels.

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Financing large scale renewables in emerging economies

pv magazine has taken part in a webinar examining the thorny issue of financing clean energy generation in developing markets.

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The long read: Compressed air storage to be more than just hot air in Israel

Solar-linked projects will be developed by domestic firm Augwind and will feature underground storage tanks. One of the systems will be built by French energy giant EDF and will feature a 20 MWh compressed air storage system and 5 MW solar array.

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Solar system prices to rise – then fall – in 2021, with another record year anticipated

IHS Markit is predicting the world will add 30% more solar capacity this year.

Wind-solar-storage hybrid offers cheaper electricity than new coal

A new report establishes the feasibility of wind-solar-storage hybrid projects over new coal plants in the Indian States with high renewable energy potential. Tamil Nadu was chosen for the techno-commercial assessment.

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WoodMac predicts 30% drop in Asia-Pacific front-of-meter battery costs by 2025

A new Wood Mackenzie report suggests that costs for front-of-the-meter battery storage systems in the Asia-Pacific region could fall by 30% by 2025. The declining costs are already having a palpable impact, as 2021 has opened with a slew of large-scale battery project announcements.

World could add up to 194 GW of solar this year

Falling module prices will help PV post another record year after an estimated 132 GW was installed worldwide in 2020, according to an energy transition investment trends report published by Bloomberg New Energy Finance.

IFC says green recovery could drive $2.5tn renewables market this decade

The private-sector arm of the World Bank, which claims to leverage $3 of its own capital and $8 from third parties for every dollar invested in its blended finance funds, has attempted to quantify what devoting Covid recovery funds to green investment would mean for emerging economies.

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Renewables cheaper than fossil fuel plants by 2030

A report by McKinsey & Company reinforces the widely-held view renewables will supplant fossil fuels in the energy system but also joins the chorus of voices warning the world is on track to fall well short of limiting global temperature rises this century to 1.5C.

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