Government considering viability gap funding, ALMM mandate for battery storage projects
The Indian government is considering financial incentives such as viability gap funding and green finance to encourage the adoption of energy storage systems in the country. It may also issue an Approved List of Models and Manufacturers (ALMM) mandate for battery storage systems for power sector applications.
The Hydrogen Stream: Gulf nations moving forward with tech cooperation
Acwa Power and Eni have signed a hydrogen development deal, while AFC Energy has signed an agreement with Tamgo to sell hydrogen generators.
Global flow battery market to grow at 22.8% annually
The global flow battery market will expand from $289 million in 2023 to $805 million by 2028, driven by increasing investments in renewable energy and flow batteries’ advantages over conventional products.
Bila Solar to make lightweight solar modules in US
Bila Solar – a Singapore-based developer of glassless, frameless PV modules – has announced plans to invest about $35 million to renovate a factory in Indianapolis, Indiana.
China polysilicon prices rise for the eighth consecutive week
In a new weekly update for pv magazine, OPIS, a Dow Jones company, provides a quick look at the main price trends in the global PV industry.
Large-scale solar LCOE fell 3% to $0.049/kWh in 2022, says IRENA
The International Renewable Energy Agency (IRENA) says that PV, onshore wind, concentrated solar power (CSP), bioenergy, and geothermal energy experienced substantial reductions in their levelized cost of electricity (LCOE) in 2022.
India expected to add a record 4 GW of rooftop solar in fiscal 2024
Despite major roadblocks, rooftop solar capacity additions in the country are growing fast, with nearly 2 GW already added in the four months ending July 31, 2023.
India installed 872 MW of rooftop solar capacity in 1H 2023, says Mercom
The nation has reached a cumulative installed rooftop solar capacity of 9.6 GW as of June 30, 2023.
Australia backs 248 GW pipeline to counter reliability challenges
The Australian Energy Market Operator (AEMO) says that 248 GW of proposed generation projects, storage installations, transmission developments, and government energy programs have the potential to address many of the risks in its latest market forecast – if they are delivered to schedule.
Fraunhofer ISE helping Holosolis to build Europe’s largest solar factory
Fraunhofer ISE is helping Holosolis to build Europe’s largest PV factory – a 5 GW solar plant in France – by 2025. The German research institute is providing support in technology selection and factory planning.
