Brazil promoting energy storage linked with renewables

Brazil’s energy agency ANEEL has approved the creation of a strategic report on how to integrate energy storage systems into wind and solar applications in the country.

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Bill Gates: Solar is not the energy solution Africa needs

Bill Gates once again shunned solar power from his vision for energy access in Africa in his talk at the University of Pretoria in South Africa on Sunday, where he argued that whilst “cheap, clean energy” is what Africa needs, solar does not fit the bill.

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World Bank US$200 million loan to support Indian wind and storage hybrid innovation

The World Bank’s groundbreaking US$1 billion loan for Indian solar will partly focus on improving transmission for solar parks and innovation in wind and energy storage hybrids, according to a senior government official.

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‘Fear of record-low prices’ causes Enel, ACWA Power and ALJ to pull out of bidding for 350MW project

Developers including Italy’s Enel Green Power and Saudi Arabia’s ACWA Power and Abdul Latif Jameel (ALJ) have pulled out of the running for the upcoming 350MW solar tender in Abu Dhabi.

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World Bank’s India loans to support transmission network and wind storage hybrid innovation

The World Bank’s groundbreaking US$1 billion loan for Indian solar will partly focus on improving transmission for solar parks and innovation in wind and energy storage hybrids, according to a senior government official.

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New French tenders put country in contention for top European market spot

New French tenders announced last week could see the country become the largest single source of solar end demand in Europe.

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State Bank of India receives US$625 million facility from World Bank for rooftop solar

The State Bank of India (SBI) has signed agreements with the World Bank for a US$625 million facility specifically to support India’s grid-connected rooftop solar programme.

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World Bank to lend US$1 billion for Indian solar push in 2017

The World Bank Group today signed an agreement with the International Solar Alliance (ISA), which was formed at the COP21 Paris summit last year, and is comprised of 121 countries led by India, to partner on scaling up solar energy use globally, with the goal of mobilising US$1 trillion in investments by 2030.

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Development banks ‘filling the gaps commercial capital won’t’ in Africa’s energy sector

A panel of development finance institutions and project developers at the annual Africa Energy Forum on Friday discussed how they are shaping the continent’s emerging energy sector; in taking on the risk that commercial capital typically will not.

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No bankability issues for major Chinese inverter firms

The ease of due diligence on inverters and increased technical awareness among the investor community has helped ease bankability issues surrounding Chinese inverters in recent years.

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White House’s ‘first executive push for energy storage’ could raise US$1 billion i

The White House announcement of new developments and investment in energy storage has been characterised as “the first executive office push for energy storage” that will “undoubtedly galvanize” the industry, in a new GTM Research brief by the firm’s energy storage director Ravi Manghani.

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