The study examines the use of Solar PV+ in ASEAN nations and its possible effects on the energy sector. The term “Solar PV+” itself designates a method or technology that expands the capabilities of conventional solar photovoltaic (PV) systems. This may entail integrating extra elements like energy storage devices, smart grid technology, or other renewable energy sources to increase the overall efficiency and efficacy of solar power generation.
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The government of New South Wales (NSW) has shortlisted 16 projects for its first renewable tender auction in Australia. The projects’ combined power generation and long-term storage capacity total more than 4.3 GW. They were selected in line with the NSW Electricity Infrastructure Roadmap, which aims to build 2 GW of duration storage and at least 12 GW of renewable capacity in the state by 2030.
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Engie has purchased a 1.25 GW utility-scale solar and storage portfolio from Revolve Renewable Power, a Canadian startup. Through a share purchase agreement, Engie IR Holdings, a subsidiary of Engie, carried out the transaction. The solar and storage projects Bouse, with a 1 GW capacity, and Parker, with a 250 MW capacity, make up the acquired portfolio. Both projects are in Arizona’s La Paz County.
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Battery storage is a particularly difficult technology to assess with a BCA, for several reasons. This report presents a BCA framework for battery storage and attempts to address many of the uncertainties state energy agencies may encounter. The report is based on best practices gleaned from numerous BCAs undertaken by early adopter states, as well as related literature about how to value battery services.
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The Oregon Solar+Storage Rebate Program was established by the Oregon Legislature in summer 2019 and launched by the Oregon Department of Energy in January 2020. The program provides homeowners with rebates up to $5,000 for solar, and an additional $2,500 for paired energy storage systems when installed together. Low-income service providers—such as nonprofits, municipalities, or other organizations serving low-income Oregonians —are eligible for rebates up to $30,000 for solar, plus $15,000 for paired storage.
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Origis Energy, a solar and energy storage developer based in the US, has granted Mitsubishi Power Americas a contract to provide three utility-scale battery energy storage systems (BESS) with a combined capacity of 150 MW/600 MWh. The Mitsubishi Power Emerald storage system will be installed at three Origis Energy solar photovoltaic (PV) projects in the Southeast US that are set to be online within the next two years. The BESS projects are anticipated to increase the sites’ capacity once they are installed.
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The bar is rising for corporate climate goals. Eighteen of the top 25 companies ranked in this year’s report are pursuing 100% renewable energy or carbon neutral goals. Some of the leading companies are already achieving their targets. For example, this year’s top solar adopter Meta has powered its global operations with 100% renewable energy since 2020 and is now working toward a net zero emission value chain by 2030.
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Zenobē Energy, a British company that specialises in energy storage, has started building a 1 GW storage facility in Scotland that will require approximately $886.5 million total investment. Blackhillock, Kilmarnock South, and Eccles will be the sites of the three utility-scale battery storage assets.
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GridStor, a company that develops and manages grid-scale battery energy storage systems, has purchased a portfolio of storage projects from Upstream Energy of San Diego that are currently being built in the greater Los Angeles area. The portfolio comprises numerous projects with anticipated online dates between 2024 and 2026, totaling more than 500 MW/2,000 MWh of capacity, or enough energy to power 375,000 California homes.
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Engie, a French energy utility company, has acquired 6 GW of solar and battery storage capacity from Belltown Power in the US. The portfolio consists 33 solar, storage, and standalone battery storage installations spread over the ERCOT, PJM, MISO, and WECC1 regions.
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Masdar, a state-owned energy company in the Emiratis, has expanded its footprint in the UK by acquiring Arlington Energy, a company that develops battery energy storage systems (BESS). Arlington Energy, a London-based company, specialises in developing, operating, and financing flexible energy solutions.
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Primergy Solar LLC (Primergy), a leading developer, owner, and operator of utility and distributed scale solar and storage, announced a sole battery supply deal with Contemporary Amperex Technology Co Limited (CATL), a global pioneer in new energy innovative technologies, for the $1.2 billion Gemini Solar+Storage Project outside of Las Vegas, Nevada.
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Dominion Energy Virginia has requested approval from state regulators for nearly two dozen new solar and energy storage projects with a combined capacity of 800 MW. In the proposal, Dominion Energy Virginia will own and operate 10 solar and energy storage facilities with a combined capacity of around 500 MW.
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Invenergy was an early leader in the clean energy transition and has continually evolved to push the energy industry forward. What began as a largely thermal and wind business is now a full energy solutions provider with an array of new technologies, including solar, green hydrogen, desalination, and large-scale battery storage. While the technology has changed, our approach to responsibly siting clean energy projects that benefit a broad spectrum of stakeholders has remained the same.
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Along with its consortium partner, Sun Africa, Sterling and Wilson Solar Solutions, the US-based company of Sterling and Wilson Renewable Energy (SWRE), has signed an agreement with the Nigerian government to construct solar and storage projects in Nigeria. The combined efforts of Sterling and Wilson Solar Solutions will develop 455 MWh of battery storage and 961 MWp of solar installations.
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In a 30-year agreement, Solar Bay and Logos will construct and operate 60 MW of rooftop solar PV and 150 MWh of battery energy storage to provide network and retail energy services to Moorebank Logistics Park (MLP) tenants in the New South Wales capital’s Port Botany. According to the reports, Logos will fund the construction, with Solar Bay managing the embedded network.
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Amp Energy, a worldwide Energy Transition Platform and renewable energy provider, has finalised funding on its $155 million 61 MW/ 6.5 MWh solar plus storage portfolio in Massachusetts and New York. KeyBank led the construction and term debt, with US Bank investing the portfolio’s tax equity in the fourth deal between the three parties since 2017.
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Longroad Energy Holdings, a US-based developer and holding company for renewable energy, has announced a $500 million equity investment from MEAG, an asset management subsidiary for Munich Re entities. Although Longroad now owns a 1.5 GW net ownership operating portfolio, the developer has a record of developing and acquiring 3.2 GW of projects.
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Total demand for battery metals is forecast to jump by 50% this year to 4.8 million metric tons, and race to over 17.5 million tons by the end of the decade. Demand for lithium is set to grow the fastest, surging more than sevenfold between 2021 and 2030. The key question is whether there is sufficient supply to meet booming demand. Battery metals markets are expected to be tight in 2022 as rising demand coincides with inflationary pressures and supply chain constraints.
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Iberdrola, a Spanish energy company, has formally opened the hydroelectric storage project at Tâmega Gigabattery in Portugal. The 1.1 GW project was constructed over a period of eight years with an investment of more than €1.5 billion. It comprises the Alto Tâmega, Daives, and Gouve power plants and has a 40 million kWh storage capacity, which is sufficient to supply domestic energy requirements of 11 million people for 24 hours.
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