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Electricity Market

Highview Power Gets £10 Mn Grant From UK Govt for 50 MW CRYOBattery

Highview Power has been awarded a GBP 10 million grant from the UK Department for BEIS for a 50 MW cryogenic energy storage (CRYOBattery) facility. Highview Power, a global leader in long-duration energy storage solutions, has announced that it has been awarded a GBP 10 million grant from the UK Department for Business, Energy & […]

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Dark Clouds Gathering Over C&I Segment, Says ICRA

In a report carried by wire agencies, ICRA’s (Formerly Investment Information and Credit Rating Agency of India) sector head and VP Girishkumar Kadam has been quoted as saying that renewable energy developers, based on third party or group captive off-take remain exposed to regulatory risk. The segment, called the C&I or commercial and industrial segment […]

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Greenbacker Acquires Energy Storage System Portfolio From Stem

Greenbacker Renewable Energy has purchased the rights to a 7.9MW /16.5MWh portfolio of 16 operating and to-be-constructed energy storage systems from Stem Greenbacker Renewable Energy Company has announced that on June 9, 2020, through a wholly-owned subsidiary, it purchased the rights to Pacifica Storage LLC, a 7.9MW / 16.5MWh portfolio of sixteen operating and to-be-constructed […]

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IEA Offers Sustainable Recovery Plan to Governments to Boost Economic Growth

IEA has outlined energy-focused policies and investments in a new Sustainable Recovery Plan to move the world towards a cleaner and more resilient future. The International Energy Agency (IEA) has, based on an analysis conducted in cooperation with the International Monetary Fund (IMF), outlined energy-focused policies and investments in a new Sustainable Recovery Plan to […]

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SC Cancels Green Energy Association Appeal on CERC’s REC Price Revision

The apex court has dismissed the application of Green Energy Association (GEA) seeking a stay on price revision of REC (Renewable Energy Certificates) by power sector regulator Central Electricity Regulatory Commission (CERC). The Supreme Court (SC) bench headed by Justice Arun Mishra took cognizance of a matter on June 16, 2020, and dismissed the application […]

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Australia to add 1.2 GWh of Energy Storage Capacity in 2020: WoodMac

According to new research, Australia is set to add 1.2 GWh of energy storage capacity in 2020, more than double the 499 MWh installed in 2019. According to new research, Australia is set to add 1.2 gigawatt-hour (GWh) of energy storage capacity in 2020, more than double the 499 MWh installed in 2019. This takes […]

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Investments in Distributed Energy Likely to Rise Up to 75% by 2030

With the market set for a decade of high growth, the rate of annual investment in distributed energy resources (DER) likely to increase up to 75 per cent by 2030, as analyzed by a leading business consulting firm. The Frost & Sullivan in its recent analysis, ‘Growth Opportunities in Distributed Energy, Forecast to 2030’, finds that favorable regulations, […]

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Sonnedix, Natixis Close Financing for 100 MW Solar Portfolio

Sonnedix and Natixis have successfully closed senior facilities totaling USD 87 million for an expected 100 MW solar PV portfolio in Chile. Sonnedix, a global solar independent power producer (IPP), and Natixis have successfully closed senior facilities totaling USD 87 million for an expected 100 MW portfolio (Sonnedix PMGD Portfolio) of approximately 20 solar photovoltaic plants in Chile. The Portfolio consists […]

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COVID-19 Expected to put Financial Stress on Chilean Discoms & Gencos: GlobalData

With the outbreak of the COVID-19, Chilean Discoms are supplying electricity to the customers despite non-payments from them and hence, the utilities are finding it difficult to pay back to the generators as per the PPAs. With the outbreak of the COVID-19, Chilean distribution utilities (Discoms) are supplying electricity to the customers despite non-payments from […]

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