Some 42% of the world’s coal generators run at a loss
Carbon Tracker has released a report claiming it is cheaper, in many markets, to construct new renewable generation assets instead of running legacy coal-fired power plants. Billions could be saved for customers, while profits in the two-digit billion-dollar range look set to be lost by the coal industry.
Scatec Solar raises the stakes in South African PV
Norwegian developer Scatec has upped its holding in three operational PV projects in South Africa. Each of the plants is operating under a 20-year PPA with utility Eskom. Scatec’s investments in the country are secured by guarantees from the World Bank Group.
Hanergy opens up with details of China’s new Great (Han)Wall
Thin-film manufacturer says its skyscraper product, which can be retrofitted, will open up a new BIPV marketplace – but spokesman sidesteps question of whether Trump’s solar duties will apply in the US.
Decentralized solar-plus-storage would fire sub-Saharan Africa
According to a UC Berkeley study, the falling costs of storage technologies will make it possible for Sub-Saharan countries to rely on decentralized systems based mainly on solar-plus-storage, bringing access to electricity to more than 600 million people.
World Bank to devote $1 billion to storage in developing countries
The Accelerating Battery Storage for Development program is intended to leverage US$4 billion in new investments, and to support projects for utility-scale solar parks with battery storage, off-grid systems, including mini-grids, and stand-alone batteries.
Eni joins race for Africa’s clean energy market
Via an agreement with the United Nations Development Programme (UNDP), the Italian oil company aims to increase its presence in Africa’s renewable energy markets. It already invests more than half of its budget in the region.
Solar to account for 9% of new energy capacity in Africa in next 2 years
An Africa power sector scorecard shows that solar will make inroads into the African energy sector over the next two years, accounting for 9% of new capacity additions, as renewables uptake across the continent continues to grow.
Malawi needs technology roadmap for national PV drive
According to South African research institute CSIR, the southeast African nation may raise its target for rooftop solar to 50,000 installations by 2030. The institute is seeking consultants to define the future solar roadmap for the country.
Africa: UK announces £56 million for battery storage, support for solar
The U.K. Government says it will make £56 million available for battery storage technologies in South Africa. Nigeria also saw the next phase of the U.K.-Nigeria Climate Finance Accelerator unveiled; while the continent as a whole, is set to benefit from further partnerships and investment in both solar and climate change.
Canadian Solar, ET Energy to build 132 MW of solar in South Africa
Canadian Solar Inc. and ET Energy will deliver EPC services to two large-scale solar PV projects totaling 132 MWp for South Africa’s BioTherm Energy.
