Ofgem’s plan for network charges triggers renewables sector backlash
Ofgem passed its long-awaited, controversial plan for network charges last week, despite earlier warnings against the move. The UK electricity market regulator’s Targeted Charging Review has provoked a backlash in the renewables sector, as many believe that the plan will damage the economics of distributed energy resources and unsubsidized onshore wind and solar development.
Powering the investment case for battery storage
The U.K. government was the first major economy in the world to pass laws to end its contribution to global warming by 2050. But to achieve this ambition is going to take some major changes – not least of which to the U.K.’s power network.
Mirova raises €857m in Eurofideme 4 funding round for renewables
The investment manager is now Europe’s largest renewable energy fund. The €1.3 billion group already has a 1.8 GW generation portfolio.
EDF Pivots towards bigger electric vehicle and storage activity
The French energy giant has acquired U.K. start-up Pivot Power, which has a 2 GW pipeline of storage projects in Britain.
UK’s Labour announces plans for 22 GW of new solar capacity by 2030
Although PV trails wind and nuclear in terms of its anticipated future footprint, the opposition party’s attempt to outflank left of center rivals on climate change has resulted in one of the world’s most ambitious national roadmaps towards a zero-carbon future.
Tesla-based battery project launched in Slovenia
New company NGEN appears to have introduced the Powerpack battery to central Europe in a €15 million, 12.6 MW/22.6 MWh project in the northwest of the country which is the first of two planned utility scale systems due for completion by July.
GE to supply 100 MW/300 MWh battery for South Australia solar farm
GE Renewable Energy has been chosen to supply a massive battery for the 200 MW Solar River Project in South Australia.
Austria mulls mandatory PV as new rebates for solar and storage launched
With the region of Styria considering making PV mandatory on all new buildings, the nation’s Climate Fund will support PV and storage projects in agriculture and forestry. Applications can be submitted by November 2020 – or until the pot is empty.
Solar microgrid to power Australian industrial park
A consortium led by gas network owner Enwave Australia is developing Australia’s first industrial renewable energy microgrid at a new 120-hectare business park in Nambeelup, Western Australia.
RES battery prevented complete blackout in the UK
On August 9, a thunderstorm caused 1.5 GW of generation capacity to go offline within seconds in the U.K. The incident caused millions of households to temporarily lose power but the situation could have been considerably worse if not for the country’s battery storage reserves.
