Solar

Dubai’s Invitation For Innovative Companies To Meet 21st Century Challenges

Dubai is to create a new program to reward innovative companies around the world. The Companies will compete to solve seven key “21st-century challenges”. The program is designed to create new partnerships, deploy new technologies and test them at the city-wide scale and is another example of Dubai’s deepening commitment to becoming a test bed for futuristic technologies and businesses that are intended to change the future of Dubai.

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Looking To The Future, Nagasaki Airport Completes 30MW Solar Power Plant

SOL de Omura Minojima Solar Power Plant is the biggest solar installation in Nagasaki and is also one of the biggest in Japan. It is located next to Nagasaki Airport’s 3,000-meter runway and expected to generate approximately 37 gigawatt-hours of electricity per year, equivalent to the annual power consumption of 7,500 households in Japan. The project benefited from the support of regional companies, and electricity generated by the power plant is being sold to Kyushu Electric Power Company.

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New York State To Generate 50% Of Its Electricity From Clean Energy By 2030

The third-largest state economy in the US will soon obtain half of its electricity needs from renewable energy thanks to a new measure approved by the New York Public Service commission. The Empire State’s new Clean Energy Standard will diversify the state’s electricity by requiring utilities and other energy suppliers to procure over 26 percent of the state’s electricity mix with clean and renewable energy resources, including solar and wind power, in 2017, and over 30 percent by 2021, rising to 50 percent by 2030.

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CLP India Plans $1Billion Investment In Solar. Global Investors Flock To India

One of India’s largest foreign investors in its power sector, CLP India Pvt. Ltd intends to enter the solar energy sector in order to grow the number of shares it holds in renewables. The Hong Kong-listed CLP Holdings Ltd unit is planning a $1 billion investment in return for 1GW of solar power capacity during the next 3-5 years. In order for India to meet its 2022 target of 100GW of solar power and 60,000MW of wind power, the country will need as much as US $200 billion. As a result, global investors, international renewable energy companies, and pension funds are flocking to India.

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$345 Million Raised By SolarCity In June And July For New Solar Projects

In addition to the $345 million raised in June and July, SolarCity’s capital markets team has raised more than $1.5 billion in project financing to date in 2016. Investment in rooftop and other small-scale solar is expected to attract $3.4 trillion over the next 25 years, according to Bloomberg New Energy Finance. The company is also evaluating how the installation of the smart inverters and battery storage systems for residential rooftop solar customers can enhance grid stability and power quality.

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EON Advances Grid Stability With 10MW TEP Energy Storage Agreement

E.ON Climate & Renewables North America today announced it signed an agreement with Tucson Electric Power (TEP) to provide frequency response and voltage control from a grid-scale, 10(MW) battery energy storage facility with a 2 MW solar array. The Iron Horse Battery Energy Storage Project will be located adjacent to theUniversity of Arizona Science and Technology Park southeast of Tucson. The project is expected to be completed in the first half of 2017.

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East Africa: Mobisol Installs 50,000 Solar Systems, Connects 250,000 Households

The Berlin-based company’s solar systems are powerful enough to cover the entire electricity needs of average African households. The solar systems are paid off over three years in small instalments and are thus also affordable for low-income customers. Mobisol systems are designed specifically for the African market and come with an extended warranty and comprehensive customer service – including remote maintenance via the well-developed East African mobile network.

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Record Crowds Attend Intersolar and ees North America 2016

Intersolar North America, the most-attended solar industry event in North America, drew a record crowd of more than 18,000 from over 80 countries to its ninth annual exhibition and conference in San Francisco last week. Attendance was boosted by the co-located ees North America, an exhibition and conference dedicated to the energy storage market. ees added significantly to the event’s exhibitor base, with 41 percent growth over the previous year.

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SoftBank Investment In India Could Exceed $10 billion. Emphasis On Clean Energy

With a series of investments in India already, SoftBank claims its investments in the country will exceed $10 billion during the next 5 to 10 years. Masayoshi Son, Chairman, and CEO of SoftBank stated that the Japanese telecom and internet giant will make its first $350 million investment in a solar project in India. “We have already invested US $2 billion and we are interested in investing more,” he said. “India has a great future. We are interested in investing in Internet companies and also in solar energy. We would make strong commitments.”

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SPI Energy From China, Completes And Grid Enables 2.4MW PV Plant in Japan

Located 50km north of Tokyo, the utility-scale Nishiura PV plant covers a total land area of 26,562 square meters and will produce around 3 million kWh of solar electricity per year. The power generated by the 2.4 MW solar park will be sold to a Japanese company under a 20-year power purchase agreement for 831.6 million yen, under which the project will receive 32 yen/kWh of electricity produced under Japan’s feed-in tariff (FIT). SPI Japan owns 100% of the project and will oversee all operations and maintenance requirements of the plant over the course of its lifetime.

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