Sinovoltaics ’s Post

If you thought the energy transition was reserved for utility grade solar, you were wrong 🤓 #Distributed #energy investment is growing, especially in the last 12-18 months, with Wood Mackenzie research predicting the distributed energy market in the US would nearly DOUBLE in capacity from 2022 to 2027, with capex reaching $68 BILLION per year. That's 262 GW of DER capacity installed from 2023-2027, with 272 GW in utility scale installations in the same timeframe! What's driving the change? Well, definition is one. Installations under 20MW are now considered part of this segment. But the ability to skip a decade-long interconnection queue for utility scale is another. "With the right platform we think that there's ... a repeatable pathway to developing and delivering these projects in comparison to the utility-scale market where we've experienced delays..." says Jake Erhard, partner at Arclight. The InRange platform is deploying megawatts of distributed energy on the UK's C&I rooftops, and driving the distributed energy revolution. Learn more: https://lnkd.in/eMG-zSiR #infrastructureinvestor

Once just regarded as small rooftop solar assets, the distributed generation sector is becoming the target of #infrastructurefunds in the US. We find out why. Zak Bentley #Renewables #GPs #Energy #EnergyTransition

Clearway Energy Group has secured financing and commenced construction on the Pine Forest Solar and Energy Storage Projects in Hopkins County, Texas. This $665 million investment includes a 300 MW solar project and a 200 MW standalone energy storage system. These projects will generate enough power for over 90,000 homes, supporting grid reliability and delivering low-cost, clean energy. Dell Technologies and Universal Corporation have contracted long-term agreements, furthering their sustainability goals. Dell's portion will help the company meet its U.S. renewable energy needs, while Universal's share will offset 100% of its electricity usage in the U.S. The Pine Forest projects will also benefit the local community by creating 350 construction jobs and generating more than $58 million in property taxes over the next two decades. Clearway’s efforts are helping to build a sustainable future for Texas and beyond. #solarenergy #renewables #cleanenergy #sustainability #energytransition #solarpowerplant #solarpowered

🌞💼 Empowering Solar Expansion: CIP Invests in Elgin Energy! 💡🍀 With a joint investment totalling GBP 250 million ($316.8 million) from CIP and Elgin's management, this strategic move positions Elgin as a fully integrated solar and storage company and an Independent Power Producer (IPP). 💰⚡ The infusion of capital will fuel Elgin's growth trajectory, enabling it to spearhead innovative solar projects and contribute to the global transition to clean energy. 🚀🌱 CIP's investment through its flagship fund, CI V, underscores its commitment to advancing renewable energy technologies worldwide, with a keen focus on Europe, North America, and the Asia-Pacific region. 💼💡 Nischal Agarwal, a partner in the CIP Flagship investment team, expressed confidence in leveraging CIP's expertise to bolster Elgin Energy's journey towards becoming a prominent IPP. 🌟🔄 🌐 Don't miss the full article for deeper insights into this game-changing collaboration - https://lnkd.in/dNTNnpbT #ConnectingGreenTalent #Renewables #CleanEnergy #Sustainability

Big things are happening in the battery space. Sustainable Energy Infrastructure (SEI) and ACEnergy have announced plans to build a portfolio of 27 small battery storage projects across three Australian states that will total around 270 MWhr. To be built in two phases, the team will construct seven 5 MW/10 MWhr batteries in regional Victoria in the first phase and 20 projects with a combined capacity of 100 MW/200 MWhr located across SA, Victoria, and NSW in the second phase. ACLE Services Pty Ltd has been contracted to deliver, operate and maintain the projects. The projects may be on the smallish side but big news nevertheless! https://lnkd.in/gRzCMf8d #renewableenergy #renewables #renewablepower #renewablenergy #greenenergy #bess #batterystorage #bigbattery #energystorage #energygrid #transmission #energytransmission

📢 𝐄𝐱𝐜𝐢𝐭𝐢𝐧𝐠 𝐝𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐫𝐞𝐧𝐞𝐰𝐚𝐛𝐥𝐞 𝐞𝐧𝐞𝐫𝐠𝐲 𝐬𝐞𝐜𝐭𝐨𝐫! The UK just reached 𝟏𝟕 𝐆𝐖 𝐨𝐟 𝐬𝐨𝐥𝐚𝐫 𝐏𝐕 𝐜𝐚𝐩𝐚𝐜𝐢𝐭𝐲 as of July 2024, with a 7.5% year-on-year growth! 📈 𝖠𝖼𝖼𝗈𝗋𝖽𝗂𝗇𝗀 to the latest report by the Department for Energy Security and Net Zero, this comes as the government is considering reforms to accelerate the development of larger-scale solar farms. These changes could help unlock even greater capacity by streamlining the approval process for projects between 50 MW and 150 MW. 🌞 I’m proud to see our industry leading the way in supporting renewable energy transitions. At CBRE Global Workplace Solutions (GWS), we continue to drive sustainability through projects that incorporate solar and other green solutions for businesses nationwide. 🌱 If you're exploring how solar or other renewables can be integrated into your property, let’s connect to discuss! Together, we can create a more sustainable future. 💡 #RenewableEnergy #SolarPV #Sustainability #CBREGWS #NetZero #ProjectManagement #CBRE

🌞 **#SolarEnergyUpdate** 🚀 #Texas shines as the nation's leader in solar energy for the second year, outpacing #California with an impressive installation of over 6,500 megawatts in 2023. Houston emerges as a key player, driving the state's solar surge with significant projects and investments, spotlighting the city's strategic role in the global energy transition. 🏭 Highlighted projects include Elin Energy's solar panel manufacturing in Waller County and SEG Solar’s PV module plant in Harris County, signaling robust growth in local manufacturing capabilities. Lightsource bp's development of two new solar farms and TotalEnergies' operational 380-megawatt Myrtle Solar farm underscore the booming solar infrastructure capable of powering tens of thousands of homes. 🌱 This surge is backed by a record-breaking $27 billion investment in the fourth quarter of 2023 alone, cementing Texas' and Houston's pivotal positions in fostering sustainable energy solutions. 💡 As professionals in the energy, technology, and environmental sectors, let's discuss the impacts of these developments on job creation, innovation, and sustainability efforts. How can we further leverage Houston's energy transition initiative for global climate goals? #RenewableEnergy #Houston #EnergyTransition #Innovation https://lnkd.in/g_esazpd

As new wind and solar projects continue to stall at the gate, battery storage is having another record breaking year, with construction numbers for the 2024 calendar showing the market is on track to beat last year’s number, helped along by a halving in battery storage costs. According to analysts at Rystad Advisory, close to three gigawatts (GW) and eight gigawatt hours (GWh) of new battery storage capacity has started construction in 2024, and construction starts are expected to exceed 5 GW by the end of the year. Among the projects are the second stage of the Eraring battery, that will add 240 MW and more than four hours of storage (1030 MWh) to the first stage, which was a two hour battery sized at 460 MW and 920 MWh. #RenewableEnergy #CleanEnergy #Sustainability #GreenEnergy #SolarPower #WindEnergy #ClimateAction #EnergyEfficiency #Renewables #GreenTech

Battery storage projects in Australia are experiencing a record-breaking year in 2024, with construction starts expected to exceed 5GW by year-end, driven by a significant drop in storage costs. Analysts at Rystad Energy report that nearly 3GW and 8GWh of new battery storage capacity have commenced construction this year. The second stage of the Eraring battery, adding 240MW and more than four hours of storage, is among the major projects. Western Australia is also seeing a surge in four-hour battery projects aimed at time-shifting solar energy. David Dixon of Rystad highlights a dramatic fall in battery storage costs, now between $500 and $625 per kWh. BloombergNEF also notes rapid storage growth, with 7.8GW of new grid-scale batteries under construction. Read about it here: https://lnkd.in/gm_g9RYN Source: RenewEconomy Author: Giles Parkinson Parkinson #BatteryStorage #RenewableEnergy #EnergyTransition #GridStorage #AusEnergy

New insights from Wood Mackenzie Power & Renewables on the global #solarmarket outlook provide a window into Supply & Demand >> https://hubs.la/Q02hSWv90