In 2023, the Spanish energy company Grenergy announced the Oasis Atacama project with plans to invest EUR 1.5 billion (USD 1.6 billion) for the development of PV energy systems and EUR 800 million (USD 857 million) for battery energy storage. [pdf]
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Austria's new solar policy, effective April 2024, brings significant changes to the renewable energy landscape. For residential energy storage systems, the policy introduces a 3 EUR/MWh electricity transition tax, while increasing taxes and reducing incentives for small-scale solar systems. [pdf]
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Ezra Group, a South Sudan family-run conglomerate, on Monday announced the launch of a 20-MW solar power plant with a 14-MWh battery energy storage system in South Sudan, marking the country’s first major renewable energy project. [pdf]
A public-private partnership in South Sudan has launched the country’s first major solar power plant and Battery Energy Storage System (BESS) in the capital Juba, where it is expected to provide electricity to thousands of homes. [pdf]
Under the new legislation, solar, wind and biomass plants that receive FiTs up to EUR 166/MWh can claim capital expenditure for the purchase and installation of storage capacity up to EUR 100,000/MWh. [pdf]
A policy framework was published by the Department of the Environment, Climate and Communications in July 2024 “to clarify the role of electricity storage systems (ESS) in Ireland’s climate objectives and energy transition”. The Electricity Storage Policy Framework for Ireland [pdf]
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Below are the list of the top 5 inverter manufacturers in South America — Ingeteam, Ginlong (Solis) Technologies, Mitsubishi Electric Corporation, Enphase Energy, Omron Corporation. South America has seen significant growth in renewable energy adoption, particularly in the solar energy sector. [pdf]
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The latest policies on photovoltaic energy storage include:Removal of Energy Storage Mandate: China has introduced a significant policy shift by scrapping the energy storage mandate for renewable energy plants, which has previously driven a substantial portion of national demand1.Supportive Policies for Solar Power: There are ongoing efforts to implement more supportive policies aimed at maximizing solar power use and promoting healthier photovoltaic development, indicating a positive outlook for the industry2.Growth in Energy Storage Projects: The newly installed capacity of energy storage projects in China saw a significant increase, with favorable government policies contributing to this growth3.National Strategies for Carbon Neutrality: Shanghai is implementing national strategies that include the development of photovoltaic power and energy storage projects as part of its carbon neutrality goals4. [pdf]
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The United Nations Development Programme (UNDP) and the Government of Japan have announced a $1 million initiative to bring solar-powered infrastructure to the Blue Nile and White Nile states in Sudan. [pdf]
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Spain's photovoltaic energy storage policy includes several key initiatives:The European Commission has approved a €700 million aid scheme for large-scale electricity storage in Spain, which will support standalone energy storage sites and projects alongside renewable energy facilities1.The Spanish government has set an energy storage target of 22.5GW by 2030 as part of its updated National Energy and Climate Plan (NECP)2.By 2030, Spain expects to install 22.5GW of energy storage projects, which will include various technologies such as battery energy storage and pumped hydropower3.These policies reflect Spain's commitment to enhancing its renewable energy infrastructure and storage capabilities. [pdf]
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