United Arab Emirates-based clean energy company Masdar has completed the acquisition of Terna Energy in a €3.2bn ($3.3bn) deal. [pdf]
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NTPC has issued a request for qualification (RfQ) to select developers to set up 1,150 MW grid-connected solar power projects across 175 locations and 150 MW/150 MWh battery energy storage systems (BESS) at three locations in Cuba..
NTPC has issued a request for qualification (RfQ) to select developers to set up 1,150 MW grid-connected solar power projects across 175 locations and 150 MW/150 MWh battery energy storage systems (BESS) at three locations in Cuba..
State-owned power generator NTPC is seeking global bids on behalf of Unión Eléctrica de Cuba (UNE) for 1,150 MW of grid-connected solar PV and 150 MW/150 MWh battery energy storage system (BESS) projects in Cuba..
Battery energy storage systems (BESS) can help address the challenge of intermittent renewable energy. Large scale deployment of this technology is hampered by perceived financial risks and lack of secured financial models. Innovative financial models can encourage both project developers and users, resulting in widespread adoption of BESS..
Building a Cleaner, More Resilient Energy System in Cuba recommends numerous ways by which domestic policy in Cuba can prioritize working towards a more sustainable, resilient grid — especially by investing in the energy transition — and ways in which international cooperation can support these goals..
Unlike wind and solar projects, battery projects are not generating electricity. Rather, they provide a service and act as arbitrage assets. With a battery storage asset, electricity is bought and sold at different times of day to make money by storing electricity when prices are low and discharging it when prices are high. [pdf]
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