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Australia adds record 9.1 GW of solar, wind and battery capacity
Australia’s energy market operator says the past financial year was the best yet for the completion of large-scale renewable energy projects in the country, with a record 9.1 GW of new generation and storage capacity reaching full output.
China targets battery and solar overcapacity with new consumption taxes
China will introduce new consumption taxes on batteries and PV cells from September 2026 and April 2027, alongside stricter energy efficiency standards aimed at reducing manufacturing overcapacity, promoting advanced technologies, and favoring more competitive, higher-efficiency producers.
Mexico’s Hidalgo PV-storage pipeline remains intact after Tulancingo exit
Mexico’s Hidalgo state government says the withdrawal of the environmental permit process for the 118.88 MW Tulancingo solar project does not affect three other PV-plus-storage projects with combined permits for 117.78 MW/358.45 MWh of battery capacity.
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Reducing battery storage taxes key to managing Brazil’s electricity price hikes
Brazil's solar trade body Absolar says reducing the tax burden on battery energy storage systems could reduce almost BRL 1 billion ($177 million) of curtailment-related clean energy losses since 2022 and help keep energy bills down.
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German state Schleswig-Holstein promotes commercial energy storage
Small and medium-sized companies can apply for financial support for storage systems. Electricity storage facilities must obtain at least 75% of their annual energy from a directly connected renewable energy plant to be eligible for a grant.
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Imported LFP battery cells from China could be cheaper than US-made products even after tariff hikes
While all lithium iron phosphate (LFP) battery cell supplies to the US currently come exclusively from China, local players are ramping up to start supplying the market from 2026 onwards. Different outcomes are on the table depending on the tariffs applied.
Global energy storage market: H1 2024 installation figures
Policy mandates in China have driven the global energy storage market in the first half of 2024 to new highs, backed by the rapid growth in the US market. Meanwhile, Europe posted mixed results. Robin Song, InfoLink Consulting’s energy storage analyst, breaks down the figures.
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