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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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Pumped storage: Planning for 1.5 GW in Scotland, new alliance for 500 MW in Italy, progress on 600 MW Scottish project
Scottish energy storage company ILI Group has lodged plans for a major pumped hydro facility at a famous Scottish loch. Meanwhile, renewable energy developer Drax has appointed engineering firm Voith Hydro to move forward its plans to build a 600 MW project near Oban in Scottland. In Italy, Edison and Webuild have joined hands for a 500 MW pumped storage development.
Australian government to underwrite 1.4 GW of renewables, battery storage projects
The Australian federal government will underwrite a minimum of 1 GW new wind and solar projects and another 400 MW/1,600 MWh of storage capacity in South Australia to help the state progress to its net 100% renewables goal by 2027.
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Bulgaria’s battery storage market gears up
Bulgaria has installed between 40 MWh and 50 MWh battery energy storage capacity to date. However, a new national legislation as well as funds provided through the European Union’s Recovery and Resilience Facility could see the country install another 1 GWh over the next two years.
Global energy storage fleet to surpass 1 TW/3 TWh by 2033, WoodMac says
According to the latest forecast from Wood Mackenzie, the global energy storage market (excluding pumped hydro) is on track to reach 159 GW/358 GWh by the end of 2024 and grow by more than 600% by 2033, with nearly 1 TW of new capacity expected to come online.
Battery storage deployment in Canada kicks into gear
The deployment of battery energy storage systems (BESS) in Canada is picking up the pace, with the announcement of a 705 MWh battery storage system delivery to Nova Scotia by Canadian Solar's e-STORAGE and various other projects in provinces across the country. However, this surge cannot come quickly enough says Energy Storage Canada.
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Interview with Trina Storage: We expect consolidation in the coming years
In a recent interview with pv magazine Italia, Gabriele Buccini, head of utility storage at Trina Solar, talked about the company's vertical integration and its forecasts for the storage market. “There is enough capacity available to drive prices down in 2024 in an anomalous way,” Buccini said when talking about global battery energy storage production levels.
Pumped hydro projects declared high priority by NSW state government in Australia
Three pumped hydro projects that would deliver a combined 1,035 MW / 9,480 MWh of dispatchable capacity are among six projects that have been declared critical state significant infrastructure by the New South Wales (NSW) state government in Australia, potentially smoothing the way for their approval.
Rhode Island enacts energy storage law, targeting 600 MW by 2033
With the signing into law of the 2024 Energy Storage Systems Act, Rhode Island is targeting 90 MW of energy storage by 2026, 195 MW by 2028, and 600 MW by 2033. The state is also aiming to meet 100% of its electricity demand renewables by 2030.
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