Saudi Arabia’s Public Investment Fund (PIF), has signed a Memorandum of Understanding (MoU) with SoftBank Vision Fund (SBVF) to jointly fund the development of 3 GW of solar photovoltaic and storage capacity in Saudi Arabia.
Energy Storage News
Powin Energy Closes Project Financing from Brookfield Renewable for its Stratford Energy Storage System
Powin Energy Corporation has secured construction to term project financing from renewable power company Brookfield Renewable Partners for its 8.8 MW/40.8 MWh Stratford Energy Storage Project in Stratford, Ontario, Canada
SUSI Energy Efficiency Fund has closed its second transaction in the Spanish market financing a public energy efficient lighting agreement signed between the Spanish energy service company Rubatec and the municipality of Calafell, near Barcelona (Spain).
A new large-scale battery, will be built in South Australia with support from the Australian Renewable Energy Agency (ARENA).
The State Government of South Australia is calling for expressions of interest (EOI) from businesses interested in accessing a share of a AUD150 million (US$119 million) Renewable Technology Fund (RTF).
The Queensland Government’s auction for 400MW of large-scale renewable energy generation and storage has attracted interest from more than 200 business, including project developers, investors and local small businesses.
RES (Renewable Energy Systems) has announced the acquisition of its 20MW energy storage project in Broxburn, West Lothian, by The Renewables Infrastructure Group (TRIG), a London-listed investment company advised by InfraRed Capital Partners.
Cypress Creek Renewables has announced its collaboration with United Renewable Energy to co-develop a series of 12 solar-plus-storage projects with Brunswick Electric Membership Corporation (EMC) in North Carolina.
The European Investment Bank (EIB) may provide finance to Gambia’s National Water and Electricity Company for a solar power-plus-storage and grid upgrade project in the country.
The AES Corporation has announced the closing of US$2.0 billion in long-term, non-recourse financing for its 1,384 MW Southland repowering project in Southern California.
EWE GASSPEICHER GmbH, a wholly owned subsidiary of the Oldenburg-based utility company EWE, has announced its intentions to build the world’s largest battery by employing the well-known redox flow battery principle (in which electrical energy is stored in a liquid) along with new, environmentally friendly components in underground salt caverns.
Enel Green Power North America, Inc. (EGPNA), an Enel Group subsidiary, has signed an agreement, unanimously approved by the board of directors of US-based company EnerNOC, to purchase 100% of EnerNOC for a total consideration of approximately US$250 million.
Enel has purchased the Tynemouth stand-alone battery energy storage system (BESS) project located in Newcastle, in UK, by acquiring 100% of the shares in Tynemouth Energy Storage Limited from the European based energy developer and operator Element Power.
North Sky Capital has announced the closing of two investment funds at US$300 million.
The San Diego County Water Authority board of directors has authorized the Water Authority, in conjunction with the City of San Diego, to begin seeking detailed proposals for a potential energy storage facility at San Vicente Reservoir.
The SUSI Energy Storage Fund (SESF) has reached a first closing of €66 million (US$70 million).
TRIG, The Renewables Infrastructure Group Ltd, is considering the potential acquisition of a battery storage project and a Welsh wind farm in Scotland for a total amount of £100 million (US$125 million)
The State Government of South Australia has opened a two-week Expression of Interest period for national and international companies interested in building Australia’s largest grid-scale battery in South Australia.
The government of the Australian state of Victoria has announced a call for Expressions of Interest to build Australia's first grid scale battery storage facility.