Solar and wind power represent a US$1 trillion investment opportunity in Asia Pacific this decade, equivalent to two-thirds of the region’s total power generation sector, as countries move away from fossil fuel generation in favour of greener alternatives. That is according to a new Wood Mackenzie report, which reveals the share of wind and […]
World Bank approves China loan for US$750m energy storage accelerator programme
After approving investment for the acceleration of energy storage deployment in developing countries to the tune of US$1 billion a few months ago, the World Bank has now approved a US$300 million loan to do the same in China. China is the world’s most prolific installer of renewable energy and by the end of 2018 […]
Large-scale battery prevents Dutch wind farm’s power from being wasted
A 10MW battery energy storage system (BESS), which will allow a 24MW wind farm to keep generating energy even in times of oversupply, officially went into service today near Rotterdam, the Netherlands. The old stereotype of Holland as a country of windmills holds particularly true in this northerly region, where the old kind of windmills have been […]