Mexican President Claudia Sheinbaum has unveiled a $23.4 billion plan to expand the national electricity system, targeting 13.02 GW of new capacity by 2030, including 4.67 GW of large-scale solar.
The scale of the need for flexible generation To meet New Zealand''s goal of Net Zero 2050 the economy is electrifying, and the country is developing more renewable generation. The
New Zealand should weigh its aspiration to achieve 100% renewable electricity by 2030 against the potentially considerable costs associated with achieving the last 2-5% of the target. New
Driven by the goal of energy transformation, Spain''s energy storage industry is full of potential, with continuous technological innovation and progress. The government has given strong support in terms of funds and policies, and the
Several CSP projects are underway to provide 100-hour+ energy storage. U.S. PV Deployment The International Energy Agency projects significant growth for photovoltaics
The case for long-duration energy storage remains unclear despite a flurry of new project announcements across the US and China. Global energy storage''s record additions in 2023 will be followed by a 27% compound
This report presents the findings and recommendations of a year-long research project initiated by EECA to better understand the value proposition of residential solar PV, including with the
Overview This report presents comprehensive information on, and analysis of, New Zealand''s energy supply and demand for the 2023 calendar year.
The future of energy in New Zealand With diverse renewable energy options, our country is well-positioned to transition to a sustainable, low-emissions energy system.
About 20% of New Zealand''s nearly 10 GW of operating power generation capacity is comprised of gas- and coal-fired resources, but those will soon be replaced as the country aims toward a
New Zealand''s Energy Outlook presents projections of future energy supply, demand, prices and greenhouse gas emissions, aimed at informing the energy debate.
Eku Energy, the battery storage platform of Macquarie''s Green Investment Group (GIG), has acquired an energy storage project in New Zealand, a move that marks its entry into the country.
A modern, affordable and secure energy system is fundamental to building a stronger and more productive economy. New Zealand''s energy system has served us well to
The market for utility-scale energy storage worldwide is expected to grow to a cumulative total capacity of 250 gigawatts by 2030, almost eight times the currently installed storage capacity.
Italy Solar Energy Market is valued at USD 18 billion, driven by PV capacity growth, government incentives like Superbonus, and tech advancements, with strong residential and utility segments.
Image by: Meridian Energy Ltd. The NZD-227-million project will create Meridian Energy''s first photovoltaic (PV) farm in New Zealand, the country''s largest electricity producer said on Tuesday. Apart from delivering
The global energy storage market is poised to hit new heights yet again in 2025. Despite policy changes and uncertainty in the world''s two largest markets, the US and China, the sector continues to grow as developers push forward with
New Zealand''s electricity system remains heavily dependent on hydro generation, especially in the South Island, where facilities like Manapouri and Clyde dams dominate.
The report forecasts average annual growth of 21% from 2023 to 2027, across all solar segments, New forecasts from BloombergNEF anticipate that the IRA will drive about 30 GW/111 GWh of energy storage in the U.S.
Is solar worth the investment in New Zealand? One of the key considerations for most people considering a home solar system is the potential return on their investment (ROI).
Global Investment in Renewable Energy (USD Billion) Investments in storage solutions, grid Interconnectivities and CSP, considered to have greater priorities recently. It is expected that
The biggest generation company in New Zealand presses go on its first big solar farm, and reveals some interesting data around its output and pricing.
Several CSP projects are underway to provide 100-hour+ energy storage. U.S. PV Deployment The International Energy Agency projects significant growth for photovoltaics (PV) in 2024 over the record-breaking year
Watch these video tutorials to learn how NREL analyzes PV projects with regards to LCOE, internal rate of return, and levelized cost of solar plus storage. They are part of NREL''s Solar Techno-Economic Analysis
The NZ Battery Project was set up in 2020 to explore possible renewable energy storage solutions for when our hydro lakes run low for long periods. A pumped hydro scheme at Lake Onslow was one of the options
Solar PV capacity accounted for 16.4% of total power plant installations globally in 2023, according to GlobalData, with total recorded solar pv capacity of 1,496GW. This is
While clean energy transitions rely on much higher levels of both equity and debt, capital structures also hinge on the widespread mobilisation of low-cost debt, e.g. for new capital-intensive, utility-scale solar projects
The revenue potential of energy storage technologies is often undervalued. Investors could adjust their evaluation approach to get a true estimate.
Executive summary New Zealand is experiencing an increasing penetration of wind and solar generation due to the economic viability of these sources, in line with the government''s
New Zealand could cover its electricity demand with a generation mix based exclusively on wind, solar, geothermal and hydropower by 2050, according to Transpower New Zealand, a state-owned
From a system-wide perspective, this characterising of financial returns to households reveals the potential contribution residential solar PV plus storage may ultimately make to reducing peak demand during times of scarce generation and/or network capacity. particularly for high power consumers.
It highlights one of the key economic benefits of solar PV with energy storage to New Zealand – as a replacement for peaking generation, and limiting the size of the transmission and distribution networks.
In the last section it was shown that time-of-use retail prices can, in some cases, improve the rate of return of solar PV with a battery compared to PV without a battery. However, the improvement is small and often occurs when there is a lower return for a system with a battery relative to one without.
Batteries alone do not solve the challenge New Zealand has of higher energy demand but lower renewable energy availability in winter. The combination of solar PV and batteries might help with this, especially if PV and batteries are deployed in locations with relatively higher winter solar generation.
Sarah Gillies tells PV Tech Premium that greater investment will be needed to stabilise the New Zealand electricity system, as the next two years will ‘continue to be challenging’. Image: Far North Solar Farm.
There are already plans for or construction of a number of large-scale solar projects in the country. For instance, in January 2023, Saft, a subsidiary of TotalEnergies, got a contract to establish New Zealand's first big grid-connected battery, which is worth $NZ186 million.
