The second quarter financial results for the Chinese-Canadian solar firm reveal above-guidance growth in revenue and shipments, while profit rises to $168 million for the quarter.
IHS Markit expects li-ion battery prices to fall below $200/kWh by 2019, and for the cumulative installed base of energy storage to reach 52 GW globally by 2025, up from 4 GW today.
The renewables arm of the French energy giant has bought the Switch Station 1 and Switch Station 2 projects for an undisclosed sum.
The funding is for 48 identified solar projects spanning two SunShot programs designed to advance solar power technologies in the U.S.
The installation will be paired with a wind farm in South Australia. At 129 MWh, it will become the world’s largest lithium ion battery project, and is being developed in conjunction with French renewable energy firm Neoen.
Study from Climate Transparency shows that while green finance among G20 nations has been stepped up, legacy commitments to fossil fuels mean countries will miss “well below 2 degree” warming limit set at Paris Agreement. Fossil fuel spending still four times higher than renewable spending, Oil Change International report also finds.
Inequality will widen with many poorer parts of the US on course to see their income reduced by 20% if climate change continues to accelerate.
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