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.
The Lightyear One, developed by Dutch startup Lightyear, is now available for general sale at a retail price of €119,000. Company hopes to secure 200 orders by end of year.
Cheaper battery prices sees storage playing a broader role in energy markets, particularly for commercial customers seeking to reduce peak consumption, according to research from McKinsey.
Global firm commits to cut emissions from ground fleet by 12% by same date, and targets one in four of all vehicle purchases to be electric or hybrid by 2020.
Deal sees the U.S. microinverter specialist license its marketing, sales and manufacturing rights to Flextronics, one of the world’s largest global electronics manufacturers and a longstanding partner of Enphase.
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