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Italian utility Enel will invest around €70 billion (US$78 billion) by 2030 to scale up its renewables and energy storage portfolio as it brings forward plans to reach net zero to 2040.
French renewables developer and power producer Voltalia saw its annual electricity production reach a record high last year, with the company boosted by a 25% rise in installed solar capacity.
Trade association SolarPower Europe has welcomed a proposal from the European Union’s executive branch that would see all new buildings in the bloc be powered by renewables “as far as possible” and emit no on-site carbon emissions from fossil fuels from 2030.
Swiss fund manager SUSI Partners is exploring PV-plus-storage investment opportunities, building on a string of announcements in recent months that have seen it bolster its utility-scale solar position in markets such as Poland and Italy.
TagEnergy and Harmony Energy have confirmed construction has started on a 49MW/98MWh standalone energy storage system (BESS) situated near Abernethy, Scotland, with financial support from Santander UK.
Exagen has confirmed that it has submitted plans for a 500MW/1GWh battery storage mega-project to Blaby District Council.
The Department for Business, Energy and Industrial Strategy (BEIS) has provided over £32 million to five energy storage projects across the nation to support the development of new technologies such as thermal batteries and liquid flow batteries.
Renewable Power Capital (RPC) is set to work with UK battery storage firm Eelpower to develop 1GW of utility scale energy storage capacity in the UK.
NextEnergy Solar Fund has acquired a “strategic portfolio” of battery storage development projects located in a grid-congested area in the East of England.