Week Review 25-29 July - China set for record solar growth; Storage capacity to double; Tesla updates

29 July 2016 by Tom van der Linden, Solarplaza

Digest of the most relevant solar news of the week that just ended.


China set to connect 30GW in 2016

After posting staggering numbers about the amount of solar capacity added to the grid in the first half year of 2016, China's National Energy Administration expects that over the whole of 2016, a total amount of 25-30GW can be expected to be grid-connected.

Global grid-connected storage capacity to double this year

According to a new report by IHS Markit, the global energy storage market will double this year, from the 1.4GW that was installed last year to 2.9GW this year. They project that global grid-connecty storage capacity will have surged to 21GW by 2025. 

Endesa takes full stake in Enel Green Power Spain

Enel Green Power International sold its 60% majority stake to Endesa for €1.2bln, which - together with the 40% stake they already owned - gives them full ownership. The company will be renamed as Endesa Renovables.  

Tesla opens Gigafactory

Though officially only14 percent complete, Tesla hosted an opening ceremony for the 'Gigafactory' that's set to shake up the energy storage industry and would nearly double the world's production of lithium-ion batteries.

Tesla & SolarCity close to merger

Reuters claims Tesla's takeover of SolarCity is very close to being approved, with significant progress regarding the due dilligence and the negotiations of terms of the agreement.

Portugal approves 180MW without subsidies; 2GW in waiting

Portugal is setting an example for unsubsidized and non-incentivized solar development, with the licensing of 180MW of solar PV projects under the market system. 68 other projects under similar terms - good for more than 2GW of power capacity - are still being processed.

UK Solar industry takes a hit: 1/3 of jobs cut

According to research of PWC and the Solar Trade Association, approximately one-third of UK jobs in solar have been lost, due to the fall of the market, caused by subsidy cuts and policy changes. Furthermore, 4 out of 10 solar-related companies are either exiting the market or strongly diversifying to survive.

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