California Extends Self-Generation Incentive Scheme

Governor Jerry Brown Signs SB700 Into Law Extending Self-Generation Incentive Program In California By Five Years; CALSSA Expects More Than 2.5 GW Behind-The-Meter Energy Storage Installations By 2026

California Governor Jerry Brown’s (in the picture) signing of SB700, which extends the state's Self-Generation Incentive Program by another 5 years, is expected to lead to more than 2.5 GW of total behind-the-meter storage systems capacity by 2026, according to CALSSA.

Moody’s Hails India’s Efforts On RE Front

New Moody’s Report On India’s Transition To Low-Carbon Energy Mix Forecasts Renewable Energy Generation To Account For 18% In Country’s Energy Mix By 2022, As Fossil Fuel Based Generation Drops Down To 55% From Current 67%

Wind and solar power tariffs either reaching a comparable level with domestic coal-based generation or even going lower is contributing to the rising share of renewables in the country, according to Moody’s Investors Service new report, ‘Infrastructure and Project Finance-India: Transition to low-carbon energy mix is work in progress’.

200 GW Saudi Solar Project Put On Hold

SoftBank & Saudi Arabia’s Ambitious Solar Power Project With 200 GW Capacity Not Taking Off; Country To Announce ‘Practical Strategy To Boost Renewable Energy’ In October 2018: Wall Street Journal

The ambitious solar power project with 200 GW capacity that was announced by Japan’s SoftBank in March 2018 to come up in Saudi Arabia, has been ‘put on hold’, according to Saudi government officials as reported by the Wall Street Journal (WSJ).

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