Baghdad''s 2021 updated nationally determined contribution submitted to the United Nations Framework Convention on Climate Change is dominated by energy sector targets. Iraq''s goal is to reduce greenhouse gas emissions by 15% by 2030 – equivalent to 90 million metric tons of carbon dioxide per year.

The Biden Administration will more than triple the tariffs paid on batteries and battery parts imported into the US from China, from 7.5% to 25%, in a huge move for the industry. In a Fact Sheet issued by the White House today (14 May), the Administration said it would increase the tariff rate on lithium-ion batteries for electric vehicles (EVs

New York regulator signs off state roadmap to achieve 6GW energy storage target by 2030. June 24, 2024. The New York Public Service Commission (PSC) has approved plans to guide the state to its 2030 energy storage policy target, including solicitations for large-scale battery storage.

The unveiling of the new Act has been widely welcomed with Clean Energy Council Chief Executive Kane Thornton saying it marks a decisive moment for Australia''s ambition to secure a key place in the global clean energy industry after the United States'' $550 billion (USD 369 billion) IRA vastly redefined the international race to

April 10, 2019. China (pictured) and the US will be deploying more than half of the world''s energy storage into the mid-2020s, Wood Mackenzie analysts predict. Image: CATL. Grid-connected energy storage deployments have enjoyed a compound annual growth rate (CAGR) of 74% worldwide in the years 2013 to 2018, with a "boom" in deployment

Florence Jones June 23, 2023. Hungary seeks to increase storage capacity in order to offer greater gird flexibility. Credit: Dorothy Chiron via Shutterstock. The European Commission has approved a €1.1bn ($1.2bn) state aid energy storage scheme from the Government of Hungary. The scheme was approved under the EU''s Temporary Crisis and

Germany''s most recent PV subsidy policy 1. A tax-free tax credit : Electricity income is tax-free (German personal income tax in 22 years will be 14% to 45%): From January 2023, photovoltaic systems installed on the roofs of single-family homes and commercial buildings with a maximum capacity of 30 kW will be exempt from power generation income tax; b)

Chart: IEEFA. India has more than trebled utility-scale renewables tender capacity to 69.8GW in fiscal year 2024, 48% of which from solar PV. Out of the nearly 70GW of capacity tendered from 1

The unveiling of the new act has been widely welcomed, with Clean Energy Council Chief Executive Kane Thornton saying that it marks a decisive moment for Australia''s ambition to secure a key

There are a number of pathways available for the future of electricity supply in Iraq but the most affordable, reliable and sustainable path requires cutting network losses by half at least, strengthening regional interconnections,

The CEE energy storage market holds much promise but grants and subsidies might be needed to get it off the ground, said speakers on Day 1 of the Energy Storage Summit Central Eastern Europe (CEE) today. The two-day event kicked off today in Warsaw, Poland, with developers, policymakers, technology and service providers as

Power generation from renewable energy sources would increase Iraq''s energy security and reduce the power sector''s greenhouse gas emissions, which account for almost half of Iraq''s total emissions,

The new policy can accommodate approximately 13,000 residential applications with an average storage of 8 kWh, offering subsidies of EUR 600-890/kWh for energy storage capacity and 90-100% for the system. A small-scale installation rush is likely at the end of 2023.

In addition to rooftop solar, the Indian government also allocated INR8,500 crores (US$1.1 billion) to the country''s grid sector for the fiscal year 2024-2025, up from INR4,970 crores (US$663.5

This is the main focus of the 2024 edition of Renewable Energy Industry in Southeast Europe – a regional report by SeeNext. It includes an in-depth analysis of the progress made by each of the countries toward the integration of energy storage solutions and modernisation of the grid, an overview of recently installed new capacities, a rundown

A solar PV system in Cyprus, funded by the European Bank for Reconstruction and Development (EBRD) which came online in 2017. Image: EBRD. Cyprus has set out a policy framework for the integration of energy storage systems after reaching a funding agreement with the European Commission (EC).

This report maps out immediate practical actions and medium-term measures to tackle the most pressing problems in Iraq''s electricity sector. It also takes a detailed look at the country''s oil and gas sector, projecting

Croatia will provide some €500 million (US$534 million) in subsidies for battery energy storage system (BESS) technology, a government minister has said. Minister of Economy and Sustainable Development Damir Habijan revealed the funding, part of a larger €1.6 billion for energy projects, at the JANAF conference in Zagreb earlier this

The new market rules will allow grid operator Terna to run large-scale energy storage auctions. Terna will now run a consultation with the industry on the proposed new auction system and the first auctions should take place in late 2023/early 2024, two developers interviewed for a special feature in PV Tech Power (Vol.35)

Addressing the question of variability of renewables energy has been a key challenge for the energy transition. In many countries, thermal generation continues to drain scarce public resources, while deepening vicious cycles of power sector poverty traps. Yet, solar-plus-storage projects has the potential to reduce the dependency on thermal generation,

With a budget of $220 million, the GCC-Iraq line is supported by Kuwait and Qatar, and the GCC Interconnection Authority has already signed contracts with

Qatar''s Kahramaa said that its 1MW / 4MWh pilot has been connected to a 11kV substation at Nuaijia. It is aimed at securing electricity production capacity at peak times to boost electric system

In 2020, the scope of the previous subsidy scheme, SDE+, was broadened from renewable energy production to other CO2 emission reduction measures such as CCS within the SDE ++ scheme. The SDE++ is a subsidy scheme targeting technologies related to low carbon power and CO2 sequestration.

The falling costs of grid-scale battery energy storage system (BESS) technology, a topic that has been much discussed recently on Energy-Storage news, will support growth, BNEF said. It found that as of February 2024, a 2-hour duration turnkey BESS in China cost an average of US$115/kWh, a 43% decrease from a year before.

The work of the IEA on energy subsidies is incorporated into major publications in the World Energy Outlook series. In addition, the IEA has provided regular input to G20 and other international subsidy removal efforts since 2009, when G20 leaders committed to "rationalize and phase out over the medium term inefficient fossil fuel subsidies that

The state accounted for 27% of market volume in 2022 and leads in per-household installations. Image: Sonnen. The Australian market for residential battery storage grew by an estimated 55% in 2022 from the previous year, according to solar market consultancy SunWiz. The company''s latest annual report on the battery storage

BET Awards 2024. Simone Biles. World News. TotalEnergies would take on a 45% stake in the Basra Oil Company, with Iraq holding 30% and Qatar''s state-owned petroleum company taking the other 25%. Marc Ayoub, an energy policy expert at the Tahrir Institute for Middle East Policy, a Washington-based think tank, said the

This report maps out immediate practical actions and medium-term measures to tackle the most pressing problems in Iraq''s electricity sector. It also takes a detailed look at the country''s oil and gas sector, projecting that Iraq''s oil production will grow by 1.3 million barrels a day by 2030, becoming the world''s fourth-largest oil

The nearly 50GW of battery storage that could be online by 2037 will increase the wholesale market revenues for wind and solar assets and thereby reduce the amount of subsidies payed to those assets out of general taxation through the EEG (Erneuerbare-Energien-Gesetz/Renewable Energy Sources Act) scheme, which is

A 2022 analysis by the Qatar Environment and Energy Research Institute found that without major subsidies and a carbon tax, solar energy would be uncompetitive in Qatar at

Chancellor Rishi Sunak presented the Autumn Budget and Spending Review to the House of Commons in the UK''s parliament. Image: Gov.uk. The UK will exempt solar PV, energy storage and other clean energy technologies from business rate rises — the charges levied on non-domestic properties to pay for local services — from

Image: MITECO. The government of Spain is launching €280 million (US$310 million) in grants for standalone energy storage projects, thermal energy storage and reversible pumped hydro to go online in 2026. The Ministry for the Ecological Transition and the Demographic Challenge (MITECO) opened a public consultation into the grant

Energy storage resources are becoming an increasingly important component of the energy mix as traditional fossil fuel baseload energy resources transition to renewable energy sources. There are currently 23 states, plus the District of Columbia and Puerto Rico, that have 100% clean energy goals in place. Storage can play a

The Spanish Ministry of Ecological Transition (MITECO) has opened to public consultation a new incentive scheme for renewables and storage manufacturing. The first round of the scheme will

Image: Exiom. The Spanish Ministry of Ecological Transition (MITECO) has opened to public consultation a new incentive scheme for renewables and storage manufacturing. The first round of the

Clean energy advocates, industry groups and a growing number of state and national-level policymakers have been calling for an ITC for energy storage for some time. In March, Oregon 3rd District Congressman described the ITC as a "once-in-a-generation opportunity to drive the growth of energy storage and take long overdue

The government is already known to be keen to support the development of large-scale energy storage system facilities as a key tool for integrating the 500GW of non-fossil fuel energy generation it is targeting the deployment of by 2030 and in extending access to electricity across the country.. Last year''s Union Budget included an