China

Dealwatch: Primavera and Koch lead the way

The month of October saw a number of major energy storage investments with significant deals in China and North America in particular. Arguably most eye-catching of all was China-based Primavera Capital Group’s $600 million investment in two subsidiaries of storage products company Envision Group.


China bids for storage supremacy

BY KATHERINE DAMIAN AND BEN COOK:
China has announced its intention to bet big on energy storage.

The country’s National Development & Reform Commission has set a target of installing 30GW of new energy storage capacity by 2025.