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Canadian Solar CEO: Energy storage key to sustaining long-term, stable Australian PV market

Canadian Solar has been acquiring utility scale projects and signing module supply and EPC deals at a rapid pace in recent months. For Shawn Qu, Canadian’s Founder and CEO, he would prefer the market to continue at a stable level, rather than boom and bust. And he argues that the dual role of module maker and developer delivers value insights into pricing and technology trades – giving the company an advantage over rivals. 

Long read: Delays spell disaster for RCR

Too big, too fast: The solar industry is littered with graves of companies that flew too high and were burnt by the sun. There will be no second rising for Australian EPC RCR Tomlinson, which learned that fortunes can fade with frightening alacrity in the PV project business.

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Global battery storage pipeline reaches 15 GW

As data drifts in, 2018 is shaping up to have been a record-breaking year for battery energy storage, writes IHS Markit senior analyst Julian Jansen. Especially for front-of-the-meter projects, which experienced rapid growth. This growth was led by significant activity in South Korea, the United Kingdom, the United States, Australia, and China, which together accounted for 78% of battery energy storage projects commissioned in 2018, according to the Q4 2018 edition of the IHS Markit “Energy Storage Company and Project Database.”

LGCs: To surrender or not to surrender, that is the question

17 liable entities have failed to meet more or equal to 10% of their renewable energy target obligations, including major electricity retailers – Alinta, Lumo Energy, Simply Energy and EnergyAustralia. This has pushed the surrender rate to a record shortfall of 13.9% of total liability. Tristan Edis, Director Analysis and Advisory at Green Energy Markets, explains why retailers decide to carry obligations forward, and how the precipitous fall in the LGC value reflects on customer electricity bills and merchant projects.

SunPower launches Maxeon 3 in Australia, U.S. first in line for larger format A-Series

U.S.-based high efficiency module maker SunPower is introducing its new Maxeon 3 module series to the Australian marketplace. At 370W, 390 and 400 W, the modules lead the field for power output. U.S. customers will, however, be the first to see the company’s larger format A-Series modules.

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Storage preferred to net metering in Indonesia as new rules prove ineffective

According to solar body the PPLSA, around 300 PV system owners have already gone off-grid as the tariff granted for surplus power under net metering was not attractive enough. Several barriers are preventing net metering taking hold, including an obligation to either use locally made equipment or pay more to re-certify imported modules and inverters.

Risen’s Yarranlea approaches readiness for module installation

Construction on the 121 MW Yarranlea Solar Farm in Queensland is continuing, with tracker installation underway, setting the stage for module installation. The project, which is funded and managed by Risen in-house, is part of the company’s ambitious plan to develop 2 GW of large scale projects in the country.

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Snowy 2.0, new Tasmanian connector to deliver fresh opportunities for solar

The federal government’s decision to back the Snowy 2.0 pumped hydro project to the tune of $1.38 billion and the Marinus Link connector to Tasmania with $56 million sets the stage for solar to continue its strong growth in Australia. Analysis shows that additional energy storage capacity makes financial sense in the light of early coal retirements – and create a market for surging daytime solar generation.

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Australia shines for Neoen in 2018 results, Hornsdale big battery generates close to $29 million

Australian renewable energy projects have accounted for 53% of French developer and IPP in 2018. Globally, Neoen generated €227.6 million in revenues ($363 million), of which wind was responsible for 48% and solar 44%. Hornsdale’s “excellent performance” is spurring the company to expand its large scale storage portfolio in 2019.

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Energy Renaissance selects Cadenza as technology partner, aims to establish 1.3 GWh lithium-ion cell manufacturing in Australia

A bold plan to establish a 1.3 GWh lithium-ion battery cell and module factory in Australia has moved a step closer to reality with prospective manufacturer Energy Renaissance selecting U.S. battery cell developer Cadenza Innovation as technology partner. Energy Renaissance plans to have modules rolling off its first 300 MWh pilot line within one year.

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