A slump in demand would weigh more heavily on the storage industry than a temporary production shutdown and IHS Markit analysts say that is where the risk lies, rather than with a temporary shortage of battery cells. A similar prediction has been made for the PV market.
The prime ministers of Australia and Singapore have agreed to work together on practical projects and initiatives in developing hydrogen markets and renewable electricity trade.
As Australian governments ready and implement economic stimulus and recovery packages in the face of the Coronavirus outbreak, the Clean Energy Council is calling on them to back renewable energies. Clean energy can stave off economic impacts and pave the road to recovery.
The REC Group’s novel Alpha 72 module has tested through the roof and is looking to come in on the roof of the market, literally. pv magazine Australia sat down with REC’s Paul Scerri to lay the module out.
Tesla’s Nevada operation is still open for business, though. The EV and battery maker has assured the market its cash position is strong enough to weather an “extended period of uncertainty”.
“This has been one of the most challenging summers on record …” begins the communique from Friday’s meeting of the COAG Energy Council. The Coronavirus could achieve what drought and bushfires failed to bring about — a coordinated governmental and industry response to ensuring that our energy system — irrevocably in transition towards renewables — becomes more secure, reliable and fit for purpose along the way.
The impact of COVID-19 will leave its mark on our society and economy while a sliding Australian dollar is likely to make imported goods more expensive. In its webinar held on Thursday, the Smart Energy Council is discussing business tips on how to weather the storm over the next six months. And a question arises: Can residential and commercial solar and storage buck the trend against the economic recession which is on the way?
The energy market operator has enacted a full suite of pandemic responses to provide the maximum possible protection of essential supplies in these trying times for critical operations and people.
Byron Bay’s Smart Energy is seeing an unprecedented surge in sales and enquiries of solar and home storage as consumers look to shore themselves up in uncertain times.
U.S.-owned analyst Wood Mackenzie expects solar demand to decline but predicts the market will recover, with the prospects for the energy transition remaining intact.
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