The Northern Territory government has committed $12 million (USD 8.05 million) in its latest budget to accelerate the development of a “sustainable” industrial hub that will be largely powered by renewables as it looks to continue the overhaul of its electricity system.
The Malaysian government is developing a new strategy to expand renewable energy use in the country and also boost the domestic renewable energy industry.
Australia’s largest rail infrastructure project, the 1,700-kilometre Melbourne – Brisbane Inland Rail freight line, has made the switch to solar to power its signalling systems with the move expected to deliver an estimated $25 million (USD 16.93 million) in cost savings.
Chinese inverter and storage company Sungrow and Australian developer Green Gold Energy have signed an agreement to collaborate on “at least” 500 MWh of battery storage projects within the next three years – most to all of which will be DC-coupled. Relatively new to Australia’s grid-connected battery landscape, DC-coupled batteries will soon be able to trade on lucrative FCAS markets thanks to imminent rule changes, providing a firmer foothold for the technology in Australia.
Chinese solar and storage technology manufacturer Sungrow has strengthened its commitment in Australia, inking new distribution agreements that will deliver at least 550 MWh of the company’s energy storage system solutions and 250 MW of its inverters into the Australian market.
Chinese solar module maker Risen Energy has launched two new n-type panels into the Australian market, targeting both the rooftop and large-scale PV markets.
The International Renewable Energy Agency has released new data on the cost of capital for solar PV, onshore and offshore wind in the period between 2020 and 2021. Results show that Australia has the second lowest cost of capital in the Asia Pacific region at 4.6%, beaten out by China at 3.9%.
Public housing tenants in the outback town of Alice Springs are set to share in the benefits of renewable energy with the Northern Territory government launching a rooftop PV and battery energy storage trial that will help inform the planning of future public housing builds and management of solar power on current stock.
The International Energy Agency expects Australia’s “outstanding” economic fundamentals for residential and commercial rooftop solar will see the sector stabilise in 2023 after a new report revealed the PV market contracted in 2022.
An international research team has presented all possible system designs and applications for photovoltaic-thermal (PVT) technology. Their review includes conventional PV-T collectors, air-based systems, liquid-based installations, water-based collectors, refrigerant-based systems, heat-pipe-based technologies, dual air-water systems, building-integrated PVT arrays, and concentrated PVT collectors.
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