Photon Energy reported raised revenue from sales of electricity in the second quarter of the year, compared with 12 months earlier, but said grid hold-ups at 14.6 MW of solar projects Down Under had affected performance.
The world’s biggest solar PV and storage project is set to get even larger with the Singapore-based Sun Cable announcing it plans to increase the renewable energy generation and storage capacity of the $26 billion Australia-ASEAN Power Link being developed in northern Australia.
For the first time in the history of our national energy market, solar generated more electricity than coal, providing 41.4% of the national market on Sunday, while coal accounted for 41.2%.
The state-run energy company has commissioned a 25 MW plant on the reservoir at its Simhadri thermal power station, in the state of Andhra Pradesh. The installation features more than 100,000 solar modules.
The risks posed to renewable-energy projects by Australia’s uncertain climate change policies and hamstrung regulators, have become a concerning brake on investment. Adjusting settings to reduce those risks would revitalise investor sentiment and vastly reduce the cost of implementing the country’s switch to renewables, says the Clean Energy Investor Group.
Imperatives meet opportunity. Corporate and utility goals for sustainability are driving a new group of investors to pick up the Australian renewable-energy resource and run with it. A new PwC report outlines how the new investor-developer partnerships could work.
China’s efforts to shift electricity generation from a coal-dominated system to a greener mix of renewables is not only centred on wind, solar and other technologies – the country is also rapidly pursuing energy storage. Vincent Shaw reports from Shanghai.
With large-scale battery developments emerging as an increasingly important component of Australia’s energy mix, India-headquartered multinational Sterling and Wilson Solar has revealed plans to expand its renewable energy offerings to include providing engineering, procurement and construction solutions for energy storage projects.
In a campaign style speech, Andrew ‘Twiggy’ Forrest, founder of Fortescue Metals and one of Australia’s richest men, outlined his ambition of producing mammoth quantities of green hydrogen, a task he sees as imperative to stop the “planet cooking” while also cornering a market he believes will soon be worth trillions.
Solar’s share in the installed 100 GW renewable energy capacity stands at around 44%, and wind at 40% as per the data available from India’s Central Electricity Authority.
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