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Markets & Policy

A cell maker’s survival guide

With solar production capacity expansion plans paused, bigger cell makers will weather the storm through a revised approach to new panel technologies. InfoLink’s Alan Tu says that low profits could also drive innovation and cost savings, pushing the industry to new heights.

Tidal wave of investment gives Queensland’s energy transition momentum

Independent Australian think tank Climate Energy Finance (CEF) finds public and private capital is rapidly transitioning Queensland from its dependence on coal and methane gas for electricity generation. The findings were published today in a new report.

BloombergNEF forecasts global solar installations to hit 574 GW in 2024

In updated figures, BloombergNEF finds that 444 GW of new PV capacity was installed globally in 2023. It says new installations could reach up to 574 GW this year, in its most optimistic forecast, 627 GW in 2025, and 880 GW in 2030.

Federal government joins WA in supporting nickel miners

The federal and WA governments are stepping in to support struggling nickel producers with tax credits, critical listing grants, and rebates. 

Action over rhetoric, calls to see PM’s ambition followed with funding

Anthony Albanese’s plan to fund Australia’s quest to become a renewable energy superpower and position itself as a global player for decarbonisation and clean energy doesn’t move fast or bold enough, according to industry experts.

Renewed focus on electricity network for reliability, climate objectives

As Victorian homeowners call for better grid infrastructure after outages left thousands without power this week, new data from research company Rystad Energy suggests the whole world’s transmission network may be a stumbling block to energy transition.

Priorities elsewhere: Qcells exits Australian market

Korean solar module maker Qcells informed its local team this week that its Australian subsidiary will be closed. The decision reflects on the highly competitive Australian solar marketplace and the company’s strategic decision to focus on the United States, Europe, and its home market of Korea.

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Corporate PPAs hit record high in 2023, says BloombergNEF

BloombergNEF says in a new report that corporations publicly announced 46 GW of solar and wind power purchase agreements (PPAs) in 2023, up 12% year on year. It says the increase was driven by a surge of activity in Europe.

Queensland government to legislate 75% emissions reduction target

The Miles government in Queensland introduced legislation to state parliament today to formalize its emissions reduction target. The move takes the form of the Clean Economy Jobs Bill, which the state’s energy minister says will help create 100,000 new jobs.

The path beyond 5 TW

With the COP28 climate summit in Dubai resulting in a pledge of at least 11 TW of renewables generation capacity by 2030, Bruce Douglas, chief executive officer (CEO) of the Global Renewables Alliance (GRA), examines the outcomes of the conference and their likely impact on the solar industry.

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