Markets & Policy

The Northern Territory government has doubled down on its support for the world’s biggest solar PV and storage project with parliament passing legislation that will facilitate the $30 billion-plus Sun Cable Australia-Asia PowerLink project which is expected to transform the region into a green industrial hub and establish a new energy export industry for Australia.

The switch has been flicked on what has been labelled one of the Southern Hemisphere’s largest rooftop solar PV systems with Queensland government-owned Yurika announcing an almost 5MW system installed atop the Logan Hyperdome Shopping Centre is now operational.

Two new solar farms in regional New South Wales are now delivering clean energy to the National Electricity Market with e-commerce giant Amazon announcing its first Australian utility-scale renewable energy investments and are now operational.

Reclaim PV Recycling and the Circular PV Alliance (CPVA) have announced a partnership which will see the pair work together to develop standards and testing procedures to support the reuse and resale of solar panels in Australia. The union comes after Reclaim PV found more than 31% it collected in a Queensland region could be considered for reuse rather than recycling.

New Zealand’s government this week unveiled its plan to cut emissions and fund the clean energy transition, featuring policies like a ‘scrap and replace’ scheme to incentivise electric vehicles and funding for electrifying industry. The NZ$2.9 billion (AU$2.6 billion) plan has received mixed reviews, with Greenpeace saying it has overlooked the country’s most glaring problem.

ACE Green Recycling has announced plans to build a new plant in Texas to recycle both lead-acid and lithium-ion batteries.

Major players in the solar industry, such as LONGi Solar, are projecting accelerating growth in the near term.

Tata Power Solar has secured an engineering, procurement and construction contract for a 300 MW solar project under India’s Central Public Sector Undertaking scheme. The project, awarded by state-owned hydropower producer NHPC, will be located in the Indian state of Rajasthan.

With Australia’s presence felt strongly at the World Hydrogen Summit in Rotterdam last week, state governments are working to secure European markets through partnership agreements. Yesterday, New South Wales signed an initial agreement with Denmark which will see the distant pair support one another on matters of decarbonisation technology and trade. Just a few days earlier, Queensland’s government signed an MoU with the Netherland’s Port of Rotterdam to collaborate on opportunities to develop a hydrogen export supply chain.

The hydrogen electrolyser subsidiary of German giant Thyssenkrupp has opened a new office in Perth, Western Australia in a bid to capture some of the region’s green hydrogen frenzy.