The module giant has signed a one-year $37 million line of credit agreement with the National Australia Bank.
The developer has secured a $20 million loan from Squadron Energy and Federation Asset Management, as it continues to struggle with connection delays on its Kennedy solar-wind-battery park.
While the full extent of the impact of the Covid-19 pandemics on the renewable energy market is yet to reveal itself, Norwegian consultancy Rystad Energy predicts new solar and wind projects will grind to a halt this year and experience a ripple effect in the years beyond as currencies across the globe continue to fall against the US dollar.
Researchers in Brazil have suggested using solar radiation databases and simulator software to scale PV-diesel mini-grid generators. The profiles of PV generation and mini-grid load demand are critical to finding the right balance, according to the academics.
A push by lobbyists to access the federal government’s Climate Solutions Fund in order to cover the cost of upgrades that would extend the operational life of coal-fired generators has been rejected by the independent Emissions Reduction Assurance Committee.
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.
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.
Three renewable energy generators in northern Queensland are facing major constraints due to system strength issues.
The Canadian battery manufacturer has announced an investment from Japanese Itochu Corporation and got closer to integrating Moixa GridShare AI with its Evolve batteries.
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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