Risen Australia achieves 120 MW of rooftop panel sales in a year
Chinese PV module maker Risen Energy has announced it has achieved the highest jump in solar module sales in the Australian market in a one-year period.
Australian Capital Territory announces grant recipients for battery storage rollout
The grant recipients for the fourth phase of the Next Generation Energy Storage program have been announced. Launched in 2016, the $25 million program is supporting the roll out of up to 36 MW of smart battery storage.
SolarEdge posts strong revenue increase, slight drop in net profit
The Israeli inverter manufacturer saw its net profit decline 4% year-on-year to $33.1 million in the second quarter, despite shipping 1.3 GW and seeing a 43% increase in turnover. Gross margins were affected by the increase in U.S. tariffs on China made products.
Indigo joins growing list of councils taking part in Local Government PPA
In addition to joining the host of councils around Australia to declare a climate change emergency and set targets for a 100% renewable future, Victoria’s Indigo Shire Council voted early this week to achieve that goal by taking part in a collaborative Victorian Local Government PPA.
Photon Energy sells 25% stake in NSW solar project to Canadian Solar
Chinese module maker and project developer Canadian Solar has acquired another 25% share in the 189 MWp Suntop Solar Farm from Photon Energy and increased its stake to 76%. The balance of shares is held by Sydney-based Polpo Investment.
Redflow reports low quarterly revenue amid customer delays
While it has seen growing market acceptance of its zinc-bromine flow battery technology in the past 12 months, Redflow has reported a slowdown in delivery of batteries with cash receipts of only $74,000 received in the FY2019 final quarter.
Australia’s green bank to sharpen focus on storage following record investment in renewables
After it deployed a record $1.3 billion into the clean energy sector in a 12-month period, the Clean Energy Finance Corporation said it will sharpen its focus on energy storage and other technologies to support the stability of the national grid.
India leads with cheapest renewable power in Asia Pacific, followed by Australia
The cost of solar power generation in India has fallen to half the level seen in many other markets in the region due to extensive solar resource, market scale and competition. In Australia, solar is expected to break through the coal-fired electricity price barrier next year, when its cost falls to US$48/MWh, WoodMac finds.
Lithium oversupply hurts Australian miners
With miners around globe stepping up their production capacities to cater to the demand of the electro-mobility and energy storage sectors, supply has outpaced demand leading to a steep decline in lithium prices. Amid slowing growth in China, a number of Australian lithium miners are hurting.
SA government looking to expand Home Battery Scheme
The South Australian government is looking to extend its Home Battery Scheme subsidy of up to $6000 and low interest loans to rental properties, property developers and aged care facilities.
