Troubled Tritium picked up by Indian EV charger giant
Collapsed Australian electric vehicle fast-charger manufacturer Tritium has been acquired by a subsidiary of India-headquartered power solutions company Exicom Tele-systems as it looks to expand its global footprint.
PV industry faces consolidation says JinkoSolar
JinkoSolar has begun converting its production to n-type tunnel oxide passivated contact (TOPCon) products to stay competitive, says Frank Niendorf, the company’s general manager for Europe. He predicts that several market players in the value chain will exit the market soon.
SunPower files for bankruptcy
United States-headquartered solar company SunPower Corp has filed for bankruptcy, among the largest in a series of major bankruptcies in the industry.
FRV reaches financial close on first Australia standalone battery project
Fotowatio Renewable Ventures Australia says it has begun construction on its first standalone battery energy storage system in the country after reaching financial close on the project.
Global PV investment to surpass $765 billion in 2024
The International Energy Agency projects that solar will attract more investment than all other electricity generation sources combined. Global energy spending is set to surpass $4.59 trillion (USD 3 trillion) for the first time this year.
Regulator approves reduced budget for Humelink transmission project
The Australian Energy Regulator has approved final costs for the next stage of Transgrid’s multi-billion-dollar Humelink transmission project but slashed the budget for the construction of the 500 kV line by more than $3 million.
Australian big battery market building towards record year
Australia has firmed as the world’s fourth-largest market for utility scale batteries with new data from research consultancy Rystad Energy revealing that almost 3 GW / 8 GWh of battery energy storage projects have started construction in the first seven months of 2024.
FRV secures $1.2 billion financing for 1 GW Australian portfolio
Renewable energy and battery storage developer Fotowatio Renewable Ventures says it has raised more than $1.2 billion in new debt finance for its Australian clean energy assets, including its first standalone battery project planned for Victoria.
Investor concerns remain as NEM project pipeline grows
Growth in Australia’s renewable energy sector is strong with 43 GW of new utility scale generation and storage projects working through the National Electricity Market connection process but concerns remain that uncertainties surrounding approval processes could impact investor confidence.
Global wine company toasts power purchase agreement with Origin Zero
South Australian company Accolade Wines has entered into a power purchase agreement for its Berri Estates facility with gentailer Origin Zero that will own, operate and maintain a rooftop solar array of 4,800 panels at the regional site.
