Solar module price falling, with no end in sight
Solar module prices have never fallen so sharply in such a short period of time. One reason for this is the “PV module glut” in warehouses in Europe, according to pvXchange’s Martin Schachinger.
Funding boost to progress Port Bonython green hydrogen plans
Plans to develop a large-scale green hydrogen production and export facility at Port Bonython in South Australia have received a significant boost with the state and federal governments investing $100 million (USD 64.4 million) to develop infrastructure that will support the proposed $593 million project.
China solar cell prices hit record lows
In a new weekly update for pv magazine, OPIS, a Dow Jones company, provides a quick look at the main price trends in the global PV industry.
Origin buyout faces hurdle as major investor ups stake
Brookfield’s plans to acquire Origin Energy face a potential snag with the energy company’s largest shareholder, AustralianSuper, saying the $18.7 billion (USD 12 billion) takeover deal offered by the Canadian investment giant “substantially” undervalues the business.
First $5 billion transferred to manufacturing fund, proposals so far dominated by renewables
Australia’s National Reconstruction Fund is up and running, with the federal government transferring the first $5 billion (USD 3.26 billion). The fund has already received around 100 proposals, with climate ventures and advanced technology reportedly dominating.
$1 billion in battery system, inverter contracts for Collie & Kwinana big batteries awarded by WA government
The Western Australian government has awarded contracts for its 500 MW / 2,000 MWh big battery in Collie and the 200 MW / 800 MWh extension to the existing Kwinana battery. China’s CATL is set to deliver the battery units for both projects, while Spain’s Power Electronics will supply inverters.
Rystad forecasts 150 GW of new solar in 2023
Rystad Energy believes China could be on track for another record year in 2023, with expectations for more than 150 GW of new PV capacity. The Norwegian consultancy says the country could also potentially install 165 GW in 2024 and 170 GW in 2025.
1 GW North Queensland hydrogen project gains a new international partner
Japanese company IHI Corporation, which specialises in green ammonia technology to decarbonise industry, has joined the consortium of companies developing the green hydrogen hub HyNQ – North Queensland Clean Energy Project.
Australia’s most recognisable solar recycler handed windup notice by Victorian court
One of Australia’s best known solar recycling companies, Reclaim PV, has been handed down a windup notice by Victoria’s Supreme Court. The company’s insolvency highlights the deep issues of solar recycling and the complexity of trying to create circularity in an overwhelmingly linear approach.
New figures provide clarity on solar module glut, ‘dumping’ prices
German PV analyst Karl-Heinz Remmers looks at current price trends in the global and European PV industry. The figures he provides could explain how overcapacity and warehouses full of PV modules are affecting market prices.
