If the three record-busting low solar price tariffs recorded in the Middle East in the past 18 months are to be believed, renewables-powered hydrogen in prime sites in the region could already compete with gas-plus-CCS production, according to IRENA. Has the Gulf discovered the new petrol?
The two solar manufacturers will get priority access to polysilicon produced at the planned fab in Inner Mongolia, which developer Xinte Energy has said will be fully operational by June 2023.
The Australian Renewable Energy Agency (ARENA) today announced the launch of its $43 million program aimed at identifying how to reduce emissions in industry. The program’s launch comes amid concern about proposed changes to ARENA’s funding mandate as the Commonwealth Government seeks to expand definitions to include funding for controversial technologies and fossil fuel projects.
Sydney-headquartered Patriot Hydrogen has secured the first sale of its modular hydrogen production ‘P2H’ units. It is set to deliver Port Anthony Renewables Limited two of the modules by the end of the year.
Australian financial group Macquarie Asset Management on Monday announced a €90 million (AU$141.5 million) debt investment in a portfolio of concentrated solar power (CSP) plants in southern Spain.
Australia’s national science agency, the CSIRO, and the Australian Energy Market Operator have found even when factoring in additional ‘integration’ costs such as storage and new transmission infrastructure, solar and wind continue to be the cheapest sources of new-build electricity generation in Australia.
Australian technology company RayGen Resources has received funding to build a 3 MW/50 MWh ‘solar hydro’ power plant. Described by ARENA as the “first of a kind,” it is being lauded as one of the largest and lowest cost storage projects undertaken in the country. Energy giant AGL has also come onboard and will assess whether the technology would be suitable for its soon-to-retire Liddell facility.
Module manufacturers have once again adjusted their prices upwards. This is already the third or fourth price increase in the last six months, and there is no end in sight, writes Martin Schachinger of pvXchange. But why is it so hard to achieve long-term, sustainable development in the global solar market, at least on the part of manufacturers? Few other industries are so turbulent, with constant swings between excess supply and bottlenecks, between price collapses and price rises – and always to the breaking point of the market. Yet again, planning security is out the window.
5B, the Sydney-based modular solar manufacturer has successfully completed its most recent $12 million funding round, and along with the continued support of existing investors, the clean technology company also received investment support from former Australian Prime Minister Malcolm Turnbull and Smart Energy Council Director Simon Holmes à Court.
New data released by the CEC and confirmed by industry experience, shows investors have become shy of committing to large-scale renewable projects in Australia, where government intervention has created uncertainty, and grid risk is virtually impossible to quantify — even with a prized connection agreement in hand.
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