Markets

Battery manufacturing capacity set to increase fourfold to 1.3 TWh by 2030

Analysts at Wood Mackenzie have looked at plans for the incoming decade and concluded that about 119 manufacturing sites will be up and running by 2030. China currently sits firmly in the driving seat, with Asia Pacific comprising 80% of global manufacturing capacity, but Europe is catching up.

Seraphim signs 150 MW distribution agreement with Raystech

After signing a 50 MW supply deal in June, the Chinese PV module maker is readying to ship another 150 MW of its recently unveiled S3 series half-cell monocrystalline PERC modules to the Australian market and beyond.

Fly me to the sun, Melbourne Airport’s record solar farm

As Covid-19 decimates the aviation industry, Melbourne Airport is set to make significant savings on its energy costs with the installation of a 12.4 MW solar farm, one of Australia’s largest behind-the-meter arrays, which will be able to power all four of the airport’s terminals.

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CEFC to shift focus from renewables to grid, hydrogen projects

The Australian government’s green bank intends to move beyond solar and wind investment over the coming year and put its capital to work in the nascent green hydrogen industry and grid projects.

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All-Energy 2020 cancelled as Covid-19 crisis continues

Australia’s leading solar industry event will not take place in 2020. The organisers of the All-Energy Australia show announced the decision today, noting that the decision was made “with everyone’s health and safety as our number one priority.”

Shareholders call on AGL to accelerate coal station closures

The Australasian Centre for Corporate Responsibility (ACCA), a shareholder advocacy group, has filed a Shareholder Resolution to AGL Energy calling for the expedited closure of its Bayswater and Loy Yang A coal-fired power stations. ACCA says that AGL’s own modelling contradicts both its climate commitment and its fiduciary responsibility.

AEMC opens consultation on DER integration, solar export charges

The Australian Energy Market Commission (AEMC) is calling for submissions on proposed rule changes that would address the integration of distributed energy resources, including enabling export charges as a pricing tool.

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CEFC takes stock of the future, backs Australian Climate Transition Index

The Clean Energy Finance Corporation is set to become the cornerstone investor in a BNP Paribas’ issuance $140 million in new Australian green bonds through its Australian Climate Transition Index, an index for investors to parse the companies that will survive and thrive into a decarbonised future from those who will decay and die.

Kalgoorlie high school set to be first in Schools VPP pilot project

The Schools Virtual Power Plant pilot project, part of the WA Government’s $66.3 million investment in solar and batteries in its WA Recovery Plan from the impacts of Covid-19, will see ten schools transformed into VPPs. The two year trial is expected to bring reduced electricity bills to schools, improved grid stability, and increased solar uptake in the local community.

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Shell Australia acquires carbon farming business Select Carbon

The Anglo-Dutch power company will buy Perth-based environmental specialist Select Carbon as part of a broader ambition to reach net-zero emissions by 2050 or sooner.

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