Markets

Wiki-Solar’s latest league table of utility-scale solar project developers shows that only six renewable specialists occupy the top 20 spots.

The world’s largest solar event has expanded to accommodate the remarkable growth of China’s PV industry, which remains unfazed by future oversupply and international competition. Analysts and market players say Chinese PV demand could reach 130 GW.

Solar has been described as the “star performer” by the International Energy Agency which has forecast that global investment in clean energy is on course to rise to $2.61 trillion (USD 1.7 trillion) in 2023, with spending on solar set to eclipse outlays on oil for the first time.

China exported 154 GW of PV modules, 24 GW of solar cells, and 41 GW of wafers in 2022. In 2026, annual cell and wafer exports could hit 230 GW and module shipments could reach 149 GW, according to Wood Mackenzie.

Sungrow’s new power optimiser has a rated input power of 600 W, a maximum efficiency rating of 99.4%, and a weighted efficiency of 98.8%. It can accommodate up to 30 modules per string.

To reach net zero by 2050, Australia will need 300 GW of wind and solar, and $413 billion (USD 2.72 billion) of investment, according to BloombergNEF. To reach hydrogen superpower status, that figure balloons to 812 GW of renewables and $739 billion of investment.

Australia and India will establish a Green Hydrogen Taskforce, with prime ministers today agreeing to the Taskforce’s terms of reference. The meeting strengthens ties between India and Australia in relation to renewable energy ambitions and manufacturing, with plans extending to critical mineral and solar manufacturing.

GoodWe plans to bring a range of building integrated photovoltaics (BIPV) products to Australia, announcing a partnership with specialist Umax Energy. The manufacturer this month released the details of its lightweight new panel, and plans to introduce an integrated solar roof tile to the Australian market.

Copenhagen Infrastructure Partners (CIP) has announced plans to develop an $30 billion (USD 19,95 billion) green hydrogen production hub on South Australia’s Eyre Peninsula, while a new research study shows the feasibility of gas-to-hydrogen pipeline conversion in Western Australia.

Enphase Energy’s latest IQ home battery energy storage system is set to land in Australia in July, making it the first region outside the company’s home US market to see the system. The batteries feature triple the peak power and double the continuous power of the previous model.