Markets

Chinese inverter and storage company Sungrow and Australian developer Green Gold Energy have signed an agreement to collaborate on “at least” 500 MWh of battery storage projects within the next three years – most to all of which will be DC-coupled. Relatively new to Australia’s grid-connected battery landscape, DC-coupled batteries will soon be able to trade on lucrative FCAS markets thanks to imminent rule changes, providing a firmer foothold for the technology in Australia.

Researchers from Switzerland’s École Polytechnique Fédérale de Lausanne have unveiled a new solar dish plant design, while Plug Power has delivered its first electrolyser system to Europe.

Chinese solar and storage technology manufacturer Sungrow has strengthened its commitment in Australia, inking new distribution agreements that will deliver at least 550 MWh of the company’s energy storage system solutions and 250 MW of its inverters into the Australian market.

JinkoSolar, Long, JA Solar, and Trina Solar have all reported impressive growth figures for the first quarter of this year.

The International Renewable Energy Agency has released new data on the cost of capital for solar PV, onshore and offshore wind in the period between 2020 and 2021. Results show that Australia has the second lowest cost of capital in the Asia Pacific region at 4.6%, beaten out by China at 3.9%.

Australia’s energy minister has revealed the upcoming Federal Budget will include support for a new revenue underwriting mechanism that is expected to unlock billions of dollars of renewable energy investment and “gigawatts of power” to support the ongoing decarbonisation of the grid.

The International Energy Agency expects Australia’s “outstanding” economic fundamentals for residential and commercial rooftop solar will see the sector stabilise in 2023 after a new report revealed the PV market contracted in 2022.

An international research team has presented all possible system designs and applications for photovoltaic-thermal (PVT) technology. Their review includes conventional PV-T collectors, air-based systems, liquid-based installations, water-based collectors, refrigerant-based systems, heat-pipe-based technologies, dual air-water systems, building-integrated PVT arrays, and concentrated PVT collectors.

The successful projects from the first tender conducted under the New South Wales government’s Electricity Infrastructure Roadmap have been announced with two large solar farms, a wind farm and an eight-hour battery energy storage system to be built as the state looks to manage the exit of coal-fired power generation from the grid.

Record solar generation from both large-scale and rooftop PV is driving down the wholesale cost of energy, helping set new records for minimum demand for electricity from the grid and reducing emissions to record lows according to new data provided by the Australian Energy Market Operator.