Markets

Indian renewable energy developer Serentica Renewables plans to install and commission 1.5 GW of solar and wind capacity in 24 months to serve energy-intensive industries in the Asian nation.

A 3 GW solar installation will be built in the Tengger Desert, in northern China. It will require an investment of around $3.18 billion (CNY 15.25 billion).

The New South Wales government’s plans to develop a renewable energy zone in the state’s central west is one step closer to fruition following the release of the scoping report for the transmission infrastructure required to connect at least 3 GW of new renewable energy generation capacity to the grid.

Solar-wind hybrid plants are rapidly becoming mainstream, and in booming markets like India and the US these hybrids are increasingly preferred to singular projects despite the higher installation cost. There is no shortage to the benefits of hybridisation, from a smoother power output profile to the cost saving of grid connection. But getting the balance right for new projects and retrofits remains a challenge. Blake Matich reports on this growing trend.

Australian battery manufacturer Redflow is determined to capitalise on what is describes as an emerging demand for non-lithium-based energy storage technology, announcing it has teamed with United States-based renewables developer Empower Energies to deploy solar and flow battery solutions in North America.

WA company St George Mining has found indications its nickel project in the north-eastern Goldfields of Western Australia could also be home to “significant” amounts of lithium. The discovery sits alongside recent findings from miners Red Dirt Metals, Zenith Minerals and Hancock, Hawthorn Resources.

Spanish company Iberdrola has committed to investing between €2 billion to €3 billion (AU$2.95b – $4.4b) in renewable projects in Australia, aiming for a 4 GW portfolio here “in the coming years.”

Newly appointed CEO of Fortescue Future Industries Mark Hutchinson has made it clear that demand for green hydrogen has already far outstripped the company’s upcoming 2 GW electrolyser factory in Gladstone, Queensland. The announcement of new investments in green hydrogen plants from Fortescue Future Industries is now expected in the near future.

New South Wales is seeking 2,500 GWh of annual generation and 600 MW of long-duration storage for its first tender, part of realising its ambitious NSW Electricity Infrastructure Roadmap.

Brisbane-based bioenergy company LGI Limited has listed on the ASX, seeking to raise $25 million for expansions, including fitting sites with batteries capable of playing on spot markets. For the company’s founder, Adam Bloomer, the role of bioenergy in Australia only makes real sense when limited to waste. “If it’s is not a waste stream, I think you’re barking up the wrong tree,” he tells pv magazine Australia.