Markets

Wafer prices rose by between 24% and 36% this week, according to new data from the China Nonferrous Metals Industry Association (CNMIA).

UK-headquartered fund manager Glennmont Partners has its sights firmly set on the Australian renewable energy market after announcing it plans to acquire, build and operate a portfolio of large-scale solar farms and energy storage assets as part of a $145 million (USD 100 million) strategy.

A surge of community battery trials in Australia is seeking to make better use of the country’s vast distributed solar resource. But the results so far have battered expectations. pv magazine Australia’s Natalie Filatoff and Bella Peacock explore the motivations, challenges, and outlook for sharing and monetising solar rooftop riches.

Rooftop solar stronghold Western Australia has been offered a glimpse of its energy future with the market operator having activated its first virtual power plant to prevent household blackouts after heatwave conditions sparked concern for the state’s main energy grid.

Polysilicon prices started to rise in the second half of January, according to new data from the China Nonferrous Metals Industry Association (CNMIA).

Singapore-based vanadium redox flow battery maker VFlowTech has raised $14.4 million (USD 10 million) as part of a Series A funding round. It will use the capital to set up a 200 MWh vanadium flow battery factory for the production of its 250 kWh product.

Large-scale wind and solar farm investment commitments grew nearly 50% in 2022, according to new data published by the Clean Energy Regulator.

Tim Buckley, director of Climate Energy Finance, speaks to pv magazine as part of our Only5mins! series about the crisis threatening Adani Group with collapse, the “positive outlook” for Australian renewables, and the nation’s potential to become a clean energy superpower.

The budget signifies the government’s intent to drive domestic manufacturing of lithium battery cells as it waives customs duty on the import of machinery required for manufacturing these cells. It also continues with nil customs duty on critical inputs for solar manufacturing. The budget also aims to support large-scale battery storage projects through viability gap funding.

Solar and storage analyst Sunwiz is predicting an inversion of many of the trends that dominated the industry in 2022. While rooftop solar has bounced back after a disappointing year, Sunwiz founder Warwick Johnston tells pv magazine Australia, the utility segment’s position looks dire.