Markets

The US multinational will expand the solar and battery energy storage manufacturing capacity at its factory in Tamil Nadu to 9 GW per annum by the end of 2022. The factory manufactures the FlexInverter power conversion solution and the FlexReservoir utility-scale energy storage systems.

Australia’s uptake of rooftop solar is one of the highest in the world with more than 30% of free-standing households across the nation now fitted with a PV system but the Clean Energy Regulator has revealed a “steep decline” in the number of installations in early 2022 with deteriorating economics playing a major part.

The New South Wales government has announced its single biggest investment yet in renewable energy infrastructure, committing $1.2 billion to fast-track priority transmission and energy storage projects as the energy sector continues its rapid transformation towards a decarbonised and decentralised future.

The New South Wales government has invited registrations of interest from renewable generators, energy storage and network developers, and existing and proposed energy loads, to participate in shaping a renewable energy zone to be established in the Illawarra region on the state’s south coast.

Resource sector heavyweight Rio Tinto has called for proposals to develop an estimated 4GW of large-scale wind and solar farms and firming capacity in central and southern Queensland as it progresses plans to power its aluminium operations in the state with renewable energy.

Australian federal and state governments have agreed to a suite of reforms designed to tackle soaring energy prices, including creating a national transition plan to phase out fossil fuels, financing projects to boost the nation’s electricity grid, and progressing designs for a new capacity mechanism.

The International Renewable Energy Agency’s latest annual report on the progress towards the United Nation’s sustainable development goal seven estimates 670 million people will still lack electricity in 2030, and more than 2 billion will be reliant on unhealthy, polluting cooking methods.

While many solar manufacturers are as yet undecided about which PV cell technology they will choose for their next high efficiency expansions, for Singapore-based REC, the future is HJT. pv magazine spoke to Cemil Seber, the managing director at REC Solar EMEA GmbH at the Intersolar Europe 2022 trade show, to dig deeper into these manufacturing plans.

New South Wales has topped the charts for large-scale renewable energy generation in May but Queensland has dominated the solar stakes with the top six utility PV assets for the month all located in the sunshine state.

After a decade of under-delivering on its potential, there are changes afoot in Southeast Asia’s renewable energy development, says Assaad W. Razzouk, the CEO of Singapore-based developer Gurin Energy. Razzouk points to success stories in the region and notes that political will and clear regulations for developers are needed.