Markets

The International Energy Agency expects the global expansion of solar PV, wind power and other renewable energy technologies will continue to defy rising costs and supply chain bottlenecks to reach triple-digit growth this year with solar additions forecast to reach almost 200GW.

The solar supply chain problems that began last year with high prices and polysilicon shortages are persisting into 2022. But we are already seeing a stark difference from earlier predictions that prices would decline gradually each quarter this year. PV Infolink’s Alan Tu probes the solar market situation and offers insights.

The University of New South Wales and the University of Newcastle will join forces to develop and commercialise “world-leading” technology in solar, renewable hydrogen, storage and green metals after securing $50 million in Federal Government funding through the Trailblazer program.

As part of the Smart Energy Conference held in Sydney last week, the Smart Energy Council’s Scott Hamilton ran a session on Australia’s hypothetical energy landscape in 2030. This is how panelists Simon Holmes á Court, Jane Caro, Richard Denniss, Karrina Nolan and Professor Iain MacGill think we’ll be living at the decade’s close.

In recent years, Longi has turned its attention to green hydrogen. Li Zhenguo, company founder and CEO, recently spoke to pv magazine about its strategic shift and how he believes that coupling this technology with solar PV will be the key to achieving carbon neutrality.

Renewables developer Maoneng has confirmed that its 13MW Mugga Lane Solar Park in the Australian Capital Territory is up for sale after being placed into voluntary administration.

US$3.1 billion (AU$4.4 billion) is available to increase production of American-made batteries, with a separate US$60 million (AU$85 million) to support second-life applications for used EV batteries, along with development of processes for recycling materials back into the battery supply chain.

The war in Ukraine has acted as a brutal wake-up call for governments to act and reduce their dependence on Russian fossil fuels. Many have pledged to hasten project timelines for renewables, but there are mixed reports about impacts on investor confidence and projects under development in Ukraine’s neighboring countries. Marija Maisch reports.

Solar companies are reporting widespread staff shortages leading to false price points around the value of installers. Scott Mason, general manager of Platinum Solar Designs, says the shortages aren’t simply part of Australia’s broader skills scarcity, but rather are endemic to the solar industry and linked to a regulatory system which is pushing down the quality of installations.

Australian technology billionaire Mike Cannon-Brookes has become the single largest shareholder in AGL after Grok Ventures, the private investment company he owns with wife Annie, bought an 11.28% stake in the public company last night. The move appears to progress the billionaire’s plan to use the free market to force the decarbonisation of Australia’s biggest emitter from the inside out. In other words, the world’s largest single decarbonisation project is back on.