Markets

Global renewables contracting giant Sterling and Wilson Solar has warned Australia’s large-scale solar PV industry faces a significant workforce shortage as the nation shifts away from fossil fuels towards renewable power.

Australia’s clean energy industry continued its record-breaking run in 2021 with the wind, solar PV and energy storage sectors steering renewables to an unprecedented 32.5% share of the electricity market but the Clean Energy Council has warned of clouds on the horizon with investment commitments in new large-scale projects slowing.

The International Renewable Energy Agency’s latest global outlook has spelled out just how ‘woefully’ far the world is from capping temperature rises at 1.5C, and lamented: ‘The stimulus and recovery efforts associated with the pandemic have also proved a missed opportunity.’

The 70MW project is under development by Silicon Ranch and was launched through utility Tennessee Valley Authority (TVA) Green Invest program. Plus, pv magazine examines the work of “Solar Protocol” to bring attention to the fact that the internet is not as ethereal as it seems.

Traditionally one of the slower states to move away from fossil fuels, New South Wales is rapidly turning the tables – and the market is responding enthusiastically. The state government yesterday revealed it had received more than $4 billion worth of investment interest for its Hunter and Illawarra hydrogen hubs.

Rystad Energy has joined BloombergNEF with a significant forecast for grey and blue hydrogen off the back of Russia’s invasion of Ukraine. According to the analysts, the impact of the war has sent prices of fossil fuel-tied forms of hydrogen production surging, leaving the gradual but consistent downward price trend of green hydrogen now looking remarkably competitive.

Australia has one of the highest per-capita rooftop solar PV installation rates in the world with more than 16GW installed across more than 3 million households but the head of Australian research at U.S.-based analyst Bloomberg New Energy Finance has forecast a drop off in new installations in 2022.

Pumped hydro energy storage is ideally positioned to support reliability and reduce volatility in the energy market as Australia shifts from fossil fuels towards renewable power with former prime minister Malcolm Turnbull labelling the technology the “ultimate long-duration storage” solution.

Analyst Wood Mackenzie has predicted soaring demand for electric vehicle devices will ensure supply will not keep pace with demand until some point in 2023.

The first Model Y electric cars have rolled off the assembly line at the US electric car manufacturer’s first European factory.