Markets

One of Southeast Asia’s biggest generators of renewable electricity, Thailand’s CK Power, is set to double in size over the next three years after announcing plans to add 2.8GW of new renewable electricity generation, including a ten-fold increase in its solar capacity.

Tindo Solar, Australia’s only solar panel manufacturer, has launched its first module designed specifically for utility-scale projects, the 545W Karra module. Australia-made, the module boasts a 23.1% cell efficiency with a low cell-to-module loss rate of 0.07%.

Two events in the past week mark a watershed for Australia’s electricity industry.

Australian company Natural Solar has seen a 400% increase in battery installs across Australia within two years. The company’s CEO Chris Williams told pv magazine Australia that Victoria has led demand, growing 350% in the second half of 2021 alone. Williams believes the surge has been driven by several compounding factors.

AGL has this morning rejected an “unsolicited” $8 billion takeover bid from software billionaire Mike Cannon-Brookes’ Grok Ventures and Canadian fund manager Brookfield. Cannon-Brookes described the consortium as “disappointed” by AGL’s decision, saying it will continue to “move forward” with the bid which would dramatically accelerate coal retirements in Australia.

Origin Energy’s announcement that it is accelerating the closure of Australia’s largest coal-fired power station has triggered calls for the Federal Government to develop a nationally co-ordinated approach to manage the retirement of fossil fuel generation as well as support investment in new clean energy generation.

One of Australia’s largest residential and commercial solar PV retailers and installers has announced it will exit the market, declaring low margins and once-in-a-generation disruptions to the supply chain brought on by the Covid-19 pandemic have taken a toll.

British analyst GlobalData has predicted residential and commercial rooftop panels will not return to a declining price trend until next year, with post-Covid logistics headaches the cause, rather than a polysilicon shortage.

Renewable energy investors have again shattered the New South Wales Government’s expectations with more than 80 clean energy projects representing more than $100 billion of potential investment registering for the Hunter-Central Coast Renewable Energy Zone.

Australia’s first national battery recycling scheme, B-cycle, launched today giving Australians the opportunity to drop their spent household batteries at a collections bins in supermarkets, stores and community clubs across the country.