Markets

Batteries in South Australia have been paid to charge throughout September and October 2021 due to a record number of negative price intervals. Wholesale electricity prices were negative almost 40% of the time.

The Paris-based body expects the world will have installed almost 160 GW of solar this year, a record number, but still not enough to keep the prospect of a net zero global economy by mid century in sight.

Solar manufacturer Jolywood, which supplied almost 500 MW of its bifacial tunnel oxide passivated contact panels for Oman’s Ibri II facility, has claimed the power plant is the biggest to date to deploy the high-efficiency technology.

The Chinese manufacturer appears to have shouldered higher input costs in return for carving out a larger slice of the world’s biggest solar market – although it’s not clear from the company’s third-quarter update that CEO Xiande Li received the memo.

German company sonnen, a wholly owned subsidiary of Shell, today launched a new residential battery storage system specifically developed for Australia and New Zealand. Chief Commercial Officer of sonnenGroup and Managing Director of sonnen Australia, Nathan Dunn, told pv magazine Australia its sonnenBatterie Evo is the culmination of a new approach and may go on to inform how its future products for global markets are developed.

Scientists in the United States pieced together data from hundreds of different sources, looking to establish the key factors that have led to consistently falling prices for lithium-ion technology since their commercialisation thirty years ago. They find that public-funded research, primarily in chemistry and materials science, has made the largest contribution to cost reduction. And they offer suggestions on policy and investment to ensure that the research can continue to make these important contributions to reduction in battery costs.

The new plan would require the deployment of around 15 GW of new PV capacity each year to 2030. The agreement also includes the gradual phasing out of all coal power plants by the end of the decade.

Through the Green Electricity Tariff (GET) program, the government will offer 4,500 GWh of power to residential and industrial customers each year. These will be charged an additional MYE0.037 (AU$0.012) for each kWh of renewable energy purchased.

A new Ernst & Young power and utilities overview report shows that utilities and other deep-pocketed investors are putting financial support behind their environmental, social and governance initiatives.

Ongoing growth in both renewable generation capacity, including rooftop solar, large-scale wind and solar, and dispatchable power in the form of big batteries is expected to drive down household power bills across the National Electricity Market in the coming years despite the impending closure of several of Australia’s ageing fossil-fuel fired power stations.