Markets

Deployment in the building integrated PV segment is accelerating, and so too are the number of solar products available to architects and developers. And while BIPV had long been the segment in which an array of thin-film technologies could shine, they are now in increasingly stiff competition with crystalline silicon rivals.

The Indian Ocean island nation, which has been a prominent voice in the global calls to combat rising sea levels, will get technical assistance from the Asian Development Bank to draw up a tender for 20-30MW of photovoltaic generation capacity.

Reliance Industries said its solar unit will buy UK-based sodium-ion battery technology provider Faradion for GBP100 million (AUD$187 million) including debt, as the Indian conglomerate pushes forward with its ambitious plan to move into the renewable energy industry.

French renewable developer IPP Neoen announced the completion of its Bulgana wind-plus-storage project in the Australian state of Victoria. Having now installed more than 650MW of large-scale solar, wind, and battery storage in the state, the developer has pointed to its “well balanced” renewable portfolio in Victoria including an additional 2GW of projects in the pipeline.

Following approval from the Foreign Investment Review Board in November, the long-awaited sale of grid-operator Spark Infrastructure to a North American consortium led by private equity giant Kohlberg Kravis Roberts has been completed via a $5.2 billion “all-cash transaction”.

As Australia stares down a deluge of worn out solar panels, recycling – and indeed upcycling – programs are grinding into gear. In Victoria, a site has been found for Australia’s first facility to recover and reuse solar module materials, while Reclaim PV has extended its manufacturer partner and pickup location lists.

The Queensland government has highlighted its state attracted as much as $26 billion worth of “new energy economy projects”, according to new national resources reports. The federal government, on the other hand, used the reports to pay tribute almost exclusively to coal, with resources minister Keith Pitt dubbing it a “star”.

Brisbane-based flow battery company Redflow has completed its single biggest installation to date, a 2 MWh storage system in California for biowaste technology firm Anaergia.

The Chinese bifacial module maker has commissioned a 1.5 GW TOPCon cell factory in China’s Zhejiang province, which raised its total TOPCon cell capacity to 3.6 GW. Another 16 GW facility is being planned for the Shanxi province.

Green hydrogen can play a vital role in decarbonising the economy and enabling countries to reach net-zero emissions. The economics of producing green hydrogen from electrolysis are maturing as developers scramble to meet expected future demand. Everoze partner Nicolas Chouleur and Neoen hydrogen expert Sacha Lepoutre discuss a case study that shows how stacking different revenue streams could improve the economics of renewable energy projects.