Markets

Chinese inverter maker Sungrow has switched on a 6 MW / 21 MWh solar-plus-storage facility on the island. The FIT project’s connected AC capacity is limited to only 845 kW, but the containerised storage solution provided by the company ensures its viability.

The incremental improvements achieved each year in solar are usually relatively small, and improvements to one component can easily be accommodated by the rest of the system. But every so often, a bigger change comes along, with implications that will ripple up and down the supply chain.

CEP.Energy has joined the race that stores the nation, the race, that is, for big battery supremacy. Joining giants like AGL, Origin Energy and Neoen, CEP.Energy has announced plans for a 1.2 GW megabattery in the Hunter region of New South Wales. The battery is one of four in a 2 GW battery storage portfolio planned throughout Australia.

Wood Mackenzie has called on policymakers to revise the Renewable Energy Target with more ambitious goals and, concordantly, large-scale investment in grid flexibility to ensure new renewables can join the grid. If we don’t act in this pivotal moment, WoodMac believes we will be left holding stranded assets.

Australia’s largest energy retailer, AGL Energy, has revealed a stunning $2.69 billion write-down to its asset value with plunging power prices taking a toll on its renewable energy operations.

Australia’s embrace of solar PV continues to scale new heights but industry consultancy SunWiz has issued a word of caution, suggesting “increasing headwinds in the industry” could curtail growth in 2021.

Spanish-Japanese renewable energy company Univergy Solar and local partner New Energy Developments are set to begin construction on the 120 MW Wallaroo Solar Farm on the NSW/ACT border by the end of 2021. The agrivoltaic installation will operate symbiotically as a generator of clean energy, grazing land, and a thriving habitat for native vegetation and pollinators.

WePower has delivered its blockchain-enabled Elemental technology to Mojo Power for the establishment of the Mojo Marketplace, an online shopping setup whereby businesses and industry can shop for locally sourced renewable energy retail contracts.

Green Investment Group, owned by Macquarie, has launched Cero Generation, which will operate on a European scale and carry out both ground-mounted and commercial scale power generation projects. It will also provide integrated energy storage solutions.

Canadian behemoth Atco has purchased the rights to develop the 325 MW Central West Pumped Storage Hydro Project in Central West New South Wales and credits the investment to policy certainty from the NSW Government. As a significant firming agent the project is ideally placed in the state’s proposed Central West-Orana Renewable Energy Zone