Markets

With the joint-feasibility study between Australia and Germany into the viability of a renewable hydrogen supply chain between the two nations now underway, Western Australia, perhaps the most eager Australian state to establish a green hydrogen export industry, has hosted an inaugural roundtable with some of the two nations biggest industry hitters.

Solar PV and wind are the cheapest sources of energy in Australia and a new CSIRO report predicts they will continue to win the new electricity generation price war well into the future.

New analysis from Cornwall Insight Australia has put Australia’s current battery energy storage pipeline at 7 GW. Of course, the vast majority of that projection is still firmly in the proposal phase, but the over 900 MW of energy storage thought to be developed by 2024 is still far in excess of AEMO’s ISP 2020 forecast, begging the question, how is the NEM going to fit it all in?

Oz Minerals has long said that it was looking at a hybrid fossil fuel-solar-wind solution to power its massive West Musgrave Project. This week the miner has announced that it is now developing a roadmap to power the project with 100% renewables with the addition of a battery in what the company says could be one of the world’s largest fully off-grid renewably powered mines.

Western Australia’s McGowan Government has released a ‘Just Transition’ framework for the town of Collie, a town which has been at the centre of the state’s energy generation for a century. With the rise of renewables spelling the end of coal, the Government is looking to support the town as it seeks to reinvent itself in this ‘crucial phase’ of the energy transition.

IHS Markit released a white paper in which the analyst outfit shared some predictions for the power electronics market. First and foremost, inverters will become smarter, and after some power outages in key markets, these devices are gearing up to take on more grid stabilising tasks, which hitherto had been reserved for synchronous generators.

Almost half of all Australians who purchased solar panels reported they are looking to invest further into renewable energy solutions, a survey by fintech lender Plenti has found.

The Clean Energy Finance Corporation and Aware Super, one of Australia’s largest superannuation funds, have both committed $80 million to Adamantem Capital, a private-equity fund which requires its target companies to meet strict emissions reduction targets. For the CEFC, this is the beginning of decarbonisation in a part of the economy lagging behind, namely, private equity.

Viva Energy Australia has signed memorandums of understanding with key industry partners would could see its Geelong oil refinery, currently struggling to transition to an LNG terminal, transition into an energy hub featuring solar and hydrogen.

The pandemic and accidents at polysilicon labs in China’s Xinjiang region put PV manufacturers under pressure to maintain production this year, while slowing cell and module R&D. After half-cut and multi-busbar becomes commonplace, manufacturers will continue to explore the high-density assembly methods that emerged last year, as well as n-type cells. But the market is also shifting to large formats, and the share of bifacial products is growing this year. As sizing up modules can bring immediate returns, PV InfoLink’s Amy Fang expects the PV industry to prioritise the development of large formats and bifacial products next year.