Markets

A major jump in small-scale air source heat pump installations has been illustrated by the Clean Energy Regulator’s latest Carbon Market Report. Australia’s large-scale renewables segment, however, is languishing with the Regulator knocking its 2023 final investment decision (FID) forecasts down from 3.5 GW to 2.5 GW. Just a 0.5 GW has reach FID in 2023 so far.

Tesla has submitted a proposal to the Indian government to set up a Powerwall battery storage factory in India.

Solar module prices have never fallen so sharply in such a short period of time. One reason for this is the “PV module glut” in warehouses in Europe, according to pvXchange’s Martin Schachinger.

Plans to develop a large-scale green hydrogen production and export facility at Port Bonython in South Australia have received a significant boost with the state and federal governments investing $100 million (USD 64.4 million) to develop infrastructure that will support the proposed $593 million project.

Brookfield’s plans to acquire Origin Energy face a potential snag with the energy company’s largest shareholder, AustralianSuper, saying the $18.7 billion (USD 12 billion) takeover deal offered by the Canadian investment giant “substantially” undervalues the business.

The rise of cost-effective TOPCon cell technology last year led to a ‘surge’ in production demand for solar n-type cell technology, with leading industry analysts TrendForce prophesying PERC cell capacities ‘may’ be phased out in two to three years. The company’s experts, however, warn that oversupply for p-type cells and modules may increase the price gap between n-type and p-type products in the upcoming months.

The share of renewables in Australia’s main electricity grid has reached a new high, with rooftop and grid-scale solar, wind and hydro combining to deliver more than 70% of the total underlying demand on Wednesday.

Australia’s biggest coal miner has inked a major renewable energy deal that will utilise solar, wind and pumped hydro to provide about half the forecasted electricity demand of its central Queensland operations.

One month after formally opening its first operational grid-scale battery at the Torrens Island power station site in South Australia, AGL has confirmed that next month it will begin demolishing the adjacent gas-fired Torrens ‘A’ power plant.

Chinese company GoodWe will now be offering specialised carport solar panels to the Australian market, which it says are designed to overcome issues around water drainage and wiring.