Renewables developer Global Power Generation Australia is seeking federal government approval to develop a 290 MW solar farm and 180 MW / 360 MWh battery energy storage system in Queensland’s Fraser Coast region.
The latest report from the International Energy Agency’s Photovoltaic Power Systems Program highlights that 2024 was another record year for solar installations globally but large overcapacities of solar cell, module and wafer manufacturing continued.
The New South Wales government has granted planning approval to the 500 MWdc / 435 MW solar farm componant of Ark Energy’s Richmond Valley hybrid project, which will be co-located with a 475 MW / 2,200 MWh battery energy storage system.
Bids have opened for the Capacity Investment Scheme Tender 7 seeking 5 GW of generation in the National Electricity Market, with caveats to be operational by 31 December 2030 and have a forecast generation profile that displaces more fossil fuel generation.
Researchers in Canada have proposed using gravity-based energy storage in high-rise buildings, in combination with photovoltaic facades, small wind turbines, and lithium-ion batteries. Their modeling indicated that this hybrid system could achieve a levelized cost of energy ranging from $0.051/kWh to $0.111/kWh.
China-headquartered PV cell and module manufacturer TW Solar has introduced into the Australian market a “full black” n-type solar panel featuring an output of 470 W and a power conversion efficiency of 23.5%.
Australian homes equipped with solar systems are commanding a price premium with new data showing they are valued at up to $31,350 more than similar properties without PV installations when it comes time to sell.
The International Energy Agency says the cost of capital for solar remains higher in Southeast Asian countries than it does in other emerging and developing economies.
Another big battery has joined South Australia’s energy mix with Epic Energy announcing that its 200 MWh Mannum battery energy storage system is now fully operational.
Global clean energy major EDP Renewables plans to accelerate the development of more than 1.7 GW of solar and battery storage in Australia after securing support under the federal government’s Capacity Investment Scheme.
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