Markets

Fortescue Future Industries (FFI), owned by mining giant Fortescue Metals, has submitted a proposal for a green hydrogen and ammonia production facility project in Canada’s British Columbia. Dubbed ‘Project Coyote’ the facility would be located in the city of Prince George in the centre of the Canadian province.

German PV analyst Karl-Heinz Remmers looks at current price trends in the global and European PV industry. The figures he provides could explain how overcapacity and warehouses full of PV modules are affecting market prices.

Clean Energy Associates projects that major Chinese manufacturers will achieve a global solar module manufacturing capacity of 1 terawatt by the end of 2024. Furthermore, this capacity is projected to hit that same mark within China’s borders by 2025.

BloombergNEF Senior Analyst Jenny Chase and Aurora Energy Research Renewables Lead Rebecca McManus speak with pv magazine about financial market trends for solar companies and the role of overcapacity as a driver of turbulence in the industry.

The figures for large-scale certificates registrations across most of Australia this year are dismal, despite the nation adopting a far brighter policy landscape. “There’s a very large discrepancy between rhetoric and what’s actually occurring,” Sunwiz managing director Warwick Johnston tells pv magazine.

Zonal Renewables plans to construct a new 100 MW floating solar project on a 90-hectare fishpond in the Philippines, in Cadiz, Negros Occidental province.

Gentari, a subsidiary of Malaysian state-owned oil company Petronas, plans to build between 5 GW to 8 GW of solar, wind and battery projects in Australia by 2030. The ambition follows its acquisition and rebranding of Wirsol Energy, which marked the Malaysian company’s entry into the Australian renewable energy market.

Researchers in Australia have provided a series of recommendations to set up regulatory frameworks for PV module recycling and reuse. They said that, as a rule of thumb, landfill bans, tracking of the panels’ serial numbers, and a clear definition of ownership should always be included in the legislation for end-of-life solar products.

Australian thermal storage company, Graphite Energy, has received development approval for a $29 million (USD 18.6 million) sustainable energy precinct in Lake Cargelligo, in the mid-west of New South Wales.

A short report explaining upcoming challenges and solutions to electricity security has been published by the Australian Academy of Technology Sciences and Engineering (ATSE). The report calls for more investment to meet government targets and to keep consumer prices down.