BESS are becoming more attractive
As battery energy storage system costs plunge, energy price volatility is shortening payback times for storage solutions. This shift, driven by a surge in intermittently generating renewables, and ongoing innovations in battery manufacturing, marks a pivotal moment for energy markets worldwide.
Wood Mackenzie forecasts 77 GW of floating solar by 2033
Wood Mackenzie predicts that the global floating solar market will be dominated by the Asia-Pacific (APAC) region and led by India, China and Indonesia through to 2033. The consultancy says growth will be driven by rising demand, decreased capital expenditure and supportive policies.
China export tax rebate cut tipped to send PV prices up
China has reduced the export tax rebate for solar products, lowering refunded taxes for Chinese PV exporters and eating into their profit margins. The move might force some companies to increase export prices to mitigate potential financial losses.
ClearVue teams with Chinese manufacturer to scale global expansion strategy
Australian solar window maker ClearVue Technologies continues to ramp up its global expansion plans, striking a manufacturing agreement with China-based glazing specialist Maxblue Industrial Glass.
Thornova Solar starts cell, module production in Indonesia
United States manufacturer Thornova Solar has started producing solar cells and modules in Indonesia. CEO William Sheng says the move is in line with changing US market regulations. It plans to supply customers with cells and modules from Indonesia, Laos or the US by mid-2025.
Iberdrola strikes renewable energy supply deal with 13 NSW councils
The Australian arm of Spanish energy company Iberdrola has struck a renewable energy supply agreement to provide 13 regional New South Wales councils with more than 390 GWh of electricity through to the end of 2030.
Lynas leads way with Australia’s first rare earths processing plant
Australia’s first rare earths processing plant has officially commenced operations with the $800 million Kalgoorlie facility expected to strengthen the nation’s place in the global critical minerals supply chain.
Australia pledges $125 million to support Pacific’s renewable energy shift
The Australian government has announced a $125 million funding commitment to help deliver off-grid and community scale renewable energy projects in remote and rural parts of the Pacific.
Sale plans put end to Fortescue green hydrogen project
Fortescue’s plan to build a large-scale green hydrogen and ammonia complex at Gibson Island in Queensland appears to have been officially abandoned with the site owner revealing its intent to sell the land.
Global growth flatlines in face of uncertainty
Solar demand growth has been pulled back by policy changes and uncertainty but capacity additions in 2025 should still eclipse 2024. InfoLink’s Jonathan Chou examines the leading regions for solar installations.
