PV industry faces consolidation says JinkoSolar
JinkoSolar has begun converting its production to n-type tunnel oxide passivated contact (TOPCon) products to stay competitive, says Frank Niendorf, the company’s general manager for Europe. He predicts that several market players in the value chain will exit the market soon.
Big batteries grab major share of new project additions
Battery projects continue to dominate Australia’s large-scale clean energy build-out with 6 GW of new capacity added to the nation’s renewables project pipeline last month, almost 4 GW more than the combined capacity of new solar and wind added during the same period.
SunPower files for bankruptcy
United States-headquartered solar company SunPower Corp has filed for bankruptcy, among the largest in a series of major bankruptcies in the industry.
Global PV investment to surpass $765 billion in 2024
The International Energy Agency projects that solar will attract more investment than all other electricity generation sources combined. Global energy spending is set to surpass $4.59 trillion (USD 3 trillion) for the first time this year.
Paper points to load shifting to support renewable rollout
Reconfiguring Australia’s residential off-peak hot water systems to consume electricity when renewable generation is at its peak could help minimise the more than 4,000 MWh of large-scale solar and wind generation that is being curtailed in the National Electricity Market annually.
Japanese appliance manufacturer snaps up Byron’s Smart Energy
Byron Bay-founded supplier and installer of residential rooftop solar and battery systems Smart Energy has been snapped up by Japanese appliance maker Rinnai Corporation as it seeks to establish a “robust presence” in Australia’s renewable energy sector.
Marinus Link locks in completion date for 750 MW interconnector
Marinus Link has locked in a 2030 completion date for the high-voltage Tasmania-Victoria power interconnection project after signing a deal worth more than $1 billion with the world’s largest cable maker.
Solar, wind capacity surpasses coal in China
Research consultancy Rystad Energy is predicting solar power will become China’s primary source of electricity by 2026, after the combined capacity of the country’s deployed solar and wind power overtook coal for the first time in June.
ClearVue integrated solar window tech cracks Middle East construction market
Smart building materials company ClearVue Technologies has cracked the Middle East and Indian construction markets after signing a five-year agreement with Qatar’s largest glass and façade manufacturer.
Australian big battery market building towards record year
Australia has firmed as the world’s fourth-largest market for utility scale batteries with new data from research consultancy Rystad Energy revealing that almost 3 GW / 8 GWh of battery energy storage projects have started construction in the first seven months of 2024.
