Wartsila says signals must be right to safeguard battery investment
One of the biggest players in Australia’s surging battery energy storage system market says regulators and policy makers must establish effective frameworks for market access and get the market signals right to ensure continued investment.
Tender launched seeking 6 GW of wind and solar for NEM
Registration for the Australian government’s fourth Capacity Investment Scheme tender is now open with this latest competitive auction for underwriting contracts targeting 6 GW of new solar and wind projects.
Trina seeks approval for 1 GWh battery project in Victoria
Chinese solar giant Trina Solar has lodged plans to build a 1 GWh battery energy storage system in Victoria as part of a broader strategy that aims to deliver more than 6.5 GW of large-scale renewable energy generation and storage projects across Australia.
NEM review takes pro-active approach to future-proof rapid renewables uptake
Future-proofing a grid after coal-fired power generation phases out, has prompted an Australian government review of the National Electricity Market to promote investment in firmed reliable renewable energy such as rooftop solar, utility scale projects, and storage capacity.
NSW provides green light for second 2 GWh battery in two days
The New South Wales clean energy transition is ramping up with the state government providing planning approval for a second 2 GWh battery energy storage system in as many days.
Feds table tax incentives for green hydrogen, critical minerals
The Australian government will introduce legislation to implement production tax incentives for green hydrogen and critical minerals to help boost investment in the sector.
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.
