Greek developer shops Australian solar and battery portfolio
Greece-based resources and renewables company Mytilineos, now known as Metelen Energy and Metals, is looking to sell its Australian renewable energy generation and storage assets, including six operational solar farms totalling 284 MW.
Longi, Aiko Solar, TCL Zhonghuan, Tongwei to post H1 losses
Longi says it expects a net loss of CNY 4.8 billion ($980 million) for the first half of 2024, while Tongwei is bracing for a CNY 3 billion loss. Aiko Solar and TCL Zhonghuan, meanwhile, are predicting losses of CNY 2.9 billion and CNY 1.4 billion, respectively.
Global energy storage fleet to surpass 1 TW/3 TWh by 2033, WoodMac says
According to the latest forecast from Wood Mackenzie, the global energy storage market (excluding pumped hydro) is on track to reach 159 GW/358 GWh by the of 2024 and grow by more than 600% by 2033, with nearly 1 TW of new capacity expected to come online.
Contact teams with Tesla on 200 MWh battery for NZ
New Zealand generator and retailer Contact Energy has announced plans to build a 100 MW / 200 MWh battery energy storage system on the country’s North Island that will support the development of new renewables including solar generation.
Queensland breaks ground on $5bn CopperString project
The Queensland government has broken ground on the $5 billion CopperString transmission line project that is to stretch across the state’s north, connecting the region to the national grid and helping to unlock an estimated 6 GW of renewable energy resources.
WoodMac predicts 3.8 TW of new solar by 2033
Wood Mackenzie says that solar will account for 59% of new renewables between 2024 and 2033. China is expected to drive the growth, accounting for half of new solar deployment over the projected time period.
TrendForce says 210 mm module shipments surpassed 260 GW in Q1
Market intelligence platform TrendForce says 210 mm n-type technology is “set to spearhead a new industrial revolution.” It expects 210mm modules to account for 78.29% of the large-format module market this year, increasing to 82.51% by 2027.
Hydrogen vehicle maker Hyzon confirms exit from Australian market
United States-based hydrogen fuel cell manufacturer Hyzon has announced it will halt its operations in Australia, citing challenging market conditions and waning government support.
Queensland launches battery supply chain database
The Queensland government has launched Australia’s first battery supply chain database to help local companies identify business and supply chain opportunities and to support domestic production and connect with potential investors.
Digital world driving growing demand for renewable generation
The world’s reliance on the internet, the shift to cloud computing, and the emergence of AI all fuel demand for more and more data centres. The International Energy Agency projects that by 2026, data centres will consume more than 800 TWh annually, more than double their consumption in 2022.
