Markets

For the seventh year in the row, China-based Contemporary Amperex Technology Co. (CATL) looks set to claim the title of the world’s biggest battery maker. There are a number of reasons why it continues to maintain its lead in the electric vehicle (EV) and battery energy storage system (BESS) markets.

Hanwha Qcells has closed its 3.5 GW solar factory in South Korea as part of plans to optimise its PV module production capabilities amid a stagnant domestic solar market.

Energy giant BP announced today it would take full ownership of solar and wind energy developer Lightsource BP once a deal – pertaining to the purchase of the remaining renewables company’s shares BP does not own – goes through next year.

A study by engineers at UNSW, published in the Renewable Energy journal, shows that aerosols and greenhouse gas emissions reduce the productivity of photovoltaic installations and that this differs according to the global region.  

Lodestone Energy has started generating electricity at its solar farm in Kaitaia, New Zealand’s largest solar farm and first utility scale solar installation to date.

The sun is shining, the weather is sweet. In this Opinion and Analysis piece, Lumi Adisa, Director of Energy Market Analytics at NEOM and ex-Investment Director of Energy Markets at Octopus Investments Australia, presents a deep dive into the unprecedented impact of rooftop solar in the NEM. As rooftop solar continues to drive changes in the intraday demand and price trends, it is evident that customers will remain a significant part of the energy transition for years to come.

Planning permits have been granted to two large battery projects by Victoria’s planning department: the existing Elaine Battery Energy Storage System (BESS) by Akaysha Energy has been approved for expansion at its four-hour energy battery, and Flow Energy’s BESS project at Bennett’s Creek that will further transform the former coal country into a hub for 24/7 renewable energy.

BloombergNEF says historically low module prices will drive the global solar industry to record installations in 2023.

Investment in Australia’s renewable energy sector is more than 10 times lower than where it should be to reach 2030 targets, according to the Clean Energy Council calculations. Australia’s “sluggish” large-scale segment is the result of a confluence of issues, and illustrates the urgent need for the federal government’s newly supercharged Capacity Investment Scheme.

Wood Mackenzie says in a new report that China could install 230 GW of PV and wind capacity and export more than 200 GW of solar panels in 2023. Unlike Europe and United States, the country is avoiding the high curtailment of PV and wind.