First $5 billion transferred to manufacturing fund, proposals so far dominated by renewables
Australia’s National Reconstruction Fund is up and running, with the federal government transferring the first $5 billion (USD 3.26 billion). The fund has already received around 100 proposals, with climate ventures and advanced technology reportedly dominating.
Platform helping developers see constraints on the grid among startup accelerator’s 2023 cohort
Startup accelerator EnergyLab is showcasing its 2023 cohort of promising climate tech startups this morning. Ahead of the launch, pv magazine Australia caught up with participants Energy Synapse and PowerPlay.
Redflow wins major contract with US Department of Defence
Brisbane-based flow battery company, Redflow, has inked $4.4 million a deal with the US Department of Defence to deliver a prototype microgrid at a New York state airbase, with up to 1.4 MWh of zinc-bromide battery storage.
Rystad forecasts 150 GW of new solar in 2023
Rystad Energy believes China could be on track for another record year in 2023, with expectations for more than 150 GW of new PV capacity. The Norwegian consultancy says the country could also potentially install 165 GW in 2024 and 170 GW in 2025.
Fortescue moves forward with hydrogen project in Prince George
Fortescue Future Industries (FFI), owned by mining giant Fortescue Metals, has submitted a proposal for a green hydrogen and ammonia production facility project in Canada’s British Columbia. Dubbed ‘Project Coyote’ the facility would be located in the city of Prince George in the centre of the Canadian province.
New figures provide clarity on solar module glut, ‘dumping’ prices
German PV analyst Karl-Heinz Remmers looks at current price trends in the global and European PV industry. The figures he provides could explain how overcapacity and warehouses full of PV modules are affecting market prices.
A terawatt of solar module capacity expected within 16 months
Clean Energy Associates projects that major Chinese manufacturers will achieve a global solar module manufacturing capacity of 1 terawatt by the end of 2024. Furthermore, this capacity is projected to hit that same mark within China’s borders by 2025.
Overcapacity hammering solar stocks
BloombergNEF Senior Analyst Jenny Chase and Aurora Energy Research Renewables Lead Rebecca McManus speak with pv magazine about financial market trends for solar companies and the role of overcapacity as a driver of turbulence in the industry.
Australia’s large-scale segment stagnates
The figures for large-scale certificates registrations across most of Australia this year are dismal, despite the nation adopting a far brighter policy landscape. “There’s a very large discrepancy between rhetoric and what’s actually occurring,” Sunwiz managing director Warwick Johnston tells pv magazine.
Philippines to build new 100 MW floating solar power farm
Zonal Renewables plans to construct a new 100 MW floating solar project on a 90-hectare fishpond in the Philippines, in Cadiz, Negros Occidental province.
