Markets

The Australian Energy Regulator has launched a “one-stop” online shop which aims to reduce regulatory hurdles and assist energy businesses and start-ups seeking to bring new technology and innovation to the market.

Canadian Solar has announced plans to invest in a new solar production base in Qinghai province, while Boamax Technologies has revealed that it will build a new heterojunction solar cell and module factory in Anhui province.

Australian renewable energy developer Genex Power has bought Queensland’s Bulli Creek storage project from Solar Choice, saying it plans to develop the site in five stages – the first of which will include a 400 MW / 1,600 MWh big battery.

In a bit more bad news for everyone already struggling with the current energy crisis, modelling from Cornwall Insight Australia forecasts that prices will remain at increasingly high levels for the next three years, after which they will flatten but are not likely to lose their volatility in the longer term.

Miner Rio Tinto has received offers to build more than 4 GW of solar and wind capacity after the company sought proposals to help it cut carbon emissions at its Queensland operations.

New research from Stanford University researcher Mark Jacobson outlines how 145 countries could meet 100% of their business-as-usual energy needs with wind, water, solar and energy storage. The study finds that in all the countries considered, lower-cost energy and other benefits mean the required investment for transition is paid off within six years. The study also estimates that worldwide, such a transition would create 28 million more jobs than it lost.

We in the solar industry are used to our share of craziness. For us, business as usual is more the exception than the rule. We are used to coping with all sorts of imponderables – chaos as usual. Companies that have mastered this from years of training will probably be able to navigate their businesses through these troubled times. Martin Schachinger of pvXchange finds that it has been a long time since the PV market has been as crazy as it is now. Prices are rising steadily across the board, but not for solar panels.

The latest modelling from Bloomberg senior clean energy analyst Rob Barnett indicates a 30% increase in global PV deployment this year, and double-digit growth through 2025.

India installed 12.3 GW of solar in the 12 months ending March 31, 2022. The nation is expected to add a record 20 GW in the current fiscal year.

Wood Mackenzie places Australia fourth on its list of the globe’s top 10 storage markets, coming in just behind Germany, with the US and China unsurprisingly topping the list. The analyst expects the world’s cumulative storage deployments to reach 500 GW by 2031, according to its Global Energy Storage Outlook released today.