Markets

The Australian government needs to commit up to $138 billion (USD 90 billion) over the next decade to support manufacturing of renewable energy-related equipment or risk the country being left behind in the race to develop the technologies and manufacturing capacities needed to prosper from the global energy transition.

Origin Energy and supermarket giant Coles have partnered to deploy 20 MW of solar at up to 100 supermarkets and liquor stores throughout Australia in a deal that will allow the energy gentailer to use excess electricity generated by the installs to ease pressure on the grid during peak demand periods.

Pilbara Minerals and Australian technology company Calix have received board approvals to build a ‘game changing’ processing plant to produce value-added lithium product at the miner’s flagship Pilgangoora project in Western Australia.

Ingeteam has sold its operation and maintenance (O&M) division to United Kingdom-based RES Group. It says the division’s 35 GW of O&M contracts throughout the world are valued at $58.55 billion (€35 billion).

Flow battery technology is under the microscope with the Queensland government committing $24 million (USD 15.83 million) to further evaluate and assess the capacity of the technology to support the next stage of the state’s battery capability and help meet its renewable energy targets.

A permanent shift towards 100% renewable energy supply on Tasmania’s King Island is a step closer to realisation with the completion of a new 1.5 MW solar farm adding to the existing hybrid off-grid power system that services the island.

Chinese module manufacturer DAS Solar has launched an Australian subsidiary, an investment the company says reflects its confidence in the region’s solar market.

Brookfield’s bold ambitions for Australia have reached a new level with the global asset manager inking an agreement with India-headquartered multinational Reliance Industries to explore the production of solar panels, long-duration battery storage, and other renewable energy equipment in Australia.

Queensland-based investment platform Clean Energy Transfer Fund intends to circumvent lengthy lead times and major capital outlays associated with grid-scale renewables projects by deploying hundreds of sub 5 MW energy storage units throughout Australia to create coordinated battery ‘hives’ of up to 200 MWh each.

Australia’s shift to zero-emissions vehicles is accelerating with a new report revealing that electric vehicles sales more doubled in the first half of 2023 with battery-powered vehicles accounting for more than 8% of all new car sales.