Market backs big batteries as coal exit continues
Utility-scale batteries are rising to the challenge of guaranteeing network reliability as the clean energy transition continues, with Australia having now surpassed the United Kingdom to become the third-largest market for large-scale battery energy storage systems globally, behind China and the United States.
Singapore approves 1 GW hydropower import project from Malaysia
Singapore has conditionally approved a 1 GW hydropower import project from Malaysia’s Sarawak state, with first deliveries expected around 2035.
GPG seeks green tick for Queensland solar and battery project
Renewables developer Global Power Generation Australia is seeking federal government approval to develop a 290 MW solar farm and 180 MW / 360 MWh battery energy storage system in Queensland’s Fraser Coast region.
Thirty-five countries now operate GW-scale annual PV markets
The latest report from the International Energy Agency’s Photovoltaic Power Systems Program highlights that 2024 was another record year for solar installations globally but large overcapacities of solar cell, module and wafer manufacturing continued.
Ark Energy wins planning approval for 435 MW Richmond Valley solar farm
The New South Wales government has granted planning approval to the 500 MWdc / 435 MW solar farm componant of Ark Energy’s Richmond Valley hybrid project, which will be co-located with a 475 MW / 2,200 MWh battery energy storage system.
5 GW renewable generation sought in Capacity Investment Scheme Tender 7
Bids have opened for the Capacity Investment Scheme Tender 7 seeking 5 GW of generation in the National Electricity Market, with caveats to be operational by 31 December 2030 and have a forecast generation profile that displaces more fossil fuel generation.
High-rise buildings could soon use gravity energy storage, say researchers
Researchers in Canada have proposed using gravity-based energy storage in high-rise buildings, in combination with photovoltaic facades, small wind turbines, and lithium-ion batteries. Their modeling indicated that this hybrid system could achieve a levelized cost of energy ranging from $0.051/kWh to $0.111/kWh.
TW Solar introduces full-black module for Australian rooftop market
China-headquartered PV cell and module manufacturer TW Solar has introduced into the Australian market a “full black” n-type solar panel featuring an output of 470 W and a power conversion efficiency of 23.5%.
Rooftop solar commands price premium in property markets
Australian homes equipped with solar systems are commanding a price premium with new data showing they are valued at up to $31,350 more than similar properties without PV installations when it comes time to sell.
IEA says cost of capital for solar remains high in Southeast Asia
The International Energy Agency says the cost of capital for solar remains higher in Southeast Asian countries than it does in other emerging and developing economies.
