Markets

Rystad Energy says that about €7 billion ($7.8 billion) of solar panels are now being stored in Europe, but European developers continued to buy solar modules from China throughout the first half of this year.

The volume and complexity of data generated by renewables sites is growing, as are the regulatory requirements regarding its collection and delivery. Thomas Andersen, VP of renewables for U.S.-based engineer Emerson, explains how modern asset management systems can deliver better functionality and management to project operators and owners.

Australia’s Fortescue Future Industries has made its first major move in the United States since the passage of the landmark Inflation Reduction Act, outlaying $34.42 million (USD 24 million) to purchase the ‘fast-to-market’ Phoenix Hydrogen Hub being developed in the American state of Arizona.

Clean energy investor Global Sustainable Energy Opportunities expects to gain access to additional revenue streams in Australia’s National Electricity Market after completing the retrofit of a battery energy storage system at an operating solar farm in South Australia.

The Australian government has launched a new study that will explore opportunities for onshore manufacturing of solar panels and components in a bid to strengthen solar supply chains and better support the country’s energy transformation.

Through the procurement exercise, the GEA-BEAC allocated 1,870.8 MW of ground-mounted PV capacity and 90 MW of floating solar power. The selected developers will secure 20-year power purchase agreements.

The Australian Renewable Energy Agency says solar technology is mature enough and sufficiently cost effective to meet Australia’s 2030 renewables goals but a step change in efficiency and cost is required to support the decarbonisation of hard-to-abate sectors such as industry and transport.

The New South Wales government has provided planning approvals for two new grid-scale batteries that will deliver a combined 540 MWh of energy storage capacity to support the state’s rapidly changing energy market.

A new report released by Australia’s national science agency shows that renewables, led by large-scale and rooftop solar, remain the cheapest form of new-build power generation in Australia despite a 20% average rise in technology costs.

Global demand for sodium-ion batteries is expected to grow to just under 70 GWh in 2033, from 10 GWh in 2025, at a compound annual growth rate (CAGR) of 27%, according to UK-based market research company IDTechEx.