Markets & Policy

Solar and storage analyst Sunwiz is predicting an inversion of many of the trends that dominated the industry in 2022. While rooftop solar has bounced back after a disappointing year, Sunwiz founder Warwick Johnston tells pv magazine Australia, the utility segment’s position looks dire.

New Zealand government-owned Genesis Energy and renewables partner FRV Australia have purchased an advanced 52 MW agrivoltaic solar project on New Zealand’s South Island. If the project meets its 2024 operational target as anticipated, it will be the country’s first utility-scale solar farm.

Malaysian oil giant Petronas is reportedly set to buy the Australian renewable assets of German developer Wirsol. With roughly 750 MW of solar and storage projects and nearly double that in development, the deal could be worth between $900 million (USD 625 million) to $1 billion, according to Reuters.

A distribution agreement between Europe-based Enermech and Wolftank Group will see mobile hydrogen refuelling stations installed at remote mine sites and industrial sectors across Australia and New Zealand.

Chinese scientists have analysed reports of thermal issues with vanadium redox flow batteries (VRFB) and existing thermal management methods. They say the operating temperature should be maintained in the range of 10 C to 40 C to ensure VRFBs with high efficiency, weak side reactions, high electrolyte stability, and low crossover.

Australian modular solar manufacturer 5B’s rapidly deployable Maverick technology is to be installed as part of a 95 MW hybrid power plant featuring solar, wind and battery energy storage. The plant will help power Liontown Resources’ Kathleen Valley Lithium Project being developed in the Goldfields region of Western Australia

United States-based solar tracker provider Array Technologies is planning to set up manufacturing operations in Australia after being awarded a contract to supply trackers for a 102 MW solar farm being developed in Victoria’s northeast.

Queensland government-owned CS Energy has inked its first 100% renewable energy contract in a move that the state government says highlights the accelerating transformation of the utility’s generation fleet from fossil-fuel fired power plants to renewable sources, including wind and solar.

New data from Cornwall Insight Australia’s EV uptake model shows that under an extreme scenario, 22 million electric vehicles (EVs) are expected to be part of the National Electricity Market (NEM) states’ fleet by 2052.

The federal government has opened industry consultations seeking to inform the country’s first national battery strategy with the goal of developing a globally competitive domestic battery manufacturing ecosystem in Australia.