Markets & Policy

Squadron Energy, part of the Forrest’s family’s Tattarang Group, has acquired one of Australia’s biggest renewables players, CWP Renewables. The deal, reportedly worth more than $4 billion (USD 2.7b), came as something of a surprise with Squadron’s bid undetected beside highly publicised offers from Iberdrola, Tilt Renewables and Origin.

Pacific Northwest National Lab (PNNL) researchers in the US have developed a new framework to compensate energy storage as a dual-use asset.

Enphase CEO Badri Kothandaraman has said that the company will build four to six new manufacturing lines in the United States.

A free version of SunSPOT, a tool for tailored guidance on the ideal solar and battery set ups, has now been launched. Developed by APVI and UNSW, the online tool allows users to calculate size, cost and potential savings from household renewable systems and is the only such platform offering this information without a sales motive.

University of Queensland spin-off Pure Battery Technologies which has developed a greener, cheaper process for refining critical battery materials has received a $57.45 million (USD 38.5 million) loan from the European Investment Bank to build a demonstration plant in Hagen, west Germany.

PV Hardware has become a leading solar tracker manufacturer in Australia, a market renowned for its growth, opportunities and difficulty. Pv magazine spoke to Alejandro Cantos, director of PVH for the Asia-Pacific region.

Panasonic claims that its new vehicle-to-home system can increase the self-consumption rate of residential solar and storage capacity to 90%.

The Australian government will commence talks with investors and industry this week on the formation of a $15 billion (USD 10.2 billion) national reconstruction fund that aims to boost investment in onshore manufacturing, including the production of solar panels, batteries and hydrogen electrolysers, and components for wind turbines.

On the back of the Covid-19 pandemic, geopolitical conflict and allegations of forced labour in sectors critical to the renewable energy transition, awareness of supply chain insecurity has rarely been higher. Seeking to strike while the iron is hot, the Clean Energy Council and law firm Norton Rose Fulbright have published a white paper arguing that Australia’s own renewable energy supply chains could “benefit significantly” by a more concerted effort to address modern slavery.

Energy consultancy Xodus Group has announced plans to develop an export-scale green hydrogen project in the Mid-West region of Western Australia which will scale up to 1 GW of electrolyser capacity.