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Markets & Policy

Fortescue plans additional 2 GW to 3 GW of renewables as part of $9.2 billion investment

Australian-based mining giant Fortescue Metals Group has announced it will deploy an additional 2 GW to 3 GW of renewable energy generation and battery storage as part of a more-than $9 billion plan to decarbonise its iron-ore operations by 2030.

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Shift in energy system helps Victoria smash emissions targets

Victoria’s ongoing transition to renewable energy sources, including the installation of hundreds of thousands of rooftop solar PV systems, has helped the state “smash” its 2020 emission reduction targets on the path to net zero by 2050.

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Energy Vault to deploy 2 GWh of gravity storage in China

Energy Vault’s EVx storage system is comparable to pumped hydro, using grid-scale renewable energy when supply is abundant to drive motors and raise 30-ton blocks on a six-arm crane tower, rather than water, up to a height. When power needs to be discharged back to the grid, the blocks are lowered, harvesting the kinetic energy.

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Solar installers stripped of licences after logging false claims

Seven solar installers in New South Wales have had their electrical contractor licences stripped by the state government regulator after investigations found they had signed off on rooftop PV installations while they were interstate or overseas.

New grid-scale LFP battery from Canadian Solar

Solar PV technology manufacturer Canadian Solar plans to quadruple its battery manufacturing capacity by the end of 2023. A part of that strategy is a new 2.8 MWh lithium-ferro phosphate battery which will be unveiled at the RE+ conference in California this week.

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Pumped hydro storage takes shape in the Philippines

Prime Infra recently acquired a 500 MW pumped storage hydropower project in Rizal province in the Philippines. The company is also developing a 1.4 GW facility in the country.

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Weekend read: Darkest hour before Ukraine’s solar dawn

Ukraine is still facing dire circumstances, with war continuing to claim lives and Russian invaders occupying large parts of the country. Solar plant owners also face serious challenges, including collateral damage, looting, destruction of communication infrastructure, and payment shortfalls. However, a bold vision for recovery has been set out with a key role for solar, as Ian Skarytovsky reports.

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CER investigating potential $1.5 million solar panel fraud

Australia’s Clean Energy Regulator has this week executed search warrants on several residential and commercial addresses connected to a Perth-based solar PV retail and installation business as part of an investigation into a potential $1.5 million solar panel fraud.

Yara confirms construction of Pilbara green hydrogen plant to begin in weeks

Construction of a large-scale solar-powered green hydrogen and ammonia development in Western Australia will begin next month with ammonia producer Yara and the Australian arm of French renewables giant Engie announcing on Friday the final investment decision on the $87.1 million project.

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Study shows switching to renewables by 2050 would save world trillions

Transitioning from fossil fuels to renewable energy technologies including solar PV and green hydrogen by 2050 could save the world at least $18 trillion (US$12 trillion), according to a peer-reviewed study published by researchers from Britain’s Oxford University and Australia’s Monash University.

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