SMA’s Home Solutions segment was particularly badly hit as the PV inverter manufacturer struggled to meet the demand due to the shortage of materials. The sales and results in the first half of 2022 were therefore significantly worse than in 2021. The company now wants to take “a series of measures to improve its long-term ability to deliver.”
The Australian government’s green bank has inked a landmark agreement with the Queensland government to develop critical transmission and grid infrastructure to connect more than 1.5 GW of renewable energy assets to the National Electricity Market.
The Australian Energy Regulator has launched a “one-stop” online shop which aims to reduce regulatory hurdles and assist energy businesses and start-ups seeking to bring new technology and innovation to the market.
Canadian Solar has announced plans to invest in a new solar production base in Qinghai province, while Boamax Technologies has revealed that it will build a new heterojunction solar cell and module factory in Anhui province.
Ampt posits that all of SolarEdge’s technology is in violation of patents controlled by the Colorado company, and that they should be required to immediately cease all sales.
Brisbane startup Line Hydrogen today announced a deal with Canada’s Jericho Energy Ventures’ which will see it bring hydrogen boilers to Australia.
Australian renewable energy developer Genex Power has bought Queensland’s Bulli Creek storage project from Solar Choice, saying it plans to develop the site in five stages – the first of which will include a 400 MW / 1,600 MWh big battery.
In a bit more bad news for everyone already struggling with the current energy crisis, modelling from Cornwall Insight Australia forecasts that prices will remain at increasingly high levels for the next three years, after which they will flatten but are not likely to lose their volatility in the longer term.
Energy company Shell has completed the acquisition of Solenergi Power, an Actis company owning 100% of Indian renewables developer Sprng Energy. The transaction value is US$1.55 billion (AU$2.22 billion), with half as cash Capex and the remainder as debt obligations.
Horizon Power, the state government owned electricity provider for much of regional Western Australia, is set to rollout energy management technology which integrates the utility’s assets with distributed energy resources. The technology, which uses predictive analytics, hopes to unlock access to renewables in the regions.
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