Markets & Policy

Reliance Industries says that production will begin at its 10 GW factory for solar cells and modules by 2024. It plans to double the facility’s capacity to 20 GW by 2026 and is aiming for 50 GWh of annual cell-to-pack battery capacity by 2027.

The 225 MW Oxley Solar Farm, proposed in northern NSW, has agreed to pay $5.9 million as a “community benefit contribution.” The payment links to a recent list of demands from councils within the New England Renewable Energy Zone fed up large-scale projects deliver “significant financial and social costs with little tangible benefit to our regions.”

Germany has launched the world’s first operational hydrogen trains and US researchers have presented a novel design for a tubular PEM fuel cell. ABB and Hydrogen Optimized, meanwhile, have expanded their strategic ties and Slovakia has moved forward with a major gas-blending pilot project.

Average polysilicon prices hit CNY 312 (AU$65.8)/kg this week, according to an industry association in China. The nation’s Ministry of Industry and Information Technology, the State Administration for Market Regulation, and the National Energy Administration have also asked regional authorities to take action to deal with the price increase.

The Australian Conservation Foundation has urged the federal government to take advantage of the global shift towards renewable energy to unlock hundreds of thousands of jobs and inject billions of dollars into the economy.

Renewable energy investors have proposed more than 40 new clean energy projects totalling more than 17 GW of generation and storage capacity for a coordinated renewable energy zone to be established in the Illawarra region on the New South Wales south coast.

Construction has commenced on a $45 million grid-scale battery storage system that will support further uptake of solar PV among households and businesses in the Northern Territory and help the government achieve 50% penetration of renewables into its energy supply by 2030.

Ravi Verma, senior executive vice president of Avaada, told pv magazine the group will invest US$5 billion (AU$7.18 billion) in an integrated green hydrogen and ammonia plant with 6 GW of captive renewables capacity. The green ammonia facility will have a production capacity of 1 million tonnes per year.

The electrification of transportation is set to boost the need for solar energy buildout.

Unprecedented volatility in global commodity markets, disruption to logistics and supply chains, and unrelenting growth has driven up the cost of Li-ion batteries since the middle of 2021. Sam Wilkinson and Oliver Forsyth of IHS Markit expect to see rapid manufacturing expansion that will still struggle to keep up with demand, and ultimately lead to the establishment of a smaller group of battery-makers specialized in supplying stationary energy storage systems.