Spanish giant plans $26 billion investment in Australian renewables following government change
Spanish energy and construction giant Acciona plans to massively expand its investment in Australian renewable projects over the next five years, following the new federal government’s pledge to upgrade national electricity transmission networks.
Vietnamese government fears legal action from solar investors
The Vietnamese government is reportedly concerned about legal action from solar investors if its new power development plan does not prove ambitious enough.
Heat pumps ‘grossly underestimated’ technology for Australia’s decarbonisation
Interest and investment in heat pumps has surged in Europe, but in Australia the technology has struggled to find a serious foothold. Industrial heat pumps could reduce ‘hard to abate’ emissions here by 15 million tonnes per annum by 2050, according to new modelling from the Australian Alliance for Energy Productivity though. Despite the potential, dodgy technology suppliers and schemes gone awry have left a bad taste in Australia’s mouth, CEO Jarrod Leak tells pv magazine Australia.
CSIRO tips global influences to stall cost reductions for renewables
Australia’s national science agency has reaffirmed integrated wind and solar PV remain the cheapest new-build electricity generation options but warned inflationary pressures and ongoing supply chain disruptions are likely to stall any further cost reductions for at least 12 months.
Edify secures $13 million for Darlington Point big battery project
Australian renewables developer Edify Energy has secured more than $13 million in federal and state government funding to help finance the installation of a 25 MW/50 MWh battery energy storage system featuring advanced inverter technology next to its 275 MW Darlington Point Solar Farm in south-west New South Wales.
No let-up in sight for polysilicon price hikes
A prominent analyst in China expects the price of the solar panel raw material to pass CNY 300 (AU$65.5) per kg soon and says the sky-high prices will continue at least through September.
Canadian Solar sells two Australian solar farms to US interests
Chinese-Canadian PV heavyweight Canadian Solar has for an undisclosed sum offloaded two of its Australian utility scale solar power projects with a combined generation capacity of 260 MW to an offshoot of United States renewable energy giant Berkshire Hathaway Energy.
IEA warns one-third of global PV manufacturing capacity at risk of bankruptcy
A new report from the International Energy Agency stresses the importance of geographically diversifying the global PV supply chain. This would prevent supply chain vulnerability to bankruptcies and underinvestment.
Singapore regulator issues fresh appeal for clean power
Singapore’s Energy Market Authority has already attracted proposals for 1.2 GW of renewable electricity, to be generated in four southeast Asian nations, and wants to raise that figure to 4 GW by 2035.
Renewables investors call for urgent reform of regulatory processes
A coalition of renewable energy investors is calling for urgent reform of the National Electricity Market to help restore confidence among developers of large-scale wind and solar projects grappling with grid congestion and curtailment issues in Australia.
