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Markets & Policy

Weekend read: Building to last in the global south

Paul Wormser, vice president for technology at Clean Energy Associates, says PV initiatives should be designed to last, as several well-meaning off-grid solar projects for the developing world have floundered over the years.

300 MW solar project sketched out for Darwin development

Traditional owners in the Northern Territory have teamed up with South Korean power provider Korea Midland Power and a Perth-based renewables company to progress plans for a 300 MW solar farm to be developed on land adjacent to the Middle Arm Sustainable Development Precinct on Darwin harbour.

WoodMac predicts 270 GW of new global PV capacity in 2023

Wood Mackenzie expects 270 GW of new global PV capacity in 2023, up 33% year on year. However, the annual growth rate is anticipated to fall to 1% in 2024 and to increase again by 5% in 2025.

Report tips $138 billion to keep Australia in manufacturing race

The Australian government needs to commit up to $138 billion (USD 90 billion) over the next decade to support manufacturing of renewable energy-related equipment or risk the country being left behind in the race to develop the technologies and manufacturing capacities needed to prosper from the global energy transition.

Origin teams with Coles on 20 MW solar and battery rollout

Origin Energy and supermarket giant Coles have partnered to deploy 20 MW of solar at up to 100 supermarkets and liquor stores throughout Australia in a deal that will allow the energy gentailer to use excess electricity generated by the installs to ease pressure on the grid during peak demand periods.

MGA moving to scale up thermal energy storage solution

Newcastle-based clean energy company MGA Thermal has secured $8.25 million (USD 5.39 million) from domestic and international investors as it gears up for commercial scale production of its thermal long-duration energy storage solution.

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Australian lithium miner gives go-ahead for on-site processing plant

Pilbara Minerals and Australian technology company Calix have received board approvals to build a ‘game changing’ processing plant to produce value-added lithium product at the miner’s flagship Pilgangoora project in Western Australia.

H2X to accelerate growth after landing US funding deal

Australian hydrogen technology startup H2X Global will accelerate the rollout of its hydrogen-powered vehicle range in both domestic and international markets after securing an $87 billion (USD 57 million) investment agreement with United States-based Verde Mobility.

First commercial gravity-based energy storage tower begins commissioning

Energy Vault has begun commissioning a 25 MW / 100 MWh energy storage tower adjacent to a wind power facility outside of Shanghai.

Ingeteam sells O&M division to RES Group

Ingeteam has sold its operation and maintenance (O&M) division to United Kingdom-based RES Group. It says the division’s 35 GW of O&M contracts throughout the world are valued at $58.55 billion (€35 billion).

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