Markets & Policy

Adani (1,755 MW), NTPC (1,618 MW), and Avaada (1,383 MW) were the top developers by projects commissioned in 2022, according to Bridge To India’s latest report.

After consistently raising the price of its Powerwall home battery system since 2018, Tesla has finally dropped its recommended retail price to $14,599 (USD 9,818), a substantial $1,631 reduction.

Only weeks after announcing its plan to build a lithium-ion battery gigafactory in Geelong, Australia-based startup Recharge Industries has bought collapsed battery maker Britishvolt – doubling its manufacturing ambitions. The takeover resuscitates Britishvolt’s gigafactory play in northern England, and means the little known startup now holds two significant battery making projects.

Global solar developer Lightsource bp is reportedly testing buyer interest in five Australian projects, hiring Macquarie Capital to run early-stage market soundings on the deal which could potentially be worth around $1 billion (USD 670 million).

Atlassian CEO Mike Cannon-Brookes’ family fund Grok Ventures is among the initial investors in Canberra-based Infradebt’s Energy Transition Fund. The fund will finance six to eight grid-scale battery projects with a total capacity of up to 2 GW.

Wood Mackenzie says in a newly published report that new hydrogen capacity announcements fell year on year in 2022, while researchers claim that green hydrogen heating systems will probably not replace gas boilers in European homes.

CATL’s new lithium pricing structure gives Chinese original equipment manufacturers (OEM) an effective discount of more than 20%. It is making the move to win more orders amid a slowdown in the electric-vehicle market and the ongoing efforts of cell manufacturers to secure raw materials.

A huge renewable energy zone to be established on the New South Wales south coast has been formally declared, potentially unlocking more than 17 GW of solar, wind, battery storage, pumped hydro, hydrogen and new load projects, including green steel manufacturing.

Victoria will offer private landowners $200,000 (USD 134,400) for every kilometre of land over which they allow transmission lines to be installed as the state government looks to accelerate the development of new transmission infrastructure deemed critical to the future security of the energy grid.

Spark Renewables, part of the listed network investment company Spark Infrastructure, intends to develop a 1 GW hybrid wind, solar and battery storage hub near Murulan in the New South Wales Southern Tablelands as it continues its push into green power.