Markets & Policy

The International Renewable Energy Agency (IRENA) told Berlin Energy Transition Dialogue participants this week that USD 5.4 trillion ($8 trillion) of annual investment is needed to support the global shift to renewables. Kenyan President William Ruto, meanwhile, called for a fair energy partnership between Europe and Africa.

With many of the top choice land parcels for renewable development now taken, the question of where to put new projects in Australia is growing troublesome. Australian company Rela thinks it has a novel solution – one which rests on levelling the knowledge playing field between landowners and developers. “If the counter party is your sole source of knowledge about this whole [renewable] ecosystem, of course you’re hesitant,” director Michael Katz tells pv magazine Australia.

Australian battery manufacturer Redflow has inked a deal that will see it supply its “non-lithium” energy storage technology to clean energy outfit Ameresco which is looking to develop integrated solar and zinc-bromine flow battery solutions for its customer base throughout North America and Europe.

Construction of the New South Wales section of Australia’s largest energy transmission project has reached a major milestone with the first of an estimated 1,500 new transmission towers that will form a key element of the $2.3 billion (USD 1.53 billion) EnergyConnect project installed near Buronga in the state’s far west.

A consortium led by the Fraunhofer Institute for Solar Energy Systems (ISE) will test grid-forming inverters at a large-scale PV facility in southern Germany. The aim of the first tests is to examine the performance of the devices under real operating conditions, stress factors, and typical stress profiles.

The Indian states of Rajasthan, Gujarat and Karnataka now account for more than 50% of the nation’s cumulative installed solar capacity.

Western Australia’s regional utility, Horizon Power, has bought a 50% stake in local solar company West Australian Alternative Energy.

As part of its $1.3 billion (USD 87 million) Solar Homes Program, the Victorian government has launched an initiative to upskill electricians, electrical engineers and licensed electrical inspectors to encourage them to take on more solar work.

Australia’s national science agency, the CSIRO, estimates the country could require a 10 to 14-fold increase in its electricity storage capacity between 2025-2050. It has released its energy storage report, forecasting demand in different sectors and summarising storage technologies.

Australian super funds Hesta and Aware Super have become minority partners into a newly launched renewable energy platform, Intera Renewables. Orchestrated by infrastructure manager Palisade Investment Partners, the fund aims to provide investors with diversified assets in terms of location, technology and offtakers, targeting stable returns and funding for new projects.