Markets & Policy

South Korea has cut its 2030 renewable energy target from 30.2% to just 21.6%, as it seeks to reduce support for solar and other clean energy sources, while preparing the ground for more nuclear power and liquefied natural gas. A lobby group is now challenging the plan in the Seoul Administrative Court.

A $18.7 billion (USD 12.5 billion) takeover deal for Origin Energy has been struck with a consortium led by Canadian giant Brookfield. Brookfield’s vision for Origin involves spending “at least” $20 billion to build new renewables and storage, using Origin and its customer base as a vehicle for transition.

Household’s rooftop solar supplied a record 14% of Australia’s electricity this summer – contributing more than brown coal, and more than large-scale wind or solar farms.

The Greens and Labor have reached a deal over the proposed Safeguard Mechanism amendments with the scheme to now include a “hard cap” on emissions and a “safeguard trigger” for ministerial intervention.

The Kogan Renewable Hydrogen Demonstration Plant, which is expected to produce approximately 75 tonnes of green hydrogen annually from behind-the-meter solar energy, is nearing reality after CS Energy formalised its joint venture arrangements with ASX-listed gas company Senex Energy.

Swiss researchers have looked at whether storage could be cheaper than curtailment in medium-voltage distribution networks with significant amounts of PV capacity. They considered storage costs, operational costs, grid constraints, electricity costs, PV generation models, and loads.

The search for ever higher conversion efficiency has driven solar researchers to focus on back-contact cell approaches, and efforts to devise more cost-effective manufacturing are bringing technologies such as interdigitated back contact (IBC) solar into the mainstream, as Mark Hutchins reports.

Australian renewable energy developer MPower plans to step up its activities after establishing a funding relationship with international investment firm Singapore outfit Ampyr Energy that will help finance the growth of its portfolio of mid-scale solar power and battery energy storage projects.

Australia has been warned it must act swiftly to capture the economic and strategic opportunities of a booming battery industries sector that is predicted could provide $55.2 billion (USD 36.87 billion) in additional gross domestic product to the economy by the end of the decade.

Global renewable capacity increased by 295 GW last year, bringing the world to a cumulative installed capacity of 3,372 GW, according to the International Renewable Energy Agency (IRENA).