Markets & Policy

CleanPeak Energy, who have until now specialised in the C&I segment, have acquired the 13 MW Mugga Lane Solar Park in Canberra. CleanPeak reportedly bought the solar farm for between $30 million (USD 21 million) and $40 million, after it was placed into voluntary administration following a loan dispute.

Sun Cable, the company behind the world’s largest solar and storage project, has officially gone up for sale after entering voluntary administration in January. Its administrator, FTI Consulting, is seeking binding offers of acquisition or recapitalisation by the end of April with a deal to be finalised by May’s end.

Last year was a tricky one for solar, with each segment from residential to commercial to utility behaving quite differently. The industry trends have been laid out in Sunwiz’s latest Australian PV Report and pv magazine Australia takes a dive into what happened and what there is to learn.

The Chinese government is considering the introduction of export restrictions on solar wafers, black silicon, and silicon casting equipment. It has launched a public consultation process on the proposed measures.

Australian renewable energy developer MPower has acquired the shovel-ready 5 MW Faraday solar project in Victoria. The purchase is part of the company’s broad mid-scale strategy.

Chinese manufacturer Longi has increased the product warranty for its Hi-MO 5m modules to 25 years in Australia and New Zealand. The company says the ten year boost comes “after identifying how important it has become for consumers to have full confidence and peace of mind at the time of choosing their solar system components.”

Commercial and industrial energy retailer SmartestEnergy Australia have signed a power purchasing agreement with Octopus Australia to offtake 25% of generation from its Darlington Point Solar Farm in New South Wales.

Acen Renewables, a Manila-based developer, is building two solar plants in the provinces of Pangasinan and Zambales.

An Australian cleantech company that claims its technology could enable hydrogen production of below $1.50 per kilogram by the middle of the decade is one of four green fuel projects to share in more than $100 million (USD 78 million) funding awarded as part of a collaboration between the Australian and German governments.

UK-based developer Renewable Energy Systems Group is planning to build a 250 MW/600 MWh battery energy storage system in the New South Wales Hunter region that is says would provide critical grid services and support Australia’s renewable energy transition.