Markets & Policy

Construction of eight large-scale renewable energy generation and storage projects with a combined capacity of more than 1 GW commenced in Australia in the first quarter of 2023 but the Clean Energy Council has warned the project pipeline is drying up as “headwinds” increase.

Australian redox-flow battery manufacturer Redflow will build one of the world’s largest zinc-based battery energy storage systems in the United States after inking a multi-million-dollar deal with the California Energy Commission.

Renewables investor Quinbrook Infrastructure Partners has confirmed its focus is on the onshore potential of Sun Cable’s estimated $35 billion (USD 22.76 billion) Australia-Asia PowerLink project that aims to deliver up to 800 MW of renewable energy into Darwin and export solar from Australia to Singapore via a submarine transmission link.

For every dollar invested in fossil fuels, 1.7 dollars are invested in clean technologies. Five years ago, it was a one-to-one ratio, said the International Energy Agency.

Longi said today it cut the prices of its wafer products by 30% and Trina announced it will build a 25 GW monocrystalline ingot factory in the Sichuan province. Furthermore, the National Bureau of Statistics (NBS) revealed that the Chinese PV industry produced 39.92 GW of solar cells in April, and Datang Group unveiled the results of a tender to procure 8 GW of solar panels.

A global race is underway to capture the manufacturing market for clean energy technologies. While lady lucky has certainly shone on Australia, competition is fierce, experts say.

Despite their promise, adoption rates of Virtual Power Plants (VPPs) in Australia have been underwhelming. Head of Renewable Energy Finance at Plenti, Louis Edwards, says the issue stems from VPP operator’s overlooking their point of sale. “It’s too much risk the installer takes and they don’t do it,” he tells pv magazine Australia.

GemLife, which describes itself as “luxury resort living for the over-50s,” has set up its own Virtual Power Plant (VPP), and is set to invest $75 million in coming years to rollout the VPPs across more than 10,000 homes in its property portfolio on Australia’s east coast.

The Clean Energy Regulator has, for the first time, sought to disqualify a solar installer from the small-scale renewable energy scheme (SRES), effectively Australia’s solar rebate program. It has also commenced civil proceedings against a solar and electrical installation company and its two directors.

Wiki-Solar’s latest league table of utility-scale solar project developers shows that only six renewable specialists occupy the top 20 spots.