Markets & Policy

The Australian arm of Philippines-based AC Energy Corporation, or ACEN, has had its vision for an 8 GW clean energy portfolio including solar, wind, battery and pumped hydro supported by a $75 million (USD 48 million) investment from the Clean Energy Finance Corporation.

“Integration” was the war cry at this year’s All Energy conference in Melbourne, with an unmistakable push, especially among ‘premium’ brands, toward vertically stacked product suites bundling solar, batteries, energy management platforms, virtual power plants and electric vehicle chargers into one super solution. How big is the market for such a proposition in Australia though? And does streamlining stymie flexibility? pv magazine Australia spoke to a number of brands on the promise, and limits, of the full stack strategy.

Jinko Solar recorded a higher profit in the third quarter of 2022, as sales of its solar panels surpassed 10 GW. The Chinese PV module manufacturer said it now wants to ramp up production to keep pace with rising global demand.

Set to land on Australian shores in Dec. 2022, German solar panel manufacturer AE Solar has modified a panel to meet the continent’s particular stress factors, including our far higher temperatures, UV doses and humidity. “Since we think it’s a kind of localised, or environmentally adapted module, we think it can be a selling factor for this particular line,” AE Solar’s Head of R&D, Dr Hamed Hanifi, told pv magazine Australia during Melbourne’s All Energy conference last week.

The Malaysian authorities have revealed that they will extend power purchase agreements from the fourth LSS4 tender for large-scale PV from 21 to 25 years.

The International Energy Agency (IEA) has published its “World Energy Outlook 2022” report. It expects the energy crisis triggered by Russia’s invasion of Ukraine to accelerate the global energy transition.

While near neighbours, the electricity generation of the countries of Southeast Asia couldn’t be further apart. Indonesia burns locally mined coal, Malaysia has reserves of oil and gas, while populous Singapore, Vietnam, and the Philippines, depend on fossil fuel imports. They could all benefit from increased solar imports, but higher grid capacities and interconnection are key for an opportunity to unlock the power of the sun.

The University of Technology Sydney’s (UTS) Institute for Sustainable Futures (ISF), in collaboration with the Commonwealth Scientific and Industrial Research Organisation (CSIRO) Climate Science Centre, has published the findings of its national “Climate Skills Survey” of financial professionals. 

Swiss energy storage company Energy Vault has been awarded the contract to supply the in development 330 MW Meadow Creek Solar Farm in Victoria with a 250 MW/500 MWh battery energy storage system.

A new study has calculated that the globalised PV module supply chain has saved billions for PV installers in Germany, the US and China. It also found that if strong nationalistic policies that limit the free flow of talent and capital were implemented going forward, solar panel costs would be 20-25% higher by 2030.