Markets & Policy

Polysilicon prices started to rise in the second half of January, according to new data from the China Nonferrous Metals Industry Association (CNMIA).

Malaysian researchers have developed a system that can absorb heat from PV modules and transmit it to a nanofluid, in order to transform it into thermal energy and use it for different applications. The panels have an overall efficiency of 89%.

Singapore-based vanadium redox flow battery maker VFlowTech has raised $14.4 million (USD 10 million) as part of a Series A funding round. It will use the capital to set up a 200 MWh vanadium flow battery factory for the production of its 250 kWh product.

Large-scale wind and solar farm investment commitments grew nearly 50% in 2022, according to new data published by the Clean Energy Regulator.

Tim Buckley, director of Climate Energy Finance, speaks to pv magazine as part of our Only5mins! series about the crisis threatening Adani Group with collapse, the “positive outlook” for Australian renewables, and the nation’s potential to become a clean energy superpower.

The budget signifies the government’s intent to drive domestic manufacturing of lithium battery cells as it waives customs duty on the import of machinery required for manufacturing these cells. It also continues with nil customs duty on critical inputs for solar manufacturing. The budget also aims to support large-scale battery storage projects through viability gap funding.

Solar and storage analyst Sunwiz is predicting an inversion of many of the trends that dominated the industry in 2022. While rooftop solar has bounced back after a disappointing year, Sunwiz founder Warwick Johnston tells pv magazine Australia, the utility segment’s position looks dire.

New Zealand government-owned Genesis Energy and renewables partner FRV Australia have purchased an advanced 52 MW agrivoltaic solar project on New Zealand’s South Island. If the project meets its 2024 operational target as anticipated, it will be the country’s first utility-scale solar farm.

Malaysian oil giant Petronas is reportedly set to buy the Australian renewable assets of German developer Wirsol. With roughly 750 MW of solar and storage projects and nearly double that in development, the deal could be worth between $900 million (USD 625 million) to $1 billion, according to Reuters.

A distribution agreement between Europe-based Enermech and Wolftank Group will see mobile hydrogen refuelling stations installed at remote mine sites and industrial sectors across Australia and New Zealand.