Markets & Policy

Longi Solar has secured about 1 GW of new PV module supply orders in Bangladesh.

Australia’s energy crisis affords it an intricate, if painful, look at exactly where and how our current electricity regulations no longer fit their purpose. According to analyst Gavin Dufty, now is the time to retrain our eyes on the prize: designing a new framework suitable for the future decentralised system. “But everybody needs to put their guns back in their holsters,” Dufty tells pv magazine Australia.

The Federal Energy Minister insists the Australian Energy Market Operator’s market intervention demonstrates that it is “more important than ever to manage the transition and get more energy into the system and more storage and transmission”.

The Tasmanian government is calling for registrations of interest from developers of new large-scale renewable generators and energy storage projects, and existing and proposed energy intensive load projects to participate in shaping the state’s first renewable energy zone.

Australian solar thermal specialist Vast Solar has partnered with storage development company 1414 Degrees to revive the long-awaited Aurora Solar Energy Project – which is to comprise a combination of solar thermal, PV, and battery energy storage technologies – at Port Augusta in South Australia.

The Australian Energy Market Operator (AEMO) this afternoon suspended the electricity wholesale spot market in all five of the participating National Electricity Market states, saying it has become “impossible” to operate.

Sydney-based solar company Solaray Energy says its inquiries have doubled since the federal election, rebounding back to the record demand seen in 2020 ad 2021. Moreover, the company’s director and co-founder Jonathan Fisk says interest in batteries is “making solar fly,” with half of the potential new customers looking to add storage.

The Queensland government this morning confirmed it will not be changing solar feed in tariffs after Murdoch newspapers claimed a ‘sun tax’ was looming for the state. Meanwhile, New South Wales recommended upping feed in rates for solar households.

Oil and gas giant BP will take a 40.5% stake in the 26 GW Asian Renewable Energy Hub megaproject proposed for Western Australia’s north coast.

Western Australia is set to exit coal-fired power by the end of the decade as state-owned power provider Synergy will close its two remaining coal plants by 2029 in response. Western Australia Premier Mark McGowan said coal was no longer viable due to the high-penetration of solar, particularly rooftop. McGowan also announced a $662 million boost for the coal-town of Collie’s industrial transition and $3.8 billion in statewide renewable investment, with a focus on energy storage.