Markets & Policy

The Australian Energy Regulator has begun consultations to allow distributor-led standalone power systems (SAPS) to become part of the national electricity system. Proving highly successful in Western Australia, these SAPS could soon be properly rolled out in the east.

It’s been just over 24 hours since Anthony Albanese was sworn in as the new prime minister of Australia and already his government is coming under heat for its longstanding refusal to block the 114 coal and gas projects under development in Australia, especially the recently approved Scarborough and Beetaloo projects. With a number of seats still in doubt, Labor may need to up its ambition with the ‘Greenslide’ election on Saturday leaving little doubt about Australian’s desire for climate action.

Chinese inverter brand Sungrow has signed a 79 MW inverter and 176 MWh battery energy storage contract with Sydney-based hydrogen battery company Lavo. The contract will see Sungrow add its storage solution to 16 mid-scale solar farms in Victoria.

In other news, Zhonghuan Semiconductor announced it will begin selling 210 mm n-type wafers and the local government in Zhejiang Province said it wants to deploy another 12.4 GW of new PV by 2024.

Incoming Australian prime minister Anthony Albanese has promised to make the nation a “renewable energy superpower” in the wake of Labor’s federal election victory at the weekend.

Australia remains among the solar capitals of the world with a new report from the International Energy Agency revealing the country leads the way in PV penetration and ranks No.1 in the world for installed solar PV per capita with 990W per person.

Australian miner IGO is claiming an Australian first in its joint venture with China’s Tianqi Lithium after producing battery grade lithium hydroxide, a key component in rechargeable battery technology, at its Kwinana refinery in Western Australia.

A new solar power plant will be developed on 2,800 hectares of land near a temple in the Indian state of Madhya Pradesh. It is expected to be operational within a year.

The president of the European Commission, Ursula von der Leyen, has announced a mandate for rooftop solar on commercial and public buildings by 2027, and for residential buildings by 2029. The EU target for renewable energy has been increased from 40% to 45%.

Australian energy major AGL’s plan to split the company in two are in jeopardy with software billionaire and climate activist Mike Cannon-Brookes’ Grok Ventures cementing a more than 11% stake in the power producer in a bid to stop the demerger.