Markets & Policy

Singapore’s trillion-dollar sovereign wealth fund GIC has made a “strategic” investment in renewables developer InterContinental Energy, one of the major players behind mega solar and wind-powered green hydrogen projects planned for Western Australia’s Pilbara and southeast regions.

Hydrogen vehicle and fuel cell startup H2X has partnered with Indian automotive parts manufacturer and developer Advik Hi-Tech in a deal which will see the Australian company’s products delivered into India and the wider international market.

Gold developer Calidus Resources has become the latest miner to decarbonise its Western Australian operations by installing a 19 MW hybrid solar PV-gas power system which in future could be up to a quarter fuelled by hydrogen.

The debate around what’s become known as Australia’s “solar tax” has rounded a new corner, with the Australian Energy Regulator publishing its draft guidelines for solar export tariffs.

Prospective hydrogen projects in the Northern Territory are taking new shape with Monday’s news that FRV Australia, partially owned by now Saudi company Fotowatio Renewable Ventures, had signed an agreement with Australia’s Hexagon Energy. It seems the two companies are considering connecting the hydrogen projects they’ve been separately exploring near Darwin, though it’s worth noting Hexagon is hoping to export blue (fossil) hydrogen.

SunWiz analysis has found the most popular brands of solar panel and inverters in the Australian market, as well as how their popularity shifted throughout the quarters. In total, 5.2 GW of solar was installed in Australia in 2021, putting the country’s cumulative tally at 26.9 GW.

Western Australian vanadium explorer Technology Metals Australia and Japanese vanadium redox flow battery producer LE System have decided to tighten their relationship with an expanded Memorandum of Understanding that could see the construction of Australia’s first fully integrated vanadium electrolyte plant proximate to renewable energy hubs and major Australian population centres.

Fortescue Future Industries has acquired Williams Advanced Engineering for $310 million as it looks to capitalise on its critical battery technology to cut emissions from its mining vehicles. An offshoot of the Williams Formula 1 Team, Williams Advanced Engineering has already helped to develop an electric mining haul truck for Fortescue in 2021.

According to Asia Europe Clean Energy (Solar) Advisory (AECEA), this huge capacity may not be met by actual demand in the global market. Furthermore, the consultancy reveals that solar module prices should reach a price level of up to RMB 1.75 (US$028)/W by the second half of the year, and that in 2021 new PV additions totalled 53 GW with more than half of this capacity being delivered by distributed generation.

Anglo-Australian mining giant Rio Tinto’s ambition to become one of the world’s largest lithium suppliers has taken a battering with the Serbian government pulling the plug on the company’s $3.3 billion ($US2.4 billion) Jadar lithium-borates project.