Markets & Policy

Western Australia’s state-owned electricity company Horizon Power has installed 19 solar + battery standalone power systems for farmers in Esperance on the state’s southern coast.

The Australian Renewable Energy Agency has announced $40 million in research and development funding is up for grabs across two streams. Stream 1 consists of cells and modules, and Stream 2 is focused on balance of system along with operations and maintenance. It is hoped the additional funding will spur Australia’s pioneering solar research to push for the federal government’s “ultra low-cost solar” target of $15/MWh.

Korea Zinc, non-ferrous metal smelting company, has agreed to invest $50 million in Energy Vault, a Switzerland-based gravity storage specialist, in order to use its tech to decarbonise its refining and smelting operations in Australia.

Deployment in the building integrated PV segment is accelerating, and so too are the number of solar products available to architects and developers. And while BIPV had long been the segment in which an array of thin-film technologies could shine, they are now in increasingly stiff competition with crystalline silicon rivals.

The Indian Ocean island nation, which has been a prominent voice in the global calls to combat rising sea levels, will get technical assistance from the Asian Development Bank to draw up a tender for 20-30MW of photovoltaic generation capacity.

Reliance Industries said its solar unit will buy UK-based sodium-ion battery technology provider Faradion for GBP100 million (AUD$187 million) including debt, as the Indian conglomerate pushes forward with its ambitious plan to move into the renewable energy industry.

French renewable developer IPP Neoen announced the completion of its Bulgana wind-plus-storage project in the Australian state of Victoria. Having now installed more than 650MW of large-scale solar, wind, and battery storage in the state, the developer has pointed to its “well balanced” renewable portfolio in Victoria including an additional 2GW of projects in the pipeline.

The Australian Renewable Energy Agency has announced a $100 million competitive funding round for grid scale batteries. While battery technology agnostic, the projects must be equipped with advanced inverter technology.

Following approval from the Foreign Investment Review Board in November, the long-awaited sale of grid-operator Spark Infrastructure to a North American consortium led by private equity giant Kohlberg Kravis Roberts has been completed via a $5.2 billion “all-cash transaction”.

Netherlands-based renewables developer Photon Energy has reaffirmed its commitment to Australian tech company RayGen Resources’ innovative ‘solar-hydro’ technology, offloading its majority stake in the 160 MWdc Maryvale Solar Farm so it can focus its future development activities in Australia on large-scale projects featuring the solar-plus-storage technology.