Markets & Policy

Analyst Wood Mackenzie has predicted soaring demand for electric vehicle devices will ensure supply will not keep pace with demand until some point in 2023.

The first Model Y electric cars have rolled off the assembly line at the US electric car manufacturer’s first European factory.

The extensive power outages experienced in Western Australia last Christmas were a result of extreme weather rather than human failure, an independent review has found. The report’s author, AEMC’s Michelle Shepherd, notes such instances will likely become increasingly frequent with climate change.

Following the early success of its solar integrated Gannawarra Energy Storage System, Edify Energy has again opted for Tesla Megapack as its preferred battery energy storage system for its combination of storage projects totalling 150MW/300MWh in the Riverina region of New South Wales.

New Zealand’s federal government has opened the final funding round in its NZ$14 million (AU$13 million) Māori Housing Renewable Energy Fund, open to small and larger-scale projects.

Sydney’s Bay Port will soon be offering 100% renewably sourced power to docked ships, a world first for a dry-bulk precinct and the first in the Southern Hemisphere for a cruise terminal.

Given the goings-on in the world this last quarter, Mike Jefferies, Investment Manager at Octopus Investments Australia, takes a look at the current macroeconomic environment, how this is tied to energy markets, the impacts Russia’s invasion of Ukraine has had on that energy market, what this could mean for Australia and how renewables could help address these issues.

With residents across New South Wales and southeast Queensland still cleaning up after the devastating floods that ripped through their communities earlier this month, solar industry advocacy group Safer Solar has issued a call for Australia to mandate rapid shutdown technology on solar PV systems.

The international development entity has already invested $1 billion in local, off-grid electricity networks over the last decade – and attracted a further $1.1 billion in matched funding – and wants to set up mini-grids to supply electricity to 490 million people by 2030.

Indonesia has set itself some ambitious goals for PV manufacturing, backed by domestic content requirements and other incentives. But local demand is limited, and the nation faces stiff competition from China and other countries on the export market. While real obstacles remain, a restructuring of state-owned electricity company PLN and local raw material riches mean the potential is growing.