Markets & Policy

Rooftop solar drove two negative demand events in South Australia on Sunday, November 21, events which analysts are describing as a world-first for a gigawatt-scale power system.

International oil giant Shell is set to acquire Australian energy retailer Powershop after partnering with Sydney-headquartered investment manager Infrastructure Capital Group in a $729 million deal which will see the consortium purchase all of Meridian Energy’s Australian assets.

The owner of the 100 MW Merredin Solar Farm in Western Australia has confirmed it will look to accelerate its roll out of renewable energy projects in the Asia-Pacific region after raising more than $34 million in Series A financing.

The International Energy Agency predicts that India will record the world’s fastest growth in energy consumption from buildings through 2040. The energy demand could create a big market for solar installers and equipment providers, particularly in the commercial and industrial sector. While building codes now include provisions for renewable energy integration, effective implementation will be key to ensuring compliance, reports Uma Gupta.

While the adoption of large-format wafers has driven a wave of capacity expansion for PERC, existing manufacturers and new entrants continue to evaluate TOPCon and HJT. An increasing number of HJT pilot lines and gigawatt-scale capacity expansion projects are appearing, as manufacturers see the advantages of fewer process steps, higher efficiency ratings, and better yield rates. The localisation of equipment is also a driving factor. PV InfoLink’s Derek Zhao offers an update on the latest developments and process routes for HJT.

Kallis Energy Investments is proposing a whopping 6 GW renewable hydrogen project in South Australia, with founder Terry Kallis telling pv magazine Australia the project will not seek to connect its 3 GW of planned solar and wind assets to the already congested grid.

Brisbane-based startup Evos has unveiled its first electric vehicle charger, boasting simple installation and transportability as well as the company’s own energy management software. The charger will be available from next month.

Greek company Mytilineos has reached financial close on all three of its 40 MWp solar farms in New South Wales, marking an important milestone in the company’s strategic move into the Australian market.

After a controversial beginning, the Victorian Solar Homes Program recovered and is now setting new records. From the early days when solar installers were forced to protest due to the unintended effects of the policy’s first iteration, to today when more than 165,000 homes have solar as a result of the program, it is fair to say that Victoria is headed into a bright summer.

BloombergNEF says falling battery costs and “surging” renewables penetration make energy storage a “compelling flexible resource in many power systems.” Australia is among the predicted top markets.