Markets & Policy

Experts from the Australian National University have published a technical paper in which they argue a doubling of the rate of deployment of solar and wind would cut Australia’s carbon emissions 80% by 2040.

Renewable electricity will be linked to 90% of the actions needed to remove carbon emissions in 2050, according to the International Renewable Energy Agency, and the biggest volume of generation capacity will be provided by solar.

Here are the brand-new stats and forecasts from the Solar Energy Industries Association and Wood Mackenzie.

Earlier this month, London-based Eco Energy World announced a $500 million project to combine its ready to build 300 MW solar plant north of Gladstone, Queensland, with a 200 MW hydrogen plant and 100 MW of battery energy storage. pv magazine Australia sat down with EEW CEO Svante Kumlin to discuss the project, the green hydrogen future, and Australia’s future in it.

Rooftops will have to supply a third of the 524 GW of solar generation capacity needed by 2045 to reach a zero-carbon economy by mid century, according to an academic paper. The researchers also suggested green hydrogen should not play a central role in the nation’s energy transition.

Through the fourth tender of the LSS program for large scale PV, the Malaysian authorities have pre-selected 30 solar projects with a combined capacity of 823 MW. The lowest bid came in at MYR0.1768/kWh ($0.0429) and the highest at MYR0.2481/kWh.

A West Australian vanadium explorer, Technology Metals, has signed an agreement with a prominent Japanese company to explore the possibility of manufacturing vanadium electrolyte in Australia – a key component of the increasingly popular vanadium redox flow batteries.

Iron ore giant Fortescue Metals Group has brought forward its net zero emissions target a decade to 2030 by advancing a raft of green hydrogen and ammonia projects. The mining company believes it’s green energy ambitions will demonstrate how the two “missing links” in the battle against climate change can decarbonise supply chains.

Redflow has signed its biggest global battery deal yet after agreeing to supply Californian biowaste tech firm Anaergia with a 2 MWh energy storage system. Redflow is hoping the US$1.2 million agreement for 192 of its zinc-bromine flow batteries will serve as a foundation for US market expansion.

The Australian Renewable Energy Agency is helping to fund a trial by Distributed Energy Resources firm UPowr which will monitor solar customers interested in incorporating a home battery system. The aim of the project is to better incorporate customer experience insights into the design of DER products.