Markets & Policy

Australia’s record-breaking embrace of residential and commercial solar PV continues to reduce grid demand in the nation’s electricity systems and has delivered a “world first” for South Australia with solar power matching 100% of the state’s underlying demand for the first time on record.

Korea Zinc Company Ltd., parent company of Townsville-based Sun Metals, has entered into a $17 million financing agreement with the 1,100km CopperString 2.0 transmission line project across North Queensland. The project, which received an $11 million boost from the Federal Government recently, would open up enormous tracts of land for the development of renewable projects and minerals.

Australian technology company Star Scientific has signed a Memorandum of Understanding with the Philippines’ Department of Energy in order to trace out the use of its game-changing HERO technology. The partnership could see Star Scientific transform every coal-fired power plant in the nation to green hydrogen while also utilising the technology to, among other things, provide clean, quick, desalinated water.

A new report from the Institute for Essential Services Reform (IESR) shows that PV has not been growing significantly in Indonesia in recent years, despite the size of the energy market and economy. According to its authors, however, there are multiple paths that can be followed to bring volumes into all market segments. Large scale solar is expected to play a major role in the years to come, as the LCOE for big floating projects is approaching levels close to those of more mature markets.

Australia’s most powerful business lobby has thrown its support behind independent MP Zali Steggall’s proposed climate change legislation, saying it provides a high-level policy framework that can serve as a starting point to achieving net-zero emissions by 2050 in Australia.

Of the myriad tensions upon the energy transition to renewables it is perhaps the ability of solar and energy storage to be distributed among the people that has threatened the powers that be most overtly. And so, in NSW’s northwest where the federal government has pushed through Santos’s Narrabri coal seam gas project, perhaps it is community green energy non-profit Geni.Energy that is best able to show just how unnecessary such a project is.

The Italian inverter maker said the two devices were designed to deal with increasing PV module currents. The inverters have a power output ranging from 10 to 33 kW and are claimed to reach an input voltage of 1100 V (DC).

UK-based Social Energy launched in Australia with the help of shareholder Shane Warne back in 2019. Now the smart energy firm is being backed with a significant investment from US-based alternative investment fund manager CarVal Investors in order for the company to rapidly grow Down Under.

In what is believed to be a Victorian first, CitiPower and Yarra Energy Foundation will parter to create a community battery network in the Melbourne CBD and inner-city suburbs.

In November last year, Cornwall Insight Australia estimated Australia had 7 GW of battery storage projects in the pipeline. Since then, massive amounts of storage capacity have been added.