Markets & Policy

Spanish-Japanese renewable energy company Univergy Solar and local partner New Energy Developments are set to begin construction on the 120 MW Wallaroo Solar Farm on the NSW/ACT border by the end of 2021. The agrivoltaic installation will operate symbiotically as a generator of clean energy, grazing land, and a thriving habitat for native vegetation and pollinators.

WePower has delivered its blockchain-enabled Elemental technology to Mojo Power for the establishment of the Mojo Marketplace, an online shopping setup whereby businesses and industry can shop for locally sourced renewable energy retail contracts.

Green Investment Group, owned by Macquarie, has launched Cero Generation, which will operate on a European scale and carry out both ground-mounted and commercial scale power generation projects. It will also provide integrated energy storage solutions.

Australian battery casing company, Vaulta, has signed a memorandum of understanding with Quickstep, an Australian aerospace composites manufacturer, to develop smarter technology for renewables. The partnership will likely explore integrating battery casing technology that reduces the number of parts needed to house the batteries in electric vehicles.

Western Australia’s government-owned utility Horizon Power and electrical engineering company Ampcontrol have today announced their joint venture Boundary Power, supercharging the state’s standalone power system rollout and broader industry. To mark the occasion, Boundary Power has also unveiled its new, modular SPS Gen 2 and announced a $10 million deployment of another 45 off-grid systems across the state.

Canadian behemoth Atco has purchased the rights to develop the 325 MW Central West Pumped Storage Hydro Project in Central West New South Wales and credits the investment to policy certainty from the NSW Government. As a significant firming agent the project is ideally placed in the state’s proposed Central West-Orana Renewable Energy Zone

Chinese big-gun Trina Solar has announced that its Vertex S will hit the Australian market in April. Trina hopes the installer-friendly smaller, lighter, and denser Vertex S for residential and SME consumers will capture a significant potion of the booming Australian solar market.

In an earnings call this week, Tesla CEO Elon Musk boldly claimed that the company will soon be “the market leader in solar.”

The NEM 3.0 program will run until the end of 2023 and will see the participation of residential, commercial and industrial prosumers as well as public entities and government ministries.

The Japanese brand will continue to sell third-party-made modules under its brand in its home market, as it already does overseas, but in-house PV wafer, cell and module production will halt by the end of fiscal year 2022.