Markets & Policy

The German energy storage provider has begun assembling batteries at the former Holden site at Elizabeth in Adelaide’s north. The company has already hired 50 full-time employees.

With the Coalition in Victoria punished by voters and the Federal Government slipping further into minority, the muddled energy policy agenda of the conservative Liberal and National parties is starting to receive an electoral backlash. Long-reported public support for renewables can no longer be ignored.

Australian mining company Resolute Mining has inked a JDA and PPA with Ignite Energy, to construct what it says is the world’s largest off-grid solar hybrid plant, at one of its gold mines in Mali.

The Chinese manufacturer saw its shipments increase 24.4% year-on-year, to around 3 GW of modules in the latest quarter, with overseas shipped products accounting for approximately 80% of sales. The outlook for full fiscal 2018 was maintained almost unchanged, while new positive changes from policy side in China are confirmed.

The South Australian state government has launched a $50 million fund to support construction of new energy storage projects, seeking to address intermittency in the state electricity system and make electricity more affordable and reliable. There will be one round of applications, with a closing date of Thursday, 7 February 2019.

Iron ore giant Fortescue Metals Group will invest $20 million into hydrogen research at Australian national science agency CSIRO’s Brisbane laboratories. The partnership aims to develop new technologies, create jobs, and capitalise on the economic opportunities associated with hydrogen.

After it entered the second trading halt in a matter of months a week ago, Perth-based engineering company RCR Tomlinson has failed to secure additional funding and went into administration. Earlier this year, the company managed to raise $100 million in capital from its shareholders, after which it took huge write-downs on two Queensland solar farm.

The French government has devised three possible scenarios for the planned phasing out of part of its nuclear power generation assets. Even under the most optimistic scenario, the target to reduce the share of nuclear power from around 75% to 50% by 2025, which had been set by the previous government, will only be reached in 2035. The most pessimistic scenario envisages the construction of four new nuclear reactors by 2040.

Federal Labor leader Bill Shorten unveiled the party’s ‘all of the above’ plan for Australia’s energy sector, which it will take to the 2019 election. A ramped-up NEG, project auctions under a CfD structure, grid infrastructure investment, energy efficiency and a boost to battery storage all feature and were welcomed by the clean energy sector.

Solar and/or wind are said to be the cheapest source of new energy generation in all major economies, apart from Japan, finds BloombergNEF. It adds that China’s utility-scale PV market has contracted by over a third this year; and that battery costs are set to drop a further 66% by 2030, driven by EV adoption.