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Markets & Policy

Horizon taps Pacific to power Exmouth with 80% renewables

Remote power supplier Pacific Energy has signed a multi-year agreement with West Australian regional energy provider Horizon Power to supply the popular tourist town of Exmouth with up to 80% renewable energy every year for the next 20 years.

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South Korea’s biggest battery comes online

Korean utility KEPCO has completed a 978 MW battery project that is billed as Asia’s largest battery energy storage system for grid stabilisation purposes.

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Historic coal mining city makes switch to 100% renewables

The historic Queensland coal mining city of Ipswich has made the shift to renewables with state-owned owned energy company CleanCo striking a deal to power the local council’s infrastructure with 100% renewable energy.

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Global average solar LCOE stood at $0.064/kWh in 2023, says IRENA

The weighted average levelised cost of electricity of utility-scale solar PV in Australia was 22% lower than the global average according to a new report published by the International Renewable Energy Agency.

UK developer seeks EPBC approval for 2.5 GWh Victorian battery

Plans to develop a 2.5 GWh battery energy storage system in Victoria’s southwest have joined the queue for assessment under the federal government’s Environment Protection and Biodiversity Conservation Act.

Soltec enters pre-insolvency as Spanish regulator halts trading of shares

Spanish PV company Soltec has entered pre-insolvency proceedings to negotiate with creditors, and Spain’s National Securities Market Commission has suspended trading of its shares until it releases its first-half 2024 financial results.

The shifting sands of PV module supply

Chinese solar manufacturing capacity faces a downturn that is unlikely to translate into growth in other regions, writes S&P’s Edurne Zoco.

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Electric mine-site graders to be powered by Fortescue Zero battery system

Canadian-headquartered underground heavy vehicle manufacturer MacLean, will deliver 30 electric powered graders to Australian resources giant Fortescue’s Western Australian mining operations toward a shared goal of Real Zero emissions by 2040.

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Heavy vehicle energy transfer system to trial at BHP Australian mine sites

Australian mining giant BHP will begin trials at their mine sites of a dynamic energy transfer system on battery electric and diesel electric mining trucks, which can also charge an electric haul truck’s batteries while the machine is on the move.

Prefabricated housing trials ClearVue’s building integrated photovoltaics

Perth-headquartered smart building materials company ClearVue Technologies is providing a combination of its building integrated photovoltaic technology and solar cladding panels in a prefabricated house trial trial.

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