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Markets & Policy

Largest New South Wales long-duration storage tender to date awarded

Three companies have been awarded long-duration storage, long-term energy service agreements from the New South Wales Roadmap Tender 5, which at 1 GW / 13.7 GWh, is the largest to date.

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‘Solar module prices will soon go back to over $0.12/W’

The global solar module industry is expected to regain a sustainable balance in the next six months, Yana Hryshko, head of Solar Supply Chain Research for Wood Mackenzie, told pv magazine. She explains why solar module prices may increase soon, suggesting that Tier 1 modules prices could reach USD 0.14/W to USD 0.15/W ($0.22/W to $0.24/W) by the end of this year, and discusses how consolidation is materialising within the global PV industry.

BP slashes renewables investment, seeks new Lightsource BP partner

Oil and gas giant BP wants to sell its stake in Lightsource BP just four months after completing a full takeover of the renewables developer, as a part of a new “strategy reset” will also cut company’s investment in energy transition by $5 billion per year.

Hydro Tasmania virtual power plant kicks first of 39 community battery goals

Two federally funded community batteries with a combined capacity of 700 kW / 1,400 kWh have been installed at the Brisbane Lions’ clubhouse; the first in a rollout of 39 to be managed by Hydro Tasmania’s virtual power plant.

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New Zealand-made EV home chargers launch in Australia

New Zealand electric vehicle home charger manufacturer is introducing it’s 7.4 kW E2 product range to Australia, that both divert excess solar power from rootfop installations and provide up to 50 kilometres of charge per hour.

Solar installers’ preferred panels, inverters revealed

A new survey shows the majority of Australian solar installers are unconcerned what brand solar panels and battery energy storage systems they work with, but they have a clear preference when it comes to inverters.

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Fleet Space partners with US explorer in global hunt for hydrogen

South Australian satellite exploration startup Fleet Space has teamed with United States-headquartered hydrogen company Koloma to accelerate the discovery and development of natural hydrogen around the world.

Tesla hit with class action around phantom braking

Electric vehicle giant Tesla is being sued in Australia over claims it sold vehicles that are defective and don’t deliver on the company’s promises around autonomous driving capabilities and battery range.

NSW provides tick of approval for compressed air energy storage system

Broken Hill has moved another step closer to becoming one of the world’s largest renewable energy microgrids with the New South Wales government providing planning approval for an Australian-first compressed air energy storage facility to be built near the iconic mining town.

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Jolt secures $214 million to accelerate EV charger rollout

Australian electric vehicle charging provider Jolt has secured a $214 million loan agreement with the Canada Infrastructure Bank to install 1,500 kerbside EV chargers across urban centres in Canada. 

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