Markets & Policy

Chinese inverter and storage company Sungrow and Australian developer Green Gold Energy have signed an agreement to collaborate on “at least” 500 MWh of battery storage projects within the next three years – most to all of which will be DC-coupled. Relatively new to Australia’s grid-connected battery landscape, DC-coupled batteries will soon be able to trade on lucrative FCAS markets thanks to imminent rule changes, providing a firmer foothold for the technology in Australia.

Researchers from Switzerland’s École Polytechnique Fédérale de Lausanne have unveiled a new solar dish plant design, while Plug Power has delivered its first electrolyser system to Europe.

Australia is at risk of over-mining key transition minerals by relying on “overblown” demand assumptions, according to a new report which warns policy steps to encourage responsible and sustainable use of critical minerals, such as improved battery recycling, are being ignored.

Chinese solar and storage technology manufacturer Sungrow has strengthened its commitment in Australia, inking new distribution agreements that will deliver at least 550 MWh of the company’s energy storage system solutions and 250 MW of its inverters into the Australian market.

JinkoSolar, Long, JA Solar, and Trina Solar have all reported impressive growth figures for the first quarter of this year.

A new national authority to help plan and coordinate Australia’s transition from fossil fuel production and associated industries to a renewables dominated economy has been unveiled ahead of next week’s Federal Budget.

The Australian Energy Market Commission says the regulatory process for new transmission network projects must be overhauled to strengthen social licence and speed up the multi-billion-dollar expansion of the grid that is critical to the transition from coal to renewables.

The International Renewable Energy Agency has released new data on the cost of capital for solar PV, onshore and offshore wind in the period between 2020 and 2021. Results show that Australia has the second lowest cost of capital in the Asia Pacific region at 4.6%, beaten out by China at 3.9%.

Australia’s energy minister has revealed the upcoming Federal Budget will include support for a new revenue underwriting mechanism that is expected to unlock billions of dollars of renewable energy investment and “gigawatts of power” to support the ongoing decarbonisation of the grid.

The International Energy Agency expects Australia’s “outstanding” economic fundamentals for residential and commercial rooftop solar will see the sector stabilise in 2023 after a new report revealed the PV market contracted in 2022.