BESS are becoming more attractive
As battery energy storage system costs plunge, energy price volatility is shortening payback times for storage solutions. This shift, driven by a surge in intermittently generating renewables, and ongoing innovations in battery manufacturing, marks a pivotal moment for energy markets worldwide.
Future multi-billion dollar transmission upgrades to boost Queenslands grid-scale solar
An Oxford Economics Australia report has found electricity construction activity has been at a record high of $19.2 billion over FY24, and with an expected investment of $5 billion a year to FY30, the way forward for large solar projects is clear, especially for Queensland.
$500,000 ANU battery research win on back of Eku Energy’s big BESS build
London-headquartered Eku Energy has committed $500,000 to the Australian National University’s battery storage and grid integration program as construction begins on the Williamsdale big battery in the Australian Capital Territory.
World’s largest 3.5 GW Terra solar project breaks ground in the Philippines
Phillippines renewable energy companies have broken ground on the 3.5 GW Terra Solar and 4.5 GWh battery storage project, tipped to be the world’s largest integrated solar and battery facility.
Energy transition named priority area in new Future Fund’s investment mandate
The energy transition has been named a priority area for investment, specificially with Melbourne-based developer Tilt Renewables, in a new investment mandate in Australia’s sovereign Future Fund.
Allume Energy wins manufacturing grant for Australian-made SolShare technology
Victoria-headquartered developer of SolShare, Allume Energy has received $3.8 million in funding through an Australian government industry growth program to help scale the manufacturing of its technology in Melbourne.
Wood Mackenzie forecasts 77 GW of floating solar by 2033
Wood Mackenzie predicts that the global floating solar market will be dominated by the Asia-Pacific (APAC) region and led by India, China and Indonesia through to 2033. The consultancy says growth will be driven by rising demand, decreased capital expenditure and supportive policies.
3.4 TW of solar and wind can support $700 billion clean energy exports opportunity
Victoria-headquartered not-for-profit think tank, the Superpower Institute, has found Australia’s total potential revenue from clean energy exports is about $700 billion at today’s levels of industry output – or $1 trillion at forecast 2060 levels of output.
Call for federal battery storage rebate scheme targets a million installs by 2030
A national battery rebate scheme, with a target of a million household and business installations by 2030, has been proposed to the Australian government on the back of a community-based Solar Citizens petition.
China export tax rebate cut tipped to send PV prices up
China has reduced the export tax rebate for solar products, lowering refunded taxes for Chinese PV exporters and eating into their profit margins. The move might force some companies to increase export prices to mitigate potential financial losses.
