Markets & Policy

Canadian investment giant Brookfield will acquire the remaining 50% stake in Spain-based renewables developer X-Elio from its joint venture partner, investment firm KKR. X-Elio has more than 500 MW of projects in development in Australia and the move from Brookfield, which is also currently looking to takeover Origin Energy, a major Australian “gentailer,” extends the ambitious company’s hold in Australia.

The Australian energy grid is on the cusp of a big bang moment. The combination of market factors and situations we’re currently seeing will lead to a thrust of innovation. Renewable energy and smart devices are here to push forward the way we consume energy and drive a change for the better of our energy bills and for the environment.

PV Expo and the wider Smart Energy Week wrapped up in Tokyo last week. It revealed ambitious plans for solar and energy storage installations in Japan, including creative approaches to dealing with a severe lack of space for new installations, which should bring plenty of opportunities for domestic and international players.

India’s Ministry of New & Renewable Energy has exempted solar projects from domestic content requirements if they are commissioned by March 31, 2024. The move provides developers with the flexibility to source modules at more cost-competitive rates, according to Indian ratings agency ICRA.

Queensland is continuing its rollout of publicly-owned batteries, announcing the town of Emerald in its Central Highlands Region will soon host a 4 MW / 8 MWh battery. While the announcement doesn’t make reference to buzz term ‘community batteries,’ it seems the state is effectively rolling out a storage fleet to deliver on the promises of the concept.

New investment in solar and wind hit a record 7.1 GW in Australia in 2022, with the Clean Energy Regulator reporting a 50% increase in large-scale projects reaching final investment decision compared to 2021. In total, 5.3 GW of new renewable energy capacity was added to the grid in 2022, according to the Regulator’s State of Renewables report.

German startup 1Komma5 has started production on its own solar modules, which are expected to hit Australian shores “imminently,” Chris Williams, CEO of its APAC arm, told pv magazine Australia. The company has just signed a polysilicon contract with fellow German company Wacker, a step towards addressing issues around unethical labour and embedded emissions in solar’s supply chain.

Australian battery technology startup Relectrify has been given the tick of approval by the International Electrotechnical Commission for its ReVolve energy storage product, opening the way for the company to scale up the global rollout of its cell-level control technology.

Dan French, executive producer of the Solar Farm Summit, told pv magazine USA that more than 500 farmers, manufacturers, and community solar developers likely attended the first US agrivoltaics conference in Chicago last week.

Chinese module manufacturer DAS Solar has marked its entry into the Australian market with the release of an all-black n-type bifacial solar panel featuring an output of 410 W to 430 W and efficiencies of up to 22%.