IRENA says $851 billion invested in solar technologies in 2024
The International Renewable Energy Agency says solar is the only renewable energy technology where current investment levels are approaching the annual average needed through to 2030 to align with its 1.5 C pathway.
Sinovoltaics updates solar module manufacturer financial stability ranking
The quality assurance provider reported India-based Insolation Energy, Waaree Renewable Technologies, and Solex Energy retained the top three positions in its Altmann-Z score-based quarterly ranking. Its analysts noted the number of companies with healthier scores increased from nine to 11.
People on the move: AER, AEC, Arup and more
Job moves in Australia’s solar, storage, clean tech, utilities and energy transition finance sectors.
Li-S Energy gets funding boost to advance battery manufacturing facility
Battery technology developer Li-S Energy has secured almost $8 million in federal government funding to advance planning for a large-scale lithium-sulfur battery cell manufacturing facility in Australia.
Arctech strengthens presence in Australian market
With a new Sydney office and partnership announcements, the manufacturer aims to cultivate products and talent for the entire renewable energy industry in the country.
GoodWe releases new residential all-in-one storage solution
The Chinese company says that its new ESA series is available with a hybrid inverter ranging from 3 kW to 10 kW and storage capacities of 5 kWh to 48 kWh. The IP66-rated product supports an MPPT current of up to 20 A on the PV side and allows 200% PV oversizing, according to the manufacturer.
SunCable strikes deal with traditional owners to build NT solar farm
SunCable has struck a multi-million-dollar deal with traditional owners that will enable it to develop the biggest solar farm in Australia on a cattle station in the Northern Territory.
How Pacific nations plan to go from spending up to 25% of GDP on fossil fuels to running on 100% renewables
Picture dusk falling somewhere in the Solomon Islands. A fisher’s skiff glides home using a whisper-quiet electric outboard motor. In the Cook Islands, a big battery steadies the island grid. In Papua New Guinea’s highlands, solar kits bring electric light to homes for the first time.
Aggregate projects given the nod in Capacity Investment Scheme Tender 8
A market brief for the Capacity Investment Scheme Tender 8 has been released seeking 4 GW of four-hour equivalent clean dispatchable capacity projects in the National Electricity Market, and for the first time invites aggregrate projects to apply.
NSW energy distributors de-risk transition with new, unified system plan
Three New South Wales energy distributors have collaborated on the state’s first distribution system plan, which they say can sustain five years of energy transition momentum, while waiting for critical transmission infrastructure to be built.
