News

Deutsche Bank has revealed that China’s green finance market surpassed CNY 20 trillion (AU$4.07 billion) in value in the first half of 2022. Haitai Solar has listed shares in Beijing, while Shangji has revealed plans for a new polysilicon project in Inner Mongolia.

Australian-born vanadium redox flow technology and new homegrown electrolyte sources are set to bulk up renewable energy storage options in the Pacific region and plug the gap left by lithium supply-chain issues. Natalie Filatoff reports from Sydney.

Local government associations continue to drive Australia’s shift towards renewable energy with councils around the country unveiling a series of clean energy projects, ranging from solar PV and storage installs, to solar panel recycling initiatives and long-term power purchase agreements.

Western Australia’s electric vehicle fast-charging network has reached an important milestone with the state government awarding Melbourne-based company Jet Charge a $4.1 million contract to create what will be the world’s longest continuously connected electric highway.

Australian clean energy developer Renewable Energy Partners will investigate opportunities to incorporate solar PV and a big battery as part of its plan to develop a 600 MW wind farm in the Western Downs region of Queensland.

An international group of researchers from 15 universities has said that there is growing consensus among scientists that an energy system based on 100% renewables could be achieved cost effectively by 2050.

SMA’s Home Solutions segment was particularly badly hit as the PV inverter manufacturer struggled to meet the demand due to the shortage of materials. The sales and results in the first half of 2022 were therefore significantly worse than in 2021. The company now wants to take “a series of measures to improve its long-term ability to deliver.”

The Australian government’s green bank has inked a landmark agreement with the Queensland government to develop critical transmission and grid infrastructure to connect more than 1.5 GW of renewable energy assets to the National Electricity Market.

The Australian Energy Regulator has launched a “one-stop” online shop which aims to reduce regulatory hurdles and assist energy businesses and start-ups seeking to bring new technology and innovation to the market.

New analysis this week found strong fuel efficiency standards would have saved Australia $5.9 billion in fuel costs and emissions equal to a year’s worth of domestic flights if the policy was adopted in 2015.