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A new study from the Lappeenranta University of Technology predicts solar may even achieve a 69% share for total primary energy supply by the end of the first half of the century. In terms of price, solar PV is expected to achieve a capex of €246/kW-installed (AU$385/kW-installed) for utility scale projects, and of €537/kW (AU$840/kW) for residential arrays by 2050. The levelised cost of energy (LCOE), however, is expected to remain constant over the next three decades, as the energy transition will also be implemented with storage technologies, increased flexibility and the production of synthetic fuels.

Annual battery storage installations will exceed 10 GW/28 GWh in 2021, following a particularly strong year in 2020, despite the challenges created by the global pandemic, writes IHS Markit analyst Mike Longson. Combined solar and storage will be a core focus for new deployment in 2021, as the front-of-the-meter and behind-the-meter energy storage markets are both expected to grow significantly in the months ahead.

U.S. company Group 14 Technologies has announced it will launch factory capable of producing 120 tons per year of its innovative silicon-carbon-based anode material for lithium-ion batteries. The factory is located at Group 14’s headquarters in Washington and is the first of several planned by the company.

Greater dispatchability will be required from solar as it becomes increasingly mainstream worldwide, or investors could experience diminishing returns as a victim of the technology’s success at bearing down on electricity prices.

In a strange synchronicity, two of Australia’s major aspiring vanadium producers have today come out with announcements. TNG Limited has solidified a deal to commercialise vanadium redox flow batteries using output from its Mount Peake project, while competitor Australian Vanadium has filed a patent application for its vanadium processing route.

Gold mining company Wiluna Mining Corp has started its move to renewables, installing a 2 MW battery to replace diesel generators with plans to integrate solar, wind or pumped storage options in the coming years.

Energy giant AGL has signed a memorandum of understanding with Finnish technology company Wärtsilä, to develop large-scale hybrid energy systems for AGL’s commercial and industrial customers.

India had installed 6.8 GW of cumulative rooftop PV capacity by the end of 2020, with consumer-owned systems accounting for about 72% of the total, according to Bridge to India.

Chinese module manufacturer Jolywood is preparing to invest in a joint venture with state-controlled local partner PT Len Agra Energy to set up 1 GW of annual cell and panel capacity.

Pandemic uncertainties have concentrated key solar players and “heightened competition for ‘survival of the fittest'”, says JinkoSolar Chairman and CEO Xiande Li. The company’s latest figures show it is well placed in Australia and in the global arena.