As another rally brings the voice of solar installers before Victorian lawmakers, signs are beginning to show that the pressure may be having an impact on the Andrews’ state government. The government has indicated that it may look to make changes to the plan – but whether that’s a result of installer pressure or public frustration is yet to be seen.
The research firm says the value of the global inverter market will continue to decline until 2024, even though shipments will likely increase. China’s recent policy changes have increased pressure on prices, which will contribute to greater consolidation in the sector.
Pestech, a Malaysia-based electrical power technology company, has entered into a partnership with Chinese inverter maker Sungrow to jointly develop new floating solar solutions.
Chinese PV module maker Risen Energy has announced it has achieved the highest jump in solar module sales in the Australian market in a one-year period.
Energy analysts from the United Kingdom have found that many of the world’s largest car manufacturers launching EVs, or looking to launch EVs, are engaged in an “unprecedented” level of collaboration in order to share the costs and risks inherent in EV development. Cornwall Insight found that the collaboration could see a major boom in supply from the early 2020s.
French renewables developer Neoen has won development approval from the South Australian government for a major renewable energy project, comprising 125 MW of wind generation, 150 MW of solar PV generation and 130MW/400MWh of lithium-ion battery storage. The project could also integrate up to 50 MW of on-site hydrogen production capability.
The grant recipients for the fourth phase of the Next Generation Energy Storage program have been announced. Launched in 2016, the $25 million program is supporting the roll out of up to 36 MW of smart battery storage.
The Israeli inverter manufacturer saw its net profit decline 4% year-on-year to $33.1 million in the second quarter, despite shipping 1.3 GW and seeing a 43% increase in turnover. Gross margins were affected by the increase in U.S. tariffs on China made products.
In addition to joining the host of councils around Australia to declare a climate change emergency and set targets for a 100% renewable future, Victoria’s Indigo Shire Council voted early this week to achieve that goal by taking part in a collaborative Victorian Local Government PPA.
Energy companies are pushing back against a proposal to allow large energy consumers to enter the wholesale electricity market, as industry bodies point to the many benefits of the wholesale demand response program.
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