BNEF: Australia among leaders in $1.7 trillion energy storage market
Bloomberg New Energy Finance has significantly increased its forecast for global deployment of behind-the-meter and grid-scale batteries from now to 2040. The research company sees Australia among nine markets that will be driving this trend, as the economic case for batteries becomes unstoppable.
SMA supplies Myanmar’s largest PV project, 20 MW Chinese floating array
German inverter supplier SMA has picked up two landmark projects in the APAC region. The 50 MW Minbu Solar Park in Myanmar, the largest solar array in the country, will deploy SMA’s Sunny Central platform, while string inverters from SMA’s Chinese subsidiary Zeversolar have been installed at a 20 MW floating project in Jiangsu.
Canadian Solar privatization plans on ice
Last December, the company’s CEO made a proposed transaction offer to acquire Canadian Solar. Mulling the offer, a special committee has now advised the company’s board to cease its review of the proposal, highlighting that it could not find sufficient certainty in the CEO’s ability to secure the funding for the transaction. Following the news today the CEO has withdrawn his offer.
Solar farm approved at Vales Point coal-fired power station
The NSW Department of Planning has given the green light the 55 MW Vales Point solar project, one of the first large scale solar power plant in Australia to operate in conjunction with a coal-fired power station.
Bungala Solar Farm goes fully online as Australia’s biggest solar project to date
After being commissioned in stages, the Bungala Solar Farm near Port Augusta in South Australia is now fully operational. At 220 MW/275 MWdc, Bungala is Australia’s largest solar farm completed to date.
Community Tesla battery trial kicks off ahead of schedule amid overwhelming interest
Australia’s first community battery trial went live on Monday, after the 52 available spots had been snapped up by Mandurah households – three months ahead of schedule. The trial involves a bulk Tesla battery integrated into existing grid and owned and operated by Western Power and Synergy.
Long read: Big battle over small-scale
While the rooftop market segment might indicate smooth sailing, the debate over low cost suppliers and installers serving Australian homes and businesses continues to simmer just beneath the surface. And one name remains especially prominent in the discussion: Euro Solar.
SolarEdge’s latest quarterly results show robust growth
The inverter maker took number one spot in the United States from SMA this year, and acquired majority stakes and IP in uninterrupted power supply company Gamesa and storage system provider Kokam. While other companies have consolidated, SolarEdge managed to report robust results.
NSW to invest $20m in batteries for schools, hospitals
The New South Wales government has announced plans to install up to 900 batteries with a total capacity of 13 MW on hospital and schools that already have rooftop solar systems.
“It just happened to be perfect timing”
Passing the 2 GW installation milestone, opening its DG business and moving into Southeast Asia: Nextracker’s Australian operations is proving to be a bright spot on global map. For Peter Wheale, VP responsible for Australia, Southeast Asia and the Pacific, it’s vindication of his conviction that the market was going to take off, and success in which fortuitous timing played no small roll.
