The Chinese electrical equipment giant will build the first project of Simec Energy Australia’s landmark US$1 billion, 1GW dispatchable renewable energy program in South Australia.
The race is on to process applications for central payments across the world’s biggest solar market, particularly as qualifying projects must reportedly be grid connected this year. The final electricity price will be a major competitive factor considered by the Beijing authorities.
While the world’s biggest solar manufacturers are confident there are plenty of alternative markets for a rising volume of panel exports, the message spelled out by first-quarter shipment figures is that protectionism works.
Renewable energy investment in the APAC region, excluding China, will overtake spending on oil and gas exploration and production spending by 2020, finds Norwegian consultancy Rystad Energy. And Australia is set to emerge as one of the leading investment destinations.
Some 168 projects will be developed across 16 provinces free from central government subsidy. The fact the average capacity of such projects has tumbled indicates Beijing’s plan to accelerate the arrival of subsidy free solar may be on track.
The Brisbane-based energy storage company has been contracted to supply its zinc-bromine flow battery solution for a smart grid projects sponsored by China’s National Energy Bureau. It has also secured a preferred supplier status with New Zealand-headquartered Soul Energy to provide batteries for the first of a number of expected infrastructure projects throughout Australasia.
Doping perovskite solar cells with potassium is said to eliminate interface trapping defects and mobile ion migration. ‘Hysteresis suppression’ is key for more efficient cells based on the promising material.
The Hi-MO 4 offers power ratings up to 430 watts, with module efficiencies as high as 19.2%, as the latest high-powered module to hit the floor at Intersolar Europe.
Solar-plus-storage could be competitive against gas peaking power plants in Australia within the next five years, as the average solar-plus-storage LCOE across the Asia-Pacific region is set to fall from $133/MWh this year to $101/MWh by 2023, according to a newly released research report.
The Beijing authorities have confirmed the payment levels to be made according to type of project and region from July onwards but an auction process will be involved so the figures are for guidance only. No decision has yet been made on the 30 GW of capacity added since the end of May.
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