Looking to pursue utility-scale battery storage opportunities in Asia Pacific markets, the Australian renewable energy developer, the US-German joint venture and the Japanese joint venture have entered into a collaboration agreement, under which their first task will be to develop three integrated solar and storage projects in Australia, including what would be by far the world’s biggest battery.
The Swiss investment manager and the Australian renewable energy developer stand ready to deliver a total of over 1.3 GW of solar, wind and battery projects across New South Wales within the next four years.
On the back of a $70 million distribution agreement, Hyundai Heavy Industries Green Energy is re-entering Australia’s solar market, eyeing a strong pipeline of opportunities.
Martin Green and his UNSW collaborators have driven a wide range of innovations within the Chinese and global PV manufacturing sector. Green, a Scientia Professor at UNSW and the Director of the Australian Centre for Advanced Photovoltaics shares his take on PV technology in 2018.
The newly founded joint venture raised $500 million in capital investments realize a large scale smart meter roll out in Australia. Origin Energy previously contracted Acumen for this sector. The Acumen brand will be retained and managed together with intelliHUB
Chinese PV module maker Risen Energy has begun construction on the 121 MW Yarranlea project in Queensland. The company intends to have complete control of the project, from module supply, through to EPC, ownership and operation.
Germany-based PV-storage provider sonnen has closed a new funding round from a group of investors led by Shell Ventures. Sonnen has already began to draw on the funds as it continues to expand market shares in the U.S. and in Australia. Shell Ventures is now a major sonnen investor and future cooperation agreement has been agreed to.
Continuing demand and a good first year means that the CEFC and RateSetter have agreed an extension to the green loans agreement, with over 150 new installations every month.
The booming large scale and rooftop PV market in 2018 is providing many reasons to be optimistic about the future of solar under the Australian sun. In reflecting on his six-year tenure as CEO at ARENA, ahead of his departure in August, Ivor Frischknecht points to the role the agency has placed in bringing down the costs of large scale solar in Australia as ARENA’s greatest achievement.
Sungrow is best known for its PV inverter range – which covers the residential, C&I and power plant market segments. The Chinese inverter maker has hopes to see it gain increased traction in Australia by broadening its product portfolio in the country.
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