The sale of renewable energy developer Sun Cable, which is aiming to deliver the world’s biggest intercontinental solar and storage project in northern Australia, has received initial takeover offers from multiple investors, including prospective buyers that aren’t existing shareholders in the project.
Malaysian researchers have developed a system that can absorb heat from PV modules and transmit it to a nanofluid, in order to transform it into thermal energy and use it for different applications. The panels have an overall efficiency of 89%.
Singapore-based vanadium redox flow battery maker VFlowTech has raised $14.4 million (USD 10 million) as part of a Series A funding round. It will use the capital to set up a 200 MWh vanadium flow battery factory for the production of its 250 kWh product.
Sembcorp Industries has connected a 285 MWh battery storage system to the grid on Jurong Island, Singapore. It is reportedly Southeast Asia’s largest energy storage system, featuring 800 large-scale lithium iron phosphate (LFP) batteries.
Sun Cable, the company behind the world’s largest solar and storage project, has officially gone up for sale after entering voluntary administration in January. Its administrator, FTI Consulting, is seeking binding offers of acquisition or recapitalisation by the end of April with a deal to be finalised by May’s end.
The Northern Territory government remains upbeat about the future of the $30 billion-plus (USD 20.7 billion) Australia-Asia PowerLink project despite the company behind what would be the world’s biggest solar and energy storage project having abruptly entered voluntary administration.
Sun Cable, the developer of the world’s largest solar and battery project, backed by two of Australia’s most powerful energy players – Andrew Forrest and Mike Cannon-Brooks – has entered voluntary administration. It is not yet clear what this will mean for the company’s hallmark project, the Australia-Asia PowerLink, though the company’s executives appear optimistic.
Norway-based solar manufacturer REC Group has commenced production of the fifth generation of its TwinPeak module series, offering improved power outputs from 395 W to 415 W and efficiencies ranging from 20.1% to 21.1%.
Singapore-headquartered infrastructure developer Equis has announced plans to construct a 1,200 MW/2.4 GWh battery in Victoria that it claims will be the largest battery energy storage system yet developed in Australia and Asia.
Australian independent power producer ReNu Energy has signed a deal with the developers of a proposed 3.5 GW solar-plus-storage facility in Indonesia to explore the potential large-scale production of green hydrogen for supply into Southeast Asia and beyond.
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