Solar PV

Emissions from steel production each year equal those of a major developed economy. Yet steel is a crucial material to support the energy transition, among its many other applications – making its supply essential. Enter green steel, the production of which interrelates with solar, wind, and green hydrogen in intriguing ways.

Registration for the Australian government’s fourth Capacity Investment Scheme tender is now open with this latest competitive auction for underwriting contracts targeting 6 GW of new solar and wind projects.

Vast Renewables has unlocked $30 million of federal government funding which it says will help ramp up manufacturing capacity for its concentrated solar thermal technology and advance construction plans for its first large-scale solar thermal project.

As battery energy storage system costs plunge, energy price volatility is shortening payback times for storage solutions. This shift, driven by a surge in intermittently generating renewables, and ongoing innovations in battery manufacturing, marks a pivotal moment for energy markets worldwide.

Solcast, a DNV company, reports that the upcoming Australian summer is likely to see cloudier than usual conditions, potentially reducing solar generation across key regions, especially along the east coast.

Australia’s main electricity grid is predicted to increase its solar, wind, and energy storage capacity by more than 150 GW by 2043 according to new projections published by energy market consultancy and research group Cornwall Insight.

PV data consultancy Wiki-Solar says the world’s top solar developers have added nearly 50 GW of new solar capacity since early 2023, raising their cumulative capacity to 146.7 GW – more than one-fifth of the global total.

There are thousands of extraordinarily good pumped hydro energy storage sites around the world with extraordinarily low capital cost. When coupled with batteries, the resulting hybrid system has large energy storage, low cost for both energy and power, and rapid response. Storage is a solved problem.

Allied Green Ammonia has awarded Swedish outfit Afry the owner’s engineering assignment for the renewable power plant that is to support its large-scale green hydrogen to ammonia production project being developed in the Northern Territory.

The weighted average levelised cost of electricity of utility-scale solar PV in Australia was 22% lower than the global average according to a new report published by the International Renewable Energy Agency.