Markets & Finance

Kane Thornton, CEO of the Clean Energy Council, launched All Energy Australia 2024 in Melbourne this morning (23 October), highlighting that the energy transition is a “once-in-a-lifetime opportunity”.

In its final ruling, domestic manufacturing of solar ingots and wafers have been included with a 25% tax credit under Section 48D of the Advanced Manufacturing Investment Credit rules.

The average global LCOE for fixed-axis solar PV systems in 2024 reached US$66/MWh, ranging from US$28/MWh to US$117/MWh.

2023 was a 'record year' for solar installations, dominated by China which is 'well above the sum of all other markets globally', the IEA said.

Hounen Solar and Solar Long PV-Tech have said they do not have the resources to continue participating in the investigation.

Renewable energy developer SunCable has today (22 October) received conditional approval from the Singaporean government’s Energy Market Authority (EMA) to import renewable energy generated from solar PV via the Australia-Asia PowerLink (AAPowerLink) interconnector.

Jinko Solar and Sungrow aim to go public on the Frankfurt Stock Exchange in Germany, which has attracted widespread attention.

The investments will protect the grid from the increasing threat of extreme weather and expand grid capacity as demand grows, the DOE said.

Two Kentucky electricity utilities will stall any solar PV capacity additions until 2035 unless solar "becomes more economically competitive".

Indonesia’s Institute for Essential Services Reform (IESR) has noted that the country has passed 700MW of installed solar PV capacity, but it warns that this progress is “inadequate” to comply with the global climate target.