The company has formally terminated its originally planned 15GW ingot pulling and PV cell manufacturing project, redirecting its resources to the more promising lithium battery silicon-carbon anode material sector.
Solar PV installations have reached a record 14.4GW in the first quarter of 2026, according to a report from the Institute for Energy Economics and Financial Analysis (IEEFA).
Australia's utility-scale solar sector must halve generation costs to around AU$25-30/MWh (US$18-22/MWh) to unlock a pipeline of projects capable of delivering the 10GW of annual capacity additions needed for decarbonisation, according to the Australian Renewable Energy Agency (ARENA).