A project in Australia that could feature up to 17–20GWp of solar and 36–42GWh of energy storage has been categorised as investment ready by a government agency.
Sungrow was the world’s biggest PV inverter company in 2021, shipping 47.1GW of products and expanding its production facilities in Asia, according to research firm IHS Markit.
Australian energy software company Evergen has closed a AU$15 million (US$10.4 million) series B funding round, its largest capital investment to date.
Australia’s solar sector is poised to accelerate deployment as the country’s new government vows to unlock renewables investment, upgrade the grid and bring federal policy more in line with states and territories.
Australia’s new Labor government has raised the country’s 2030 emissions reduction target as it vowed to support the transition to renewables by investing in transmission infrastructure and energy storage.
ReNew Energy Global witnessed a 27% jump in revenue in its last financial year but saw its net loss almost double on the back of costs associated with its NASDAQ listing.
Energy major bp will acquire a 40.5% stake in and become operator of a green hydrogen project in Western Australia that could feature up to 26GW of solar and wind when complete.
