Clean energy investor Octopus Investments Australia has launched a AU$10 billion (US$6.9 billion) platform that will finance renewables assets and has already acquired Australia’s largest operational solar project.
The Australian state of Victoria is promoting the uptake of rooftop solar as part of a new strategy aimed at reducing gas use and lowering household energy bills.
A 2021 market share report released by IHS Markit has placed GoodWe as the No.3 PV inverter supplier in Australia based on total annual shipments, with the report also ranking the company 6th globally. GoodWe’s own internal research and analysis further suggests that the company was the leader in the Australian residential and commercial rooftop segment for the same period.
The Australian Centre for Advanced Photovoltaics (ACAP) has received funding from the country’s new government to continue its solar research activities until 2030.
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.
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.
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.
