Australia and India have agreed to collaborate on solar manufacturing and deployment, aiming to reduce the cost of solar PV, battery energy storage systems (BESS) and new clean technologies in both countries.
Solar project developer and asset owner Photon Energy Group saw its revenue reach a new high last year thanks to the sale of electricity from its growing portfolio of PV plants.
Australian metals company Fortescue has unveiled plans for a vast renewables hub including up to 3,333MW of solar to power its mining operations in Western Australia.
Solar PV and other renewables accounted for a record share of electricity generation in Australia’s National Energy Market (NEM) in Q4 2021 at 34.9%, while average wholesale prices rose with the higher cost of fossil fuels despite their share of the energy mix shrinking.
The Australian state of New South Wales (NSW) has received proposals for more than 34GW of solar, wind and energy storage for its South-West Renewable Energy Zone (REZ), more than 10 times the likely capacity of the site.
Greek industrial group Mytilineos said its renewables and storage unit continues with “full speed” to invest in solar and battery energy storage systems globally following a 2021 that saw the business expand its PV engineering, procurement and construction (EPC) operations.
Toronto-based renewables developer Amp Energy has closed on a US$350 million credit facility to advance on a global portfolio of renewables and battery energy storage assets.
Prefabricated solar solutions manufacturer 5B is looking to improve the scalability and cost of its technology through an AU$33.4 million (US$24 million) innovation programme and support from the Australian Renewable Energy Agency (ARENA).
Australian LNG player Woodside Energy has tabled plans to build a utility-scale solar-storage project with a generation capacity of up to 500MW in Western Australia.
