Australia

Australia and India have actually agreed to collaborate on solar manufacturing and also release, aiming to lower the price of solar PV, battery energy storage systems (BESS) and brand-new clean modern technologies in both countries.

Solar project developer and also possession owner Photon Energy Group saw its profits reach a brand-new high last year thanks to the sale of electrical power from its growing portfolio of PV plants.

Australia has actually hit a historic milestone-- it has gotten to 25GW of set up solar capacity. As the Australian PV Institute kept in mind on Monday, that's more solar per head than anywhere else in the world.

Australian steels company Fortescue has actually introduced prepare for a vast renewables center consisting of as much as 3,333 MW of solar to power its mining operations in Western Australia.

Solar PV and also various 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 regardless of their share of the energy mix shrinking.

The Australian state of New South Wales (NSW) has obtained propositions for greater than 34GW of solar, wind and energy storage space for its South-West Renewable Energy Zone (REZ), more than 10 times the likely capacity of the site.

Construction has started on BHP's "first off-grid large-scale renewable resource project", completing 38 MW of solar energy and a 10.1 MW/5.4 MWh battery energy storage system (BESS), at 2 nickel mines in Western Australia which supply Tesla for usage in electrical lorry (EV) batteries.

Greek commercial team Mytilineos said its renewables and also storage space device continues with "full speed" to invest in solar and battery power storage space systems around the world complying with a 2021 that saw the business increase its PV design, purchase and also building (EPC) procedures.

In this occasional Country collection for 2022, we begin with Australia, where 2021 was a standout year for solar. What does 2022 hold? As well as how will Australia keep expanding its sustainable base?

Toronto-based renewables designer Amp Energy has closed on a US$ 350 million credit facility to bear down a worldwide profile of renewables and also battery energy storage assets.

Victoria is one step more detailed to adding a new "biggest battery" to its network, after a 240MW/480MWh project recommended by Maoneng for the Mornington Peninsula was gotten rid of for development by the state federal government.

Prefabricated solar services producer 5B is seeking to improve the scalability as well as cost of its modern technology through an AU$ 33.4 million (US$ 24 million) innovation program as well as support from the Australian Renewable Energy Agency (ARENA).

Australian LNG gamer Woodside Energy has tabled plans to develop a utility-scale solar-storage project with a generation capacity of as much as 500MW in Western Australia.

Ultra low cost solar was lately added as a concern technology in the Australian Government's most current Low Emissions Technology Statement (LETS). In support of ultra low cost solar, ARENA has actually set an enthusiastic target of 'Solar 30 30 30', to boost solar cell performance to 30 percent and also lower the complete cost of building and construction of utility scale solar farms to 30 cents per watt by 2030.