Extraordinary PV tenders by the federal government will provide for more growth. Market research company EuPD Research expects newly installed capacity of 4 GW in 2021. After that, however, the market could see a sharp reduction, after the 52 GW cap for solar subsidies is reached.
A research team has conducted a demonstration of the economic feasibility of battery-assisted, low-cost hydrogen production from solar. The scientists claim their system will mean hydrogen could be produced for $0.15-0.25 per cubic meter in 2030.
Only three months after issuing the project tender, the Dubai Water and Electricity Authority is building the plant with the support of Expo 2020 Dubai and Siemens.
The acquisition of a 4.8 MW solar plant in the Kyoto prefecture and creation of a joint venture with Japanese storage specialist Exergy are part of the group’s 2020 plan to diversify its business into renewables and acquire 1 GW of capacity in them.
Federal and state governments need to do a whole lot more to help the transition to electric vehicles, says the senate, after poll results indicated strong popular backing for the switch from fossil fuel transport.
Queensland is in line for its first community-scale battery – to be installed on Townsville’s outskirts – because of the high number of rooftop solar systems and close proximity of electricity infrastructure. The energy storage system should be operating by the end of the year.
The Australian states of Victoria and South Australia suffered blackouts at the end of last week as a heatwave drove up air conditioning power demand and coal-fired power stations couldn’t cope. Extreme weather is debunking arguments for new fossil fuel generation and signalling energy security lies in renewables.
The show is expected to grow by 40% compared to last year. And the organizers say solar PV will have a higher profile than ever.
More than 70,000 Australian households will install battery storage this year, according to the Bloomberg New Energy Finance. With the nation’s storage demand set to triple, Australia is expected to make up 30% of global demand.
The German inverter maker struggled after China’s announcement at the end of May drove down prices and markets around the world and left a clear mark on its figures. Both the commercial PV segment and the storage business fell short of expectations due to delivery bottlenecks.
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