Market intelligence company Navigant Research has developed a country forecast of the global market. Incentives and pricing will be the main driver of installations, though the market will continue to be concentrated in certain key regions, including India, for now.
Worth around US$635 million, the latest award follows the EPC contract for a 200 MW DC solar farm in Australia amounting to AUD 220.83 million.
Plans to develop an 18 GWh lithium-ion battery factory in northern Queensland have reached an important milestone with the project feasibility study submitted to the Queensland government.
The Australian Renewable Energy Agency will contribute $15 million towards a planned nationwide network of ultra-fast charging stations that could show the way ahead for electromobility in India.
The global installed capacity will grow from a modest 9 GW/17 GWh as of 2018 to 1,095 GW/2,850 GWh in the next two decades. Just 10 countries will account for almost 75% of the overall gigawatt market, with China, USA, India and Germany leading the pack.
The Palo Alto company says it has improved its large scale battery offering with the new product in the wake of the success of its Powerpack-driven big battery in Australia. The Megapack can be deployed at a 250 MW/1 GWh clean energy plant four times faster than a fossil fuel alternative, claimed the business in a blogpost.
The cost of solar power generation in India has fallen to half the level seen in many other markets in the region due to extensive solar resource, market scale and competition.
Australian and Indian scientists have developed a method of manufacturing soluble graphene in a cost-effective and eco-friendly way from one of Australia’s most common resources, gum trees.
Mining company Neometals and Manikaran Power have started a jointly funded study into the feasibility of establishing India’s first lithium refinery, which would process ore from the Mount Marion mine in Western Australia.
While the world’s biggest solar manufacturers are confident there are plenty of alternative markets for a rising volume of panel exports, the message spelled out by first-quarter shipment figures is that protectionism works.
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