Canadian Solar acquires 51% stake in five Photon Energy projects in Australia
Chinese module maker and project developer Canadian Solar has acquired a 51% stake in project pipeline of five utility scale solar farms in New South Wales. The projects, which are at an early stage, were initiated by Netherlands-based Photon Energy NV.
Australia: Rapid large scale solar segment growth potential risk to quality
The rapid build out of a large pipeline of utility scale PV projects around Australia could stretch the experienced installation labour force, threatening quality. Solar industry veteran and the Managing Director of PI Berlin Lars Podlowski made the warning as the company expands into Australia through its acquisition of quality assurance provider SolarBuyer.
Australia’s CEFC steps up to finance 70 MW Oakey 2 project
The Clean Energy Finance Corporation (CEFC) is continuing to foster utility scale PV growth in Queensland, providing $55 million in non-recourse project finance to the Oakey 2 Solar Farm. Canadian Solar will supply modules for the project and will also serve as EPC.
ARENA awards AU$29.2 million to 20 solar R&D projects
The Australian Renewable Energy Agency (ARENA) has announced that it will award multiple Australian universities and research institutes with a total of $29.2 million to support early-stage research into new solar innovations.
Australia: November’s rooftop record, large C&I, storage still to come
A major milestone was surpassed in the Australian PV market last month, indicating that the rooftop solar sector is in robust health. However, not tracked in the figures underlying the record are large commercial rooftops and distributed battery storage, and reports are that here too strong growth is being achieved.
Australia, Cuba, Malawi, and Peru ratify ISA framework
Four more countries have ratified the International Solar Alliance (ISA) framework agreement, taking the total number to 19. On Wednesday December 6, the ISA will be established as a legal international intergovernmental body.
Elon Musk comes good on 100-day, 100 MW South Australia battery promise
The Tesla chief laid down the gauntlet earlier this year, confidently tweeting that his team could have the world’s largest battery online within 100 days of signing the contract. The lithium-ion South Australia project was actually completed in 60 days.
Australia’s North Territory backs 50% renewables plan, to boost home solar and batteries
The Northern Territory government has given broad support to a plan to transition the territory to 50 per cent renewable energy by 2030, and announced new funding for rooftop solar and grid upgrades, after the release of a Roadmap to Renewables report on Monday.
European PV market expected to grow by 35% in 2018 – GTM Research
European countries such as France, Germany, the Netherlands and Spain are all forecast to be gigawatt-scale markets in 2018. Globally, around 606 GW of new PV capacity is forecast to be installed between 2017 and 2022.
Solar to suffer as Australia drags heels on National Energy Guarantee, says BNEF
Proposed National Energy Guarantee program could see investments in solar and wind power fall dramatically should PM Turnbull overlook stricter 2030 emissions reduction target, Bloomberg New Energy Finance reports.
