Oceania

Australian hydrogen vehicle and fuel cell startup H2X has partnered with Indian automotive parts manufacturer and developer Advik Hi-Tech in a deal which will see the Australian company’s products delivered into India and the wider international market.

Wood Mackenzie has predicted solar equipment cost increases will ease back after last year saw the average cost of solar electricity rise for the first time in the Asia-Pacific region.

Today, both Reliance and Fortescue are realizing the huge investment, employment, import replacement and export opportunities in zero emissions industries of the future, both for India and Australia. And they look to be leading the way, fully supported by global financial institutions increasingly seeking to deploy trillions of patient capital in low volatility, non-commodity price exposed zero-emissions energy sources of the future.

As technology redefines the delivery of network services, grid operators in remote areas the world over are searching for more cost-effective and reliable alternatives to traditional poles and wires. Standalone power systems are the solar application that is at the forefront of the switch, and they’re ramping up fast.

Australia-based Fortescue Future Industries has partnered with JSW Energy arm on green hydrogen production and application in India. 

The nation maintained the highest score of 62.7 for solar in the latest edition of Ernst & Young’s renewables attractiveness index. It ranked third for overall renewable energy investment. 

Australia’s University of New South Wales (UNSW) has built a reputation for strong collaboration with the PV industry, from cell passivation through to the causes of degradation. Malcolm Abbott, a senior research fellow, directs one of the UNSW teams that is continuing its work into light and elevated temperature-induced degradation (LeTID). He recently spoke with pv magazine to provide an update.

A new Wood Mackenzie report suggests that costs for front-of-the-meter battery storage systems in the Asia-Pacific region could fall by 30% by 2025. The declining costs are already having a palpable impact, as 2021 has opened with a slew of large-scale battery project announcements.

The pan-Asian renewable energy development platform, owned by Australian investment bank Macquarie’s Green Investment Group (GIG), has acquired a majority stake in Hyderabad-based commercial solar developer Vibrant Energy.

The nation has earned the highest score of 62.7 in terms of attractiveness for solar PV investment and deployment in the latest ranking of top 40 countries by Ernst & Young.