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OP ED | Australia should hitch its solar wagon to the China juggernaut
Renew Economy
CEF observes continued price deflation in solar PV and batteries – prices dropped 20% for batteries, and Chinese panels plummeted by 37 to 46% in 2024. This cost reduction has turbocharged deployment rates, with almost 600GW of solar PV installed in 2024.
Assuming continued growth in China deployments, 700GW this year seems likely, and CEF projects this will rise to 1,000GW per annum by 2030. BESS installation rates are expected to treble in this timeframe. With solar modules and battery manufacturing capacity at three times the current global installations, expectations of plateauing installations are entirely unlikely.
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‘World-leader in negative prices’: Australia urged to turn renewable energy challenge into opportunity
Energy Storage News
Battery storage can turn record-high instances of negative spot pricing in Australia’s National Electricity Market (NEM) into investment opportunities.
That was the view expressed by various panellists and sources at the Energy Storage Summit Australia 2025 in Sydney this week.
Tim Buckley, founder and director of the think tank Climate Energy Finance, got the ball rolling on Day One yesterday, flipping traditional views on negative pricing events in describing them as “an advantage.”
Australia has “world-leading negative pricing in wholesale markets,” Buckley said, noting that in the states of Victoria and South Australia, negative pricing was experienced for 24% and 26% of last year, roughly four times higher than experienced in European power markets.
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