The decline reflects the broad trend across the solar manufacturing industry, where severe downward pressure on prices—brought about by an excess of product supply—has squeezed manufacturers' margins and pushed some into the red.
The Tech Council of Australia (TCA) has today (25 February) launched the Consumer Energy Tech Alliance (CETA), aiming to support the uptake of solar PV, battery storage, and smart technologies with its integration into the energy grid.
Construction has started on a 400MWh battery energy storage system (BESS) that will be co-located with Acen Australia's 720MW New England solar PV power plant in New South Wales, Australia.
Dutch solar project developer and asset owner Photon Energy Group said in its Q4 2024 financial results that it lost €1.5 million (US$1.57 million) on the sale of two operating solar PV power plants and a solar hybrid site in New South Wales, Australia.