Lyon Group – Global Solar Agreements

Brisbane based Lyon Group have announced three integrated solar and storage projects in Australia will be launched via partnerships they have signed with two overseas companies. The renewable energy developer has partnered with US-based Fluence and Japanese energy company JERA to develop large-scale solar+battery projects. 

Lyon Group’s Global Solar Agreements

Lyon Group, JERA, Fluence CEOs to announce partnership.
Lyon Group, JERA, Fluence CEOs to announce partnership. (source: Lyon Group)

Both JERA and Fluence are already joint ventures (JERA of TEPCO Fuel & Power Inc and Chebu Electric Power Co, and Fluence borne of Siemens and AES). The latter focuses on battery storage and service provision, and JERA would invest in the projects. Lyon will remain the project developer.

“This collaboration agreement is based on a shared understanding that the world requires low emissions energy systems that are also secure, reliable and affordable. Utility-scale battery storage solutions across new and existing generation plants will be a key enabler,” said David Green, Lyon Chairman.

The partnerships will be put to work with the following three solar projects Lyon is developing in need of some answers viz a viz their industrial scale battery storage solutions:

According to Nikkei Asian Review, the three solar power pants will generate 550MW when online at the end of next year. JERA are going to contribute over 10 billion yen (~$122 million AUD) to the projects, which will include a 100MW lithium-ion battery storage system at the Riverlands solar farm in South Australia, equal largest of its kind on the planet (the other 100MW battery isn’t far away – the Tesla Powerpack farm installed in South Australia last year as part of the Hornsdale Power Reserve)

We’ll keep you updated how this partnership progresses. Great news for solar energy in Australia! 

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Hyundai Solar Panels coming to Australia

Hyundai solar panels will be available in Australia this year after inking a massive deal with a local solar company. The Korean company will look to sell to the commercial and residential sector and will also look to install large-scale solar projects here.

Hyundai Solar Panels in Australia

Hyundai Solar Panels - Green Energy
Hyundai Solar Panels – Green Energy (source: Hyundai)

Hyundai Heavy Industries Green Energy have signed an exclusive deal with Queensland solar distribution company Supply Partners. The deal has been valued at $70 million and will see Hyundai HI return to the Australian market since it exited in 2011. 

Larry Kim, the head of global sales for Hyundai Heavy Industries Green Energy, said the company’s sales targets are ambitious – planning to sell 20-30MW of panels this year, and 40-50MW in 2019. According to RenewEconomy, they were only up to 10MW of panels when they exited the market. It’s important to note that the solar landscape has changed considerably in the last 7 years and that 10MW worth of panels certainly doesn’t represent the ostensible failure the numbers provide in 2018 terms.

Kim said the focus of Hyundai will be squarely on the residential and commercial markets. 

“Nowadays, the Australian market is growing very fast in all markets, but residential and commercial are more stable,” Kim told RE in an interview.

He also discussed their plans with regards to energy storage and how they’re going to roll it out to Australia – given that we already have such a high solar panel installation rate it would seem logical to enter this market as well. 

“This is part of (our) long-term strategy,” he said.

“We are focusing on the Korean market for energy storage systems first,” he said. “After that, (we will look at) the Australia residential market.

“But not in the near future.”

We’ll be super interested to see how Hyundai’s re-entry into the Australian market goes and will be sure to update you as soon as we hear anything more about the move.

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World’s biggest solar farm planned for Saudis

World's biggest solar farm - Vision Fund

Japanese technology conglomerate SoftBank will team up with Saudi Arabia’s sovereign wealth fund to provide initial equity for the world’s biggest solar farm in Saudi Arabia. Softbank and the Saudi Arabians have said that their project will have a gigantic 7.2GW capacity in 2019 and this will grow quickly.

World’s biggest solar farm

World's biggest solar farm - Saudi Arabia
World’s biggest solar farm – Saudi Arabia (source: albawaba.com)

By 2030 they are hoping to have a titantic 200GW of power – this would take up a massive amount of the desert, equivalent to a million football fields, according to Renew Economy.

For scale, worldwide total solar deployment is around 400GW, with the current biggest solar farm in China (the Tengger Desert Solar Park at 1.5GW). Australia’s biggest is the 220MW Bungala Solar Farm in Port Augusta.

According to Softbank and the Saudi Arabians, the Saudi Arabian solar project will be built in two stages next year (in separate projects of 3GW and 4.2GW), and they aim to have 200GW by 2030. This would be a huge change to the country which currently uses 60% oil, as they enjoy the lowest cost of oil production worldwide.

For comparison, Australia only uses 20GW per year so this is an absolutely massive undertaking.

Crown Prince Mohammed bin Salman and SoftBank chief Masayoshi Son say phase one will cost $5 billion, with $1b of this money coming from the Vision Fund and the rest will be through project-financed debt. 

The plant will be able to supply enough electricity for Saudi Arabia and ‘much of the middle East’ via exporting – with projected savings forecast to be up to $40b per year. The manufacturing of the solar farm in Saudi Arabia will also result in the creation of 100,000 direct and indirect jobs. 

Masayoshi Son says the projected will “fund its own expansion” so it’s really exciting to see how a project of this size manages to become profitable/cash flow positive so quickly – we’ll be watching it closely. This is the biggest project we’ve covered and it’ll be great to follow it along as it’s built and starts providing power to the Middle East! 

World's biggest solar farm - Vision Fund
World’s biggest solar farm – Vision Fund

 

 

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