OMNI Features｜New JV between SunDrive Solar and Trinasolar to Enhance Australia's Solar Production Capabilities．BP Considers Sale of Offshore Wind Stake Amid to Minimize Investments Required

｜New Joint Venture between SunDrive Solar and Trinasolar to Enhance Australia's Solar Production Capabilities
SunDrive Solar, Australia's solar innovation leader, has partnered with global solar giant Trinasolar to form a joint venture (JV) focused on advancing solar manufacturing capabilities in Australia. This collaboration aims to establish Australia as a global hub for cutting-edge solar technology, producing advanced solar modules locally. SunDrive CEO Natalie Malligan highlighted the partnership demonstrates SunDrive and Trinasolar's mutual belief.

The JV will prioritize creating high-quality jobs, enhancing Australia's energy security, and expanding the domestic solar market. With over 300 skilled positions to be generated, the initiative will strengthen local supply chains, ensuring a resilient and sustainable energy system. The partnership will also integrate SunDrive's breakthrough copper metallization technology, positioning Australian-made solar products as competitive both locally and regionally. SunDrive will apply for funding under ARENA's (Australian Renewable Energy Agency) Solar Sunshot program to further the venture's goals, including expanding solar manufacturing at the AGL Hunter Energy Hub.

｜BP Considers Sale of Offshore Wind Stake Amid to Minimize Investments Required
According to Reuters reported that BP is considering selling a stake in its offshore wind business. Reuters mentioned that BP is working with Bank of America to find partners for the sale. BP has faced shareholder pressure regarding its energy transition strategy, launched in 2020. With declining revenues from renewable energy and rising margins in oil and gas, shareholders have called for a 60% reduction in renewable investments. Sources say BP wants to reduce its stake in offshore wind projects to minimize the significant investments required. BP currently has no operational offshore wind farms but is working on projects in the UK, Germany, the US, and Asia, with a project pipeline totaling 9.6 GW as of June. The company has already canceled some projects and may divest more as the cost of developing offshore wind farms continues to rise.

Reference: Australian Manufacturing｜Reuters