Sunwoda shipped 11.66 GWh of power batteries in 2023, accounting for $1.5 billion revenue 22% of the company total. A 1 GW solar module factory has begun construction at Zhengxiangbaiqi in Inner Mongolia, China. Australia is targeting 6 GW of wind and solar in a new auction to be held in May under the Capacity Investment Scheme (CIS). The CIS is to deliver 32 GW renewables and 9 GW of energy storage by 2030, with ‘floor and ceiling’ revenue limits analogous to those of the CfD mechanism being brought in by the EU. A 600 MW, four-hour battery energy storage system has been approved in Belgium, courtesy of Dutch developer Giga Storage. Solar module maker Systovi has shuttered its operation…