May 20, 2026

Edify Energy Reaches Financial Close on 720MWp Solar and 2,400MWh Battery Projects in Queensland

Edify Energy has finalized financing for the Smoky Creek and Guthries Gap solar facilities in Central Queensland, Australia. The two neighboring installations, situated on the ancestral lands of the Gaangalu Nation People within Banana Shire, will collectively provide 720MWp of solar capacity alongside a 600MW/2,400MWh battery energy storage system.

A 20-year hybrid services agreement with mining firm Rio Tinto underpins the projects. Under this arrangement, Rio Tinto will acquire 90% of the electricity and storage capability to power its Gladstone aluminum operations with reduced-carbon energy.

Funding was secured with backing from Edify’s shareholder, La Caisse (previously CDPQ), and a consortium of 14 lenders from Australia and abroad. Edify stated that this debt financing represents the initial use of a greenfield renewable energy portfolio financing platform, a novel structure in the Australian market that establishes a basis for expanding future project development.

The projects obtained long-term revenue backing through the Australian government’s Capacity Investment Scheme Tender 4. This scheme offers revenue underwriting to lower financial risk for investors and hasten the rollout of renewable energy and dispatchable capacity. In this tender, 20 projects succeeded, securing long-term contracts for 6.6GW of renewable generation and 11.4GWh of storage.

Under the CIS agreements, Edify has pledged to aid local communities and First Nations groups, along with meeting substantial local content requirements aimed at boosting regional industry and suppliers.

Both projects will employ DC-coupled hybrid setups integrated with grid-forming inverters. These technologies are intended to improve power network stability as older thermal generation is phased out. In contrast to AC-coupled systems, DC-coupling allows direct current to flow from solar panels to the battery storage via DC/DC converters before being converted to alternating current for the grid. This design enables the capture of solar energy that would otherwise be lost due to inverter clipping during high-output periods, storing it for release during peak demand or low solar generation.

Earlier in 2026, Edify selected DT Infrastructure as the preferred EPC contractor for the projects, and construction has now commenced. The developments are anticipated to generate up to 800 jobs during peak construction and foster local apprenticeships and skills training initiatives.

Ben Warne, Edify Energy’s chief executive, noted that these projects are the first to reach financial close under La Caisse’s ownership and demonstrate the level of ambition in advancing Australia’s energy transition. He described them as critical initiatives that produce affordable, reliable, and dispatchable renewable energy.

This report provides a comprehensive view of the static converter industry in Australia, tracking demand, supply, and trade flows across the national value chain. It explains how demand across key channels and end-use segments shapes consumption patterns, while also mapping the role of input availability, production efficiency, and regulatory standards on supply.

Beyond headline metrics, the study benchmarks prices, margins, and trade routes so you can see where value is created and how it moves between domestic suppliers and international partners. The analysis is designed to support strategic planning, market entry, portfolio prioritization, and risk management in the static converter landscape in Australia.

Quick navigation

Key findings

• Domestic demand is shaped by both household and industrial usage, with trade flows linking local supply to imports and exports.
• Pricing dynamics reflect unit values, freight costs, exchange rates, and regulatory shifts that affect sourcing decisions.
• Supply depends on input availability and production efficiency, creating a distinct national cost curve.
• Market concentration varies by segment, creating different competitive landscapes and entry barriers.
• The 2035 outlook highlights where capacity investment and demand growth are most aligned within the country.

Report scope

The report combines market sizing with trade intelligence and price analytics for Australia. It covers both historical performance and the forward outlook to 2035, allowing you to compare cycles, structural shifts, and policy impacts.

• Market size and growth in value and volume terms
• Consumption structure by end-use segments
• Production capacity, output, and cost dynamics
• Trade flows, exporters, importers, and balances
• Price benchmarks, unit values, and margin signals
• Competitive context and market entry conditions

Product coverage

• Prodcom 27115030 — Rectifiers (excluding of a kind used with telecommunication apparatus, automatic data-processing machines and units thereof)
• Prodcom 27115033 — Accumulator chargers
• Prodcom 27115040 — Power supply units for telecommunication apparatus, a utomatic data-processing machines and units thereof
• Prodcom 27115053 — Inverters having a power handling capacity . 7,5 kVA
• Prodcom 27115055 — Inverters having a power handling capacity > 7,5 kVA
• Prodcom 27115070 — Static converters (excluding polycrystalline semiconductors, c onverters specially designed for welding, without welding equipment, accumulator chargers, rectifiers, inverters)
• Prodcom 27904130 — Rectifiers (excluding of a kind used with telecommunication apparatus, automatic data-processing machines and units thereof)
• Prodcom 27904140 — Power supply units for telecommunication apparatus, automatic data-processing machines and units thereof
• Prodcom 27904153 — Inverters having a power handling capacity u2264 7,5 kVA
• Prodcom 27904155 — Inverters having a power handling capacity > 7,5 kVA
• Prodcom 27904170 — Static converters (excluding polycrystalline semiconductors, converters specially designed for welding, without welding equipment, accumulator chargers, rectifiers, inverters)
• Prodcom 27904190 — Parts of static converters, n.e.c. (excl. electronic assemblies of a kind used with telecommunication apparatus, automatic data-processing machines and units thereof)

Country coverage

Country profile and benchmarks

This report provides a consistent view of market size, trade balance, prices, and per-capita indicators for Australia. The profile highlights demand structure and trade position, enabling benchmarking against regional and global peers.

Methodology

The analysis is built on a multi-source framework that combines official statistics, trade records, company disclosures, and expert validation. Data are standardized, reconciled, and cross-checked to ensure consistency across time series.

• International trade data (exports, imports, and mirror statistics)
• National production and consumption statistics
• Company-level information from financial filings and public releases
• Price series and unit value benchmarks
• Analyst review, outlier checks, and time-series validation

All data are normalized to a common product definition and mapped to a consistent set of codes. This ensures that comparisons across time are aligned and actionable.

Forecasts to 2035

The forecast horizon extends to 2035 and is based on a structured model that links static converter demand and supply to macroeconomic indicators, trade patterns, and sector-specific drivers. The model captures both cyclical and structural factors and reflects known policy and technology shifts in Australia.

• Historical baseline: 2012-2025
• Forecast horizon: 2026-2035
• Scenario-based sensitivity to income growth, substitution, and regulation
• Capacity and investment outlook for major producing companies

Each projection is built from national historical patterns and the broader regional context, allowing the report to show where growth is concentrated and where risks are elevated.

Price analysis and trade dynamics

Prices are analyzed in detail, including export and import unit values, regional spreads, and changes in trade costs. The report highlights how seasonality, freight rates, exchange rates, and supply disruptions influence pricing and margins.

• Price benchmarks by country and sub-region
• Export and import unit value trends
• Seasonality and calendar effects in trade flows
• Price outlook to 2035 under baseline assumptions

Profiles of market participants

Key producers, exporters, and distributors are profiled with a focus on their operational scale, geographic footprint, product mix, and market positioning. This helps identify competitive pressure points, partnership opportunities, and routes to differentiation.

• Business focus and production capabilities
• Geographic reach and distribution networks
• Cost structure and pricing strategy indicators
• Compliance, certification, and sustainability context

How to use this report

• Quantify domestic demand and identify the most attractive segments
• Evaluate export opportunities and prioritize target destinations
• Track price dynamics and protect margins
• Benchmark performance against leading competitors
• Build evidence-based forecasts for investment decisions

This report is designed for manufacturers, distributors, importers, wholesalers, investors, and advisors who need a clear, data-driven picture of static converter dynamics in Australia.

FAQ

What is included in the static converter market in Australia?

The market size aggregates consumption and trade data, presented in both value and volume terms.

How are the forecasts to 2035 built?

The projections combine historical trends with macroeconomic indicators, trade dynamics, and sector-specific drivers.

Does the report cover prices and margins?

Yes, it includes export and import unit values, regional spreads, and a pricing outlook to 2035.

Which benchmarks are included?

The report benchmarks market size, trade balance, prices, and per-capita indicators for Australia.

Can this report support market entry decisions?

Yes, it highlights demand hotspots, trade routes, pricing trends, and competitive context.

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