Australian renewable energy projects have accounted for 53% of French developer and IPP in 2018. Globally, Neoen generated €227.6 million in revenues ($363 million), of which wind was responsible for 48% and solar 44%. Hornsdale’s “excellent performance” is spurring the company to expand its large scale storage portfolio in 2019.
A bold plan to establish a 1.3 GWh lithium-ion battery cell and module factory in Australia has moved a step closer to reality with prospective manufacturer Energy Renaissance selecting U.S. battery cell developer Cadenza Innovation as technology partner. Energy Renaissance plans to have modules rolling off its first 300 MWh pilot line within one year.
The economy-wide costs of rooftop PV subsidies came in at $1.2 billion in 2018, according to analysis by energy efficiency and solar financer and STC trader Demand Manger. While forecasting an increase to $1.56 billion in 2019, Demand Manager has foreshadowed “imminent” changes to Small-scale Renewable Energy Scheme (SRES).
In late January Japan’s Sumitomo Corporation Group took its first step into the distributed generation market, with its acquisition of Perth-based Infinite Energy. Infinite’s founder and CEO Aidan Jenkins says “after being the little guy” the Sumitomo balance sheet will allow the company to compete with the major electricity retailers – if state government in WA gives them the chance.
Wholesale electricity prices on the NEM can peak during heatwaves and when aging coal generators conk out. Amber Electric customers can both profit from but also bear the brunt of price spikes, but when they have solar+storage the upside is significant. Importantly solar homes can provide a valuable service to the grid, says Amber Electric Founder and CEO Chris Thompson.
Shell Australia has “well advanced” plans for a 120 MW utility scale PV array to supply its QGC onshore gas operations in northern Queensland. The announcement was made Shell Australia Chairman Zoe Yujnovich during a speech today, in which she pointed to an Australian “energy transition” in which “electrons will play a bigger role”.
A proposal to mandate solar and storage systems for all new dwellings has been proposed by the NSW Greens in the lead up the state election. The policy is a part of a wider package that the party says will see one million households add rooftop PV over four years.
The Australian Renewable Energy Agency (ARENA) has awarded $9.6 million in grants for five projects and seven studies into the role of distributed generation assets on the grid – and how to expand their penetration.
Australia’s renewable sector is driving the country towards its Paris commitments well ahead of schedule. The Australian National University (ANU) published the findings today, concluding that on the current trajectory the country is on track to hit 50% renewable electricity in 2024 and 100% in 2032 – at a net cost “of approximately zero.” Despite the good news, the Clean Energy Council warns that current federal government policy may result in the country squandering the opportunity.
Elliott Green Power (EGP) has completed the construction and grid connection of its 95 MW Susan River Solar Farm in South East Queensland. The utility scale array is part of a three-project, 300 MW portfolio EGP is developing in Queensland and New South Wales.
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