As the deployment of renewable energy continues to expand around the world, driven by various inputs, such as capital allocation and investment, falling capital costs, competitive LCOE and various policy mechanisms, we are now moving towards a new era for renewable energy. ‘Renewables 2.0’ will have significant, wide-ranging consequences for all market players, as regulators reduce their support and power producers seek new revenue models. In this article, Duncan Ritchie, partner at Apricum – The Cleantech Advisory, will look at the key market developments for renewables, explode the myth of grid parity, highlight the need for flexibility and explain the importance of new financing solutions that are capable of meeting the new complexities brought about by ‘Renewables 2.0’.
Four years ago a viral campaign wooed the world with a promise of fighting climate change and jump-starting the economy by replacing tarmac on the world’s roads with solar panels. The bold idea has undergone some road testing since then. The first results from preliminary studies have recently come out, and they’re a bit underwhelming.
Renewables are stealing the march over coal in Australia, and the international outlook is for lower coal demand. Today the international Coal Transitions project released its findings, based on global coal scenarios and detailed case studies by teams in China, India, South Africa, Australia, Poland and Germany.
Tata Power Solar has commissioned an 820.8 kWp solar rooftop at the Cricket Club of India (CCI), in Mumbai. It claims it is the world’s largest solar rooftop on a cricket stadium.
According to the Taiwanese analysts, the solar PV module market is still stable. However, EnergyTrend expects a new price war to erupt with the end of minimum import tariffs (MIPs). In particular, Taiwanese manufacturers will have to cope with increasing price pressure.
Australia’s first commercial installation of printed solar cells, made using specialised semiconducting inks and printed using a conventional reel-to-reel printer, has been installed on a factory roof in Newcastle.
Rumor has it industry lobbying has persuaded the government to agree to 300-500 MW of distributed PV in each of the populous nation’s 34 local government areas, with a reduction in “non-technical costs” making up for a lack of guaranteed payment.
UNSW’s ARC DECRA Fellow Sophie Lewis and research fellow Sarah Perkins-Kirkpatrick chart a decade-long failure of Australian emissions reductions policy as evidence of extreme weather events and climate change impacts mount.
An energy production and trading scheme designed for the Tonsley Innovation District in Adelaide will incorporate one of Australia’s largest rooftop solar arrays to provide energy to businesses and homes within the growing precinct.
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