Solar outstrips fossil fuels in 2017 leading record renewables investment, report finds

A new report drafted by Bloomberg New Energy Finance (BNEF), the United Nations Environment Programme (UNEP), and the Frankfurt School-UNEP Collaborating Centre shows that global solar energy investments overshadowed all other forms of electricity generation in 2017. China is leading the pack of the world’s largest renewables investors, followed by Australia, Mexico and Sweden.

Genex gets green light to develop Kidston Stage 2 solar project

After the 50 MW Stage 1 solar farm was switched on late last year, the Kidston renewable energy hub has now received a development approval for 270 MW of solar, which is to be co-located with a 250 MW pumped storage hydro project.

The (long) Weekend Read: A view of the large-scale boom

From just a handful of large-scale solar PV projects a few years ago, Australia is becoming one of the world’s fastest-growing markets. With a substantial project pipeline, the country is in the box seat to experience a banner year in 2018, with the 2020 Renewable Energy Target (RET) now in hand and a new policy taking shape for the period beyond.

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Power Ledger, Greenwood Solution to deploy P2P energy trading platform in Melbourne

The first commercial deployment of Power Ledger’s P2P energy trading platform will take place in partnership with energy solutions business Greenwood Solutions, which will be in charge of installing solar across strata units.

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BYD signs 75MW supply deal in Australia

The Chinese technology firm has inked an agreement with EPC provider Biosar for a solar farm in Queensland, estimated at around US$ 30 million – a significant deal for the company’s thriving solar PV division.

Tesla, Fluence to build 55 MW/80 MWh of battery storage in Victoria

After the Australian Renewable Energy Agency (ARENA) provided an extra $25 million to match the Victorian government’s funding offer, the state of Victoria is now in line for two large-scale, grid-connected batteries, one of which will be coupled with an existing solar farm.

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Clean Energy Regulator sees healthy surplus of LGCs after final surrender

As the deployment of large scale renewable energy projects picked up the pace in 2017, the 2020 Renewable Energy Target of 33,000 GWh has been put within reach. The Clean Energy Regulator has reported “a healthy surplus” of renewable energy certificates in the Renewable Energy Target market.

Sun Metals, MSF Sugar join Townsville virtual power plant as foundation customers

Tasked with redirecting electricity generated in industry to households in north Queensland, Australia’s first large scale operating virtual power plant at work has welcomed big industrial players as customers.

South Australia Premier promises interest-free loans for solar+storage

In yet another renewable energy related election commitment, South Australia Premier Jay Weatherill has pledged to offer loans to 10,000 households to install rooftop solar and battery storage, which will be made available interest-free for the first seven years.

BNEF: Australia ties with Germany as fastest growing residential storage market

Australia is on the cusp of a residential battery storage boom. The Climate Council published the forecast last week in its Fully Charged: Renewables and Storage Powering Australia report. BNEF confirms with pv magazine Australia that as a result of the rapid growth, Australia is alongside Germany as the fastest growing market for residential battery storage.

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