The Port Augusta concentrated solar power project billed as the world’s biggest has ground to a halt. Although it was granted additional time, U.S. firm SolarReserve failed to achieve financial close and proposed selling the 150 MW project to a third party.

The Australian Renewable Energy Agency (ARENA) will underpin two innovative distributed energy projects – a trial to integrate a virtual power plant into the National Energy Market and a digital marketplace for grid services provided by rooftop solar arrays, batteries and EVs owned by Australian homes and businesses.

A new report from the Clean Energy Council confirms 2018 shattered all records in terms of investment in renewables and capacity additions. The CEC finds that more than 2.3 GW of new renewable energy projects were completed in 2018. Both large-scale and rooftop solar experienced their best ever year.

The California-based energy technology company has released its updated Enphase AC Battery (ACB) with a new battery cell supplier and improved Time-Of-Use (TOU) software for customers in Australia, New Zealand and Europe.

One of the main pillars of the Coalition government’s climate policy, the $2 billion Climate Solutions Fund, has undergone unexpected changes in the final 2019 budget. While the government previously pledged to spend $2 billion over the next 10 years to help ensure Australia meets its emissions target under the Paris Agreement, the budget has revealed that the funding will be spread over 15 years, cutting the amount spent annually by more than 30%.

Bank of Australia has committed to sourcing 100% renewable electricity by 2020. It has become the second major Australian business to sign up to the global initiative RE100 following in the footsteps of the Commonwealth Bank of Australia.

In a briefing looking into the renewable energy investment boom, BIS Oxford Economics estimates solar and wind will attract $20 billion of private investment in FY18 and FY19, spread over more than 70 projects. The consultants warn investment will slow beyond 2020 pointing to the upcoming Federal election as critically important for the future of Australia’s renewables pipeline.

Following the decision to require retailers taking part in the Solar Homes program to be signatories to the Clean Energy Council’s Solar Retailer Code of Conduct, the Victorian government has set specific requirements for inverters that will be installed under the program.

The solar households which choose to participate in the trial will receive direct cash payments of up to $135 per year, depending on the size of their battery system.

A new major aspect of Labor’s climate policy announcement on Monday was a national electric vehicle (EV) target with half of the cars on the Australian roads to be electric by 2030, and fuel emissions standards for all vehicles.