Highlights

German inverter giant SMA has reported huge market share in the Australian marketplace, announcing 1.8 GW of PV power plant installations in 2018. The company’s dominance of the large scale segment is such that it claims “almost all utility scale PV power plant projects in Australia rely on the SMA Medium Voltage Power Station.”

The South Australian state government has launched a $50 million fund to support construction of new energy storage projects, seeking to address intermittency in the state electricity system and make electricity more affordable and reliable. There will be one round of applications, with a closing date of Thursday, 7 February 2019.

After it entered the second trading halt in a matter of months a week ago, Perth-based engineering company RCR Tomlinson has failed to secure additional funding and went into administration. Earlier this year, the company managed to raise $100 million in capital from its shareholders, after which it took huge write-downs on two Queensland solar farm.

Federal Labor leader Bill Shorten unveiled the party’s ‘all of the above’ plan for Australia’s energy sector, which it will take to the 2019 election. A ramped-up NEG, project auctions under a CfD structure, grid infrastructure investment, energy efficiency and a boost to battery storage all feature and were welcomed by the clean energy sector.

The Canadian battery manufacturer has been approved as the third battery storage provider for the South Australian Home Battery Scheme. Eguana plans to set up a manufacturing facility in Adelaide, creating up to 200 new jobs over the next three years.

Under the scheme, the state government will offer a combination of grants and interest-free loans for solar and battery storage systems to help 1500 Queensland households and small businesses save money off their energy bills.

As 2.1 GW of new capacity – mostly wind, solar and storage – has come online in the previous year, AEMO has sourced much less additional reserves than last year to manage potential high risk scenarios that typically occur in summer. Over the next two years, the market operator expects 6 GW of new wind and solar capacity to be connected to the grid, which will alleviate the short-term risk of involuntary load shedding during summer peak periods.

Australian developers Energy Estate and MirusWind have proposed a massive renewable energy hub in New South Wales. The project will combine wind and solar energy generation with pumped hydro storage and other storage options to provide up to 4 GW of new clean generation.

Commonwealth Bank of Australia will source 65% of its power from renewable energy by next year and will go completely green by 2030, as Australia’s first business to join 154 international companies that signed up to the global initiative RE100.

The China-headquartered battery manufacturer has joined Germany’s sonnen as an exclusive approved battery storage provider for the South Australian Home Battery Scheme. Alpha-ESS plans to set up a manufacturing facility in Adelaide, where it will build more than 8000 batteries a year and create up to 120 jobs.