Solar-plus-storage could be competitive against gas peaking power plants in Australia within the next five years, as the average solar-plus-storage LCOE across the Asia-Pacific region is set to fall from $133/MWh this year to $101/MWh by 2023, according to a newly released research report.
A new $200 million partnership with Bank Australia has boosted the capability of Sustainable Melbourne Fund to help all Australian commercial and agricultural enterprises become more sustainable. For many businesses, reducing electricity costs and emissions through solar PV installation has been the first project on their list.
One of the major providers of aged care in Australia has turned to solar PV and LED lighting to reduce its environmental footprint and energy costs.
With a capacity of 5.725 MW, the solar array spread across Brisbane Airport is Australia’s largest commercial and industrial PV system to be installed at an airport site.
The latest figures from the Australian Energy Market Operator (AEMO) show that solar continues to eat into the share once firmly held by coal on the back of a dramatic increase in installations over the past 12 months. The trend was backed by energy storage facilities which continued to gain foothold as providers of frequency control and ancillary services, lowering overall costs in the first quarter of 2019.
Echoing a growing appetite for corporate renewable power purchase agreements in Australia, Ascham School has become the first school in New South Wales to ink a long-term deal with commercial electricity retailer Flow Power.
Only a month after it signed up to the global initiative RE100, Bank Australia has announced it made the switch to 100% renewable electricity one year ahead of its 2020 target.
The Beijing authorities have confirmed the payment levels to be made according to type of project and region from July onwards but an auction process will be involved so the figures are for guidance only. No decision has yet been made on the 30 GW of capacity added since the end of May.
Federal Labor has pledged to roll out solar PV and batteries at schools across Australia and create virtual power plants supporting up to 365 MW of capacity.
Due to a jump in medium (+15kW) to large (+100kW) rooftop solar installations, there has been a dramatic increase in grid scale solar generation. This has contributed to renewables supplying monthly 14-15% of total generation since last November, an increase from 10-11% share this time last year, new research from The Australia Institute finds.
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