Commercial & Industrial PV

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 University of Technology of Sydney (UTS) will cover the equivalent of half of its annual electricity needs with solar power from the 32 MW Walgett Solar Farm in north-west NSW. The power purchase agreement will allow the $40 million solar project to break ground.

Major universities across Australia are turning to solar PV to bring down energy costs, and to show leadership on climate change. In addition to deploying rooftop arrays across campuses, they are now developing their own renewable energy assets and coming to inventive financial arrangements, emerging as torchbearers in this booming corporate PPA market.

Against the backdrop of a mature rooftop solar market and a booming commercial and industrial solar sector, Australia has a competitive but vibrant solar retailer and installation market. However, not all have prospered and a prominent player has exited the market.

The bottler of the iconic beverage brand in Australia, Coca-Cola Amatil, is set to roll out 3.5 MW of rooftop solar across its operations in Queensland, New South Wales and Western Australia. The solar arrays are forecast to cut the company’s annual energy costs by up to $1.3 million.

Despite political hurdles in key markets including China, India and Japan, Asia-Pacific remains highly active. This year, 59 GW of solar is expected to be installed and due to further system price declines, a phase-out of subsidy schemes can be offset.

Melbourne-based energy tech startup GreenSync has officially launched the Decentralized Energy Exchange (deX), a digital marketplace for grid services provided by rooftop solar arrays, battery storage and EVs owned by Australian homes and businesses.

Know for its blockchain-based P2P platform that allows energy trading between households, the Perth-based company is now launching a new token designed to provide retail investors with the opportunity to fund and generate revenue from shared renewable energy infrastructure.

Independence Group is set to add to a 6.7 MW solar PV array to its existing diesel power station at the Nova mine in Western Australia. Remote power generation specialist Zenith Energy has been contracted to deliver the solar project, in what will be Australia’s first fully-integrated commercial hybrid diesel/solar PV facility.

The Australian Renewable Energy Agency announced it was partnering with Monash University and software provider Indra Australia to trial a microgrid on Monash’s Clayton campus in Melbourne. The microgrid will cover 100% of the campuses’ electricity needs with renewable energy.