WoodMac: Grid congestion chokes renewables investments in Australia
Wood Mackenzie analysts have expressed concern over deteriorating renewable energy investment conditions in Australia, noting that greater clarity on transmission investment is needed to support the sector.
Solar buyback trend continues
In the face of the Covid-19 economic crisis, companies and investment firms are looking to buyback existing solar systems from businesses in exchange for ready cash and decent terms.
LCOE from large scale PV fell 4% to $50 per megawatt-hour in six months
Analysts at Bloomberg New Energy Finance say the lowest-cost projects financed in Australia, China, Chile and the UAE in the last six months hit a levelized cost of energy of just $23-29/MWh and the best solar and wind projects will produce electricity for less than $20/MWh by 2030.
AEMO: The grid can handle 75% renewables by 2025
The Australian Energy Market Operator (AEMO) has found that the country already has the technical capability to safely operate a system where three-quarters of electricity comes from wind and solar. However, to do so it needs to get regulations right.
Despite solar woes, Tesla recorded its first profitable Q1
Tesla finished the first quarter of 2020 with a positive GAAP net income, driven by the profitability of the Model Y. However, the story was not so bright for solar, storage or corporate governance.
Victorian college to source 130% of its energy needs from renewables
Melbourne-based Presbyterian Ladies’ College has upped the ante on renewable energy with the installation of a massive rooftop PV array.
Code red! Agricultural solar hit by NSW Environmental Planning Policy Amendment
The New South Wales solar industry hailed last week’s amendment to the state planning laws, which allows installation of larger rooftop solar systems on households and businesses without council approvals. But omission of a previous enabling clause from the legislation will add cost and delays to ground-mounted solar developments of more than 30 kW.
NSW amends laws to pave the way for rooftop solar and big batteries
The New South Wales government has amended legislation to allow for larger-scale solar systems to be installed on homes and commercial buildings without council approval and to facilitate the installation of utility-scale batteries.
Constraints lifted for five West Murray solar farms
In a major feat for the energy sector, the Australian Energy Market Operator (AEMO) has provisionally lifted generation constraints imposed on five solar farms in the West Murray Zone, following the successful testing of new tuned inverter settings this week.
Solar Bay begins $350 million solar buyback initiative
Renewable Investment Fund Solar Bay is dishing out its $350 million mandate over the next three years by buying on-site solar systems to provide discounted PPA’s. The move is part of an ongoing trend in smaller-scale renewable investment.
