Based on current market prices, the five-year contract could be worth almost $4 billion to the $1 billion company, but the TOPCon manufacturer has not publicised the price at which it will supply and install modules for its state-owned sponsor.
Revving up the appetite for EVs, sonnen and Carbar join forces to make electric car “ownership” easy. A new subscription model, with all running costs included, and the ability to trade up at two weeks’ notice, may supersede buying altogether.
Queensland is likely to join Victoria in dissension on the Australian Energy Market Commission’s draft determination which is being called a tax on solar. The Queensland Energy Minister, Mick de Brenni, has criticised the plan. Could this be the domino which brings the other states and territories falling into place against a rule change?
The Australian Energy Council’s quarterly Solar Report points to something getting bigger in the solar industry that isn’t just the larger format modules. What’s getting bigger is the average size of solar systems Australians are installing on their homes and small businesses.
A Victorian solar PV company which swindled thousands of customers out of millions of dollars has been fined a massive $3 million while its sole director has been slapped with a $450,000 penalty and disqualified from being a director of any company for five years.
While Treasurer Josh Frydenberg is putting the finishing touches on the Federal Budget, the Northern Territory Government has already rolled out its 2021-22 Budget and solar PV and battery storage are among its spending priorities with an extra $4.8 million invested in existing renewable energy schemes.
Silicon Valley-based start-up Gridtential has secured US$12 million (AU$15.5m) in funds to develop what it calls the world’s first factory-ready, single-block, 24V, deep-cycle lead battery. The product is claimed to be ideal for personal mobility vehicles and renewable energy storage in homes and offices.
Recommendations by the NSW Independent Pricing and Regulatory Tribunal will see payback times for solar systems extended, but also favour battery uptake.
In an earnings call, the company said that storage deployments grew 71% YoY and solar installations were its strongest in 2.5 years.
The impacts of Australia’s proposed “solar tax” may have been greatly underestimated, according to a report from the Victoria Energy Policy Centre. The institute says proposed rule change is “likely to leave solar homes with little or no income from rooftop solar exports” as feed-in tariffs drop.
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