The Covid-19 pandemic will create a “perfect storm” for the wholesale electricity market as lower demand comes together with lower gas prices and large-scale solar and wind being commissioned to depress power prices, finds a report by Melbourne-based consultancy RepuTex.
The pandemic will postpone or cancel the financial close of some 3 GW of solar and wind in Australia, according to Norwegian consultancy Rystad Energy, as the falling Australian dollar renders projects uneconomical. The biggest loser among the states will be New South Wales.
A study by Solarpower Europe and LUT: Three different cases for the transformation of the European energy system were examined in this study. The more ambitious scenario with 100% renewable energy and a high proportion of PV might be cheaper than less ambitious paths to a green Europe.
Following the official declaration of a system strength shortfall in northern Queensland, transmission network service provider Powerlink will need to address the issue and ease the situation for three severely impacted renewable energy generators.
With 4.4 GW of new renewable energy capacity installed and almost a quarter of Australia’s electricity supply now coming from renewable energy sources, 2019 was another year of extraordinary growth, according to the latest edition of the Clean Energy Australia report. As rooftop solar continued its record-breaking streak, big PV made up more than two-thirds of Australia’s large-scale renewable energy capacity installed last year. Meanwhile, the battery storage sector started to gain momentum.
Hanoi has set new feed-in tariff rates for utility-scale, rooftop and floating PV projects, ending a long period of policy uncertainty. The government has announced the new rates, which are broadly in line with industry expectations, roughly 10 months after the expiration of its old tariffs.
Melbourne solar Thermal Hydro tech company RayGen has announced a strategic partnership with global developer Photon Energy. The boost comes only weeks after added ARENA funding and signals a major push toward a solution to the problem of solar intermittency.
National utility Transpower said that solar could take a 9.3% share of the country’s generation mix by the middle of the century. However, real growth is only forecast to occur from 2035, with distributed generation expected to account for more than 80% of total installed PV.
The Australian Energy Market Operator’s final marginal loss factor report for 2020-21 provides some good news for operational large-scale solar projects delivering only smaller changes compared to those seen in preceding years. However, the reduced need for MLF adjustments came as a result of a slowdown in new project development and additional network constraints.
After several stalled years, construction of the 300 MW Rodds Bay Solar Farm in Queensland is finally imminent. Developer, Renew Estate, has been issued its Notice to Proceed under its connection agreement with Powerlink Queensland.
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