Markets & Policy

ACT offers $3 million to support residential storage

The territory government announced on Friday that it has paid more than $3 million in grants to six companies. The money will support the roll out of storage installations in homes and businesses across the capital territory, in the form of rebates for customers buying energy storage systems.

China drags global clean energy investment to $333.5bn in 2017, finds BNEF

Despite approximate 25% fall in solar costs per MWh against 2015, last year saw more than $333 billion invested in clean energy, with global solar deployment figures topping 53 GW, finds new Bloomberg New Energy Finance report.

UNSW signs offsite solar PPA for 100% of its electricity needs

The source of series of pioneering PV technologies is set to become 100% solar powered. The University of New South Wales (UNSW) has announced the signing of a PPA that will see it procure all of its electricity from the 200 MW Sunraysia Solar Farm in rural New South Wales.

8th IRENA Assembly: Solar driving “fast moving” Asian renewable markets

All forms of renewable energy will be cost competitive with traditional generation sources by 2020. This was one of the key findings in the latest report from the International Renewable Energy Agency (IRENA). It was delivered yesterday at IRENA’s 8th annual Assembly in Abu Dhabi.

China the global leader in 2017 clean energy investment, at over $44 bn

China was the global leader in 2017 clean energy investment, says a new report. On the solar front, the country accounts for 60% of all cell production; and will continue to lead installation developments for at least the next five years. New 2020 targets are expected to be set. In the battery arena, Chinese companies are also set to dominate.

Soaring solar poses quandary for Synergy in WA

AEMO has revealed that soaring rooftop solar in Western Australia is presenting state-owned gentailer Synergy with a quandary, as PV meets expanding volumes of daytime electricity demand while economic hardship is causing record numbers of non-PV households to have their electricity cut off.

Legal threat to world’s first 100% solar train

The PV-powered Byron Bay Railway is facing a legal challenge, which threatens to shut down the 3km tourist train only six months after its opening.

From our U.S. editor: Renewable energy and information pollution

A recent article in Bloomberg View illustrates clearly the mythology and misinformation that abounds regarding renewable energy, which in many cases is spread by the media.

Surging WA power prices to feed PV demand

Fast increasing power prices in Western Australia are set to feed the already “buoyant” residential PV sector, leading suppliers are reporting. The WA government is winding back electricity subsidies in an attempt to repair the state’s budget.

CEFC steps up to finance 70 MW Oakey 2 project

The Clean Energy Finance Corporation (CEFC) is continuing to foster utility scale PV growth in Queensland, providing $55 million in non-recourse project finance to the Oakey 2 Solar Farm. Canadian Solar will supply modules for the project and will also serve as EPC.