Renewable energy sources, notably solar and wind, are reaching price and performance parity on and off the grid, shows a new Deloitte Global report, highlighting seven trends that are driving this transformation.
Applications have officially opened for 50% rebates on rooftop solar installations under the Victorian government’s Solar Homes program, announced just weeks ago. The subsidies will be available until 30 June next year.
Australia’s policy maker for the energy markets has approved the establishment a national register of small-scale distributed energy resources, which will give AEMO and distribution network businesses more data to help in planning and operating the power system as it transforms.
Although initially expected to deliver around 650 MW, Victoria’s first renewable energy auction has smashed the goal, delivering 928 MW of renewable capacity. Six projects will be developed in total, three wind and three solar, under the state’s renewable energy target. In a separate announcement, the Andrews government promised to provide half price solar batteries for 10,000 Victorian households, if re-elected.
By keeping up the current rate of solar PV and wind deployment, Australia is forecast to comfortably exceed the 2020 RET of 33,000 GWh, achieve 26% emissions reduction by 2020/21 and meet its Paris greenhouse emissions target in 2024/25, shows new analysis by the Australian National University (ANU). In 2018 and 2019 combined, over 10 GW of renewable energy could be installed.
The South Australian government will launch its Home Battery Scheme in October, which will offer South Australians subsidies of up to $6,000. In the wake of the government’s announcement, the German storage provider has revealed plans to manufacture up to 50,000 battery storage units at the former Holden site in Elizabeth, creating hundreds of jobs.
Renewables are stealing the march over coal in Australia, and the international outlook is for lower coal demand. Today the international Coal Transitions project released its findings, based on global coal scenarios and detailed case studies by teams in China, India, South Africa, Australia, Poland and Germany.
Following a grant from the Victorian government, Origin Energy is gearing up to connect solar and battery systems of up to 650 residential and commercial properties across the state, in what will be its first virtual power plant and the largest one in Victoria to date.
The driving force behind the innovative energy storage system installed at Amsterdam’s John Cruiff ArenA in the Netherlands, The Mobility House (TMH), talks to pv magazine about the death of the combustion engine, and how electric vehicles (EVs) are presenting both strong business cases, and unparalleled levels of flexibility via decentralized intelligence – blockchain technology – for electricity grids around the world.
A new report shows that coupling renewable power purchase agreements with demand response, reducing consumption when prices are high, could increase electricity savings on top of those delivered under the PPA by one third.
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