There’s more to read in the solar world than pv magazine alone, as much as we may hate to admit it. Looking back across some of the industry’s seminal works, leading analyst Jenny Chase’s 2019 book is too valuable, and entertaining, to be ignored.
Hydro Tasmania and buyers Macquarie Group and ERM Power have signed a ‘Virtual Storage’ deal which will see the pumped-hydro company sell the rights to its highest priced periods of ‘discharge’ and buying a fixed MW block of low-priced ‘charge’. The innovative contract is the product of the ARENA-funded Renewable Energy Hub.
Soon 2020 will only be a worry to future high-school history students. But when they ask us if anything good at all happened in 2020, remember this review and tell them that solar PV shone in the darkness. Despite the mess of it all, 2020 has been another good year for Australian solar. The industry has demonstrated resilience, and significant progress has been made in the fields of energy storage, green hydrogen and others.
The Clean Energy Finance Corporation and Aware Super, one of Australia’s largest superannuation funds, have both committed $80 million to Adamantem Capital, a private-equity fund which requires its target companies to meet strict emissions reduction targets. For the CEFC, this is the beginning of decarbonisation in a part of the economy lagging behind, namely, private equity.
Small-footprint solar farms can get a purchase on distribution lines, they’re virtually pop-up in terms of construction time, and a smart development model can be easily repeated. The Solarion Renewable Fund wants to let investors into its clean little secret.
The development lender has followed up a $600 million loan for distribution infrastructure in eastern Indonesia with a $430 million credit line for installations in India.
A new Wood Mackenzie report has forecasted a massive swing in the levelised cost of electricity across the Asia-Pacific over the course o the next decade. Before 2030, renewables will be cheaper than new coal and gas almost everywhere, and significantly cheaper in Australia.
The Sumitomo Corporation has reported a stunning ¥26bn (US$251m) loss on its Western Australian Bluewaters coal fired power investment. The loss assures the company’s worst ever annual performance and comes as a result of international and financial pressure against coal funding.
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