Finance

The race is on to process applications for central payments across the world’s biggest solar market, particularly as qualifying projects must reportedly be grid connected this year. The final electricity price will be a major competitive factor considered by the Beijing authorities.

Renewable energy investment in the APAC region, excluding China, will overtake spending on oil and gas exploration and production spending by 2020, finds Norwegian consultancy Rystad Energy. And Australia is set to emerge as one of the leading investment destinations.

Rebates and zero-interest loans for solar panels, solar hot water systems and batteries account for one of the major spends in Victoria’s 2019/20 budget and come at a cost of $1.3 billion.

Victorian households can now sign up for sonnenFlat, an energy plan that offers a guaranteed annual energy allowance including solar, storage and grid energy usage for a fixed fee.

Defying election predictions, the right-wing Liberal-National coalition celebrated a “miracle” victory on Saturday evening. But, the Australian solar sector has little reason to rejoice.

At the Clean Energy Council Large-scale Solar Forum yesterday, principal sponsor Longi launched its new Hi-MO 4 range of solar panels in Australia and spoke with pv magazine about its intention to better serve the local industry by opening a fully fledged sales and service office in Australia.

One of the hotly contested issues in the run-up to the Saturday federal election is whether a proactive response to climate change is more expensive than doing nothing. The Australia Institute has examined 22 reports from academics, government agencies and consultants modeling higher emissions reductions by 2030 and found that none of them shows action on climate change is ‘economy wrecking’. Counting the costs of the major parties’ climate change policies, UNSW finds that impacts of inaction on climate change for both Australia’s economy and jobs outweigh the costs of reducing emissions.

As the federal election campaign slowly grinds to a halt, one thing is indisputable: climate change has emerged as the make or break issue in this year’s election. The main parties have come up with a wide range of policies, but some are more supportive of the green energy sector than the others.

With the annual cost of energy per bed across the aged care sector on the rise, C&I PV and energy efficiency specialist Verdia says that a major energy transformation is underway across Australia.

Solar-plus-storage could be competitive against gas peaking power plants in Australia within the next five years, as the average solar-plus-storage LCOE across the Asia-Pacific region is set to fall from $133/MWh this year to $101/MWh by 2023, according to a newly released research report.