New solar installations to hit 413 GW this year, says BloombergNEF
BloombergNEF says historically low module prices will drive the global solar industry to record installations in 2023.
Victorian EV owners to receive road-user charge refunds, including interest
The Victorian government will repay, with interest, electric vehicle owners who paid a road-user charge later deemed unconstitutional by Victoria’s High Court.
‘Worst’ year for investment in Australia’s large-scale segment, report finds
Investment in Australia’s renewable energy sector is more than 10 times lower than where it should be to reach 2030 targets, according to the Clean Energy Council calculations. Australia’s “sluggish” large-scale segment is the result of a confluence of issues, and illustrates the urgent need for the federal government’s newly supercharged Capacity Investment Scheme.
Renewables helping China to halve power prices compared to Australia, Europe
Wood Mackenzie says in a new report that China could install 230 GW of PV and wind capacity and export more than 200 GW of solar panels in 2023. Unlike Europe and United States, the country is avoiding the high curtailment of PV and wind.
Sunshine Hydro signs 20% First Nations equity deal on flagship Queensland project
Sunshine Hydro and project partner Energy Estate have signed an agreement to give First Nations stakeholders a 20% equity option in the companies’ Djandori Gung-i Superhybrid project at Miriam Vale, Queensland. The project proposes to deliver up to 600 MW of pumped hydro capacity and up to 300 MW of hydrogen electrolysers.
With China PV modules reaching record low prices, is there a chance for local PV manufacturing elsewhere?
From the International Solar Energy Society’s perspective, and the vision of a world with 100% renewable energy for everyone used wisely and efficiently, PV module production should not become an oligopoly and should not be concentrated in one corner of the world.
Mytilineos secures PPA for 120 MW Queensland solar farm in development
Australia’s National Broadband Network (nbn) Corporation has signed an offtake deal with Greek developer Mytilineos to take 59 GWh per annum from its Munna Creek solar farm north of Brisbane, Queensland.
AGL to trial forecasting tool to transform energy demands of C&I sites
Melbourne Airport is among the organisations taking part in a two-year trial intended to help commercial and industrial energy users shift their demand away from peak times, easing pressure on the grid and supporting the integration of more renewables.
Origin takeover vote postponed as suitors lob revised proposal
Origin Energy has delayed the vote on its almost $20 billion (USD 12.85 billion) takeover bid until next month after receiving a revised offer from the Brookfield-led consortium that is hoping to acquire the Australian energy generator and retailer.
Weather risk up, margins down: solutions to future-proofing big solar
Extreme weather is a growing risk to solar farms. Future-proofing through advanced technologies, leveraging data from novel sources, and by building both collaboration and acceptance of risk is vital, but rarely achieved today for a number of reasons. Insurers, lenders, developers, contractors and manufacturers come together here to discuss solutions to the intractable problem of weather risk.
