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Finance

Victorian council to pass solar system’s savings on to community group

Mildura Rural City Council will install a solar system with up to 99 kW of capacity at its Mildura South Regional Sporting Precinct, which is currently under construction. A spokesperson for Mildura Council told pv magazine Australia 50% of the system’s savings will be provided to a local group to deliver its ongoing sustainability programs for the community.

The trillions spent by G20 nations on fossil fuels from 2015 to 2019 could have paid for more than 4 TW of solar

Polluting energy sources received more than $3 trillion from the EU and 19 of the world’s largest national economies over that four-year period, despite G20 members having pledged to phase-out fossil fuel subsidy and address climate change back in 2009.

‘Stick-on’ solar panels in France secure EU funding

The TotalEnergies-controlled solar manufacturer will secure an, as yet undetermined chunk of a new €118.6 million low-carbon innovation fund to start producing its frameless, glass-free solar roofing products at Porcelette, in northeastern France.

Australia’s first lithium-ion battery manufacturing facility attracts additional federal funding

Australia’s first lithium-ion battery manufacturer, Energy Renaissance, has received a half million dollar grant to develop its pilot manufacturing facility in the state’s Hunter region.

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China to add 619 GW of solar this decade

Indonesia will catch the eye too over the next nine years, according to Wood Mackenzie analysts, as its market grows from 300 MW to 8.5 GW.

ARENA provides $2 million to help biggest industrial emitters green supply chains

The Australian Renewable Energy Agency will provide $2 million to ClimateWorks Australia for the next phase of the Australian Industry Energy Transitions Initiative, which is aims to support some of the country’s biggest companies to decarbonise.

Victorian government funds Indigenous groups $1.1 million to determine communities’ renewable projects

The Victorian government has allocated $1.1 million in funding to Indigenous groups to determine how they want to be part of Victoria’s renewable energy boom. Fortescue has likewise awarded $350 million to a majority-owned Aboriginal business in Western Australia, its single largest contract under its Billion Opportunities program.

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CSIRO allocated $5 million for hydrogen research program

The federal government has awarded $5 million to the CSIRO to deliver a hydrogen research, development and demonstration program aimed at strengthening hydrogen knowledge both domestically and in cooperation with our international partners.

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Australia’s first privately funded big battery to be hosted in Melbourne

Lumea is planning the first big battery to be financed without any government support at Melbourne’s Deer Park Energy Hub.

‘Residential batteries are less profitable than selling excess power to the grid’

Although self-consumption of solar power is the optimal economic approach, the expense of household batteries at present outweighs the increased ability they offer to use electricity generated on the roof. Whether aggregated ‘virtual batteries’ offer better returns is an open question, due to lack of electricity company transparency.

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