Markets

8th IRENA Assembly: Solar driving “fast moving” Asian renewable markets

All forms of renewable energy will be cost competitive with traditional generation sources by 2020. This was one of the key findings in the latest report from the International Renewable Energy Agency (IRENA). It was delivered yesterday at IRENA’s 8th annual Assembly in Abu Dhabi.

Soaring solar poses quandary for Synergy in WA

AEMO has revealed that soaring rooftop solar in Western Australia is presenting state-owned gentailer Synergy with a quandary, as PV meets expanding volumes of daytime electricity demand while economic hardship is causing record numbers of non-PV households to have their electricity cut off.

Surging WA power prices to feed PV demand

Fast increasing power prices in Western Australia are set to feed the already “buoyant” residential PV sector, leading suppliers are reporting. The WA government is winding back electricity subsidies in an attempt to repair the state’s budget.

IHS Markit: Global solar installations to pass 100 GW in 2018

Market analyst IHS Markit has issued its first forecast for 2018 installations. It expects the global market to surpass the 100 GW mark for the first time ever, hitting 108 GW.

Australia welcomes formal creation of International Solar Alliance

As it officially came into force on Wednesday, the International Solar Alliance was welcomed by Australia, one of its 19 founding members.

European PV market expected to grow by 35% in 2018 – GTM Research

European countries such as France, Germany, the Netherlands and Spain are all forecast to be gigawatt-scale markets in 2018. Globally, around 606 GW of new PV capacity is forecast to be installed between 2017 and 2022.

Australia’s North Territory backs 50% renewables plan, to boost home solar and batteries

The Northern Territory government has given broad support to a plan to transition the territory to 50 per cent renewable energy by 2030, and announced new funding for rooftop solar and grid upgrades, after the release of a Roadmap to Renewables report on Monday.

BNEF: China to install 54 GW in 2017

According to a newly released forecast by Bloomberg New Energy Finance, China is likely to install up to 54 GW of solar PV before the year is out, surpassing previous expectations.

Carmichael coal mine failure could bring down Adani Enterprises

While known in the global solar sector as an Indian PV leader, if Adani Enterprises’ proposed Carmichael coal mine fails so too could the company. Analyst Tim Buckley says that if the coal mega project cannot be financed and has to be written off or sold cheaply, the company’s debt would be three times larger than the value of its assets.

RES reaches financial close on 68 MW PV plant in Queensland

RES Australia has announced financial close on the Emerald Solar Park, a 68 MW PV project to be located in the Central Highlands region of Queensland. The project is the first in Australia to be supported by a PPA with a corporate off-taker.