The speed of all transitions is inherently underestimated, and solar PV is no exception. The EU has grossly underestimated its coming of age, as its forecasts for 2020 were off by 67% for the Netherlands and 74% for Germany, writes Rolf Heynen, CEO of Dutch New Energy Research.
Wood MacKenzie’s energy transition modelling is predicting a primacy in the future low-carbon hydrogen economy for Australia. Thanks to the country’s solar irradiance and renewable energy expertise, as well as its relative proximity to major off-taker markets, Australia could be looking at export revenues of up to US$90 billion by 2050.
The Australian Energy Market Operator’s latest analysis of the Western Australian Wholesale Energy Market has found that investment in renewable generation and distributed solar is accelerating at a rapid pace, and importantly, that that acceleration is within the control of the state’s energy transition strategies.
In the world of renewable energy, the past carries charge. It can be an anchor, a learning curve, a hurdle. In Bundaberg, it’s quite literally the fuel for the future. And that green future is being energised by an unusual crew: its local government.
Such a decision, which industry body the CPIA is adamant has already been announced, could make all the difference to investors struggling with a surge in equipment costs fuelled by the polysilicon shortage. The all-important National Energy Administration, however, has yet to confirm whether the CPIA’s interpretation is correct.
REN21 today published its Renewables 2021 Global Status Report, finding the share of fossil fuels in the global energy mix remains virtually unchanged from a decade ago, even as renewables are installed at record pace.
Australian financial group Macquarie Asset Management on Monday announced a €90 million (AU$141.5 million) debt investment in a portfolio of concentrated solar power (CSP) plants in southern Spain.
Alliances with Germany and Japan to develop and commercialise emissions-reducing technologies would be a coup for Australia, if there were any concerted efforts at home to reduce emissions in line with international initiatives, and transition Australian industries to be competitive in a carbon-pricing world.
Since July 2020, the PV industry has been experiencing price rises, which have affected almost all the components in a solar system. As these price increases spill out into higher installation costs, we see end user prices for solar rising for the first time in 10 years, threatening the competitiveness of PV in certain markets. Vincent Shaw reports from Shanghai on solar manufacturing’s supply chain crisis.
Australia’s success with widespread residential take-up of solar PV installations may be facing a stumbling block, a new proposal by the Australian Energy Market Commission (AEMC), the rule maker of the nation’s grid. And for solar veterans, the development summons the ghoul of Spain’s infamous “sun tax.”
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