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NSW installer’s solar inquiries surge as one in two ask after batteries

Sydney-based solar company Solaray Energy says its inquiries have doubled since the federal election, rebounding back to the record demand seen in 2020 ad 2021. Moreover, the company’s director and co-founder Jonathan Fisk says interest in batteries is “making solar fly,” with half of the potential new customers looking to add storage.

Western Australia to exit coal by 2029 in response to competition from solar

Western Australia is set to exit coal-fired power by the end of the decade as state-owned power provider Synergy will close its two remaining coal plants by 2029 in response. Western Australia Premier Mark McGowan said coal was no longer viable due to the high-penetration of solar, particularly rooftop. McGowan also announced a $662 million boost for the coal-town of Collie’s industrial transition and $3.8 billion in statewide renewable investment, with a focus on energy storage.

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A simmering cauldron of renewables ‘revenue cannibalisation’

There is enormous demand for renewables to enter the grid, and for power purchase agreements to make use of them. However, as more renewables feed into the grid at intermittent periods, the risk of “revenue cannibalisation” increases. Swiss consultancy Pexapark’s latest report looks at the “cannibalisation effect” and how the solar PPA market can adapt.

‘Much too naive’: extent of market cornering in energy crisis underplayed, analyst says

As Australia’s energy crisis deepens with Queensland and NSW again cautioned over potential blackouts in the coming hours, director of the Victoria Energy Policy Centre, Bruce Mountain, told pv magazine Australia commentators have underplayed the extent to which energy generators have exacerbated the emergency. Government intervening to take charge of the energy market is, for him, the most likely outcome as generators withholding capacity increasingly threatens to cause massive losses in state economies.

South Korea kicks off 2 GW PV tender

Selected projects will be awarded a fixed rate under a 20-year contract under the country’s renewable energy certificate (REC) scheme and will sell electricity to local power distributors.

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General Electric to triple solar, battery production capacity in India

The US multinational will expand the solar and battery energy storage manufacturing capacity at its factory in Tamil Nadu to 9 GW per annum by the end of 2022. The factory manufactures the FlexInverter power conversion solution and the FlexReservoir utility-scale energy storage systems.

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Regulator reveals rooftop solar installation rate on the slide

Australia’s uptake of rooftop solar is one of the highest in the world with more than 30% of free-standing households across the nation now fitted with a PV system but the Clean Energy Regulator has revealed a “steep decline” in the number of installations in early 2022 with deteriorating economics playing a major part.

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NSW announces $1.2 billion investment in renewable energy

The New South Wales government has announced its single biggest investment yet in renewable energy infrastructure, committing $1.2 billion to fast-track priority transmission and energy storage projects as the energy sector continues its rapid transformation towards a decarbonised and decentralised future.

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NSW calls for investor interest in Illawarra energy zone

The New South Wales government has invited registrations of interest from renewable generators, energy storage and network developers, and existing and proposed energy loads, to participate in shaping a renewable energy zone to be established in the Illawarra region on the state’s south coast.

Rio Tinto targets large-scale solar as part of shift to renewables

Resource sector heavyweight Rio Tinto has called for proposals to develop an estimated 4GW of large-scale wind and solar farms and firming capacity in central and southern Queensland as it progresses plans to power its aluminium operations in the state with renewable energy.

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