Markets

The Northeast Asian nation has included PV projects exceeding 20 MW in size for the first time in its solar energy procurement scheme. 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.

Recommendations by the NSW Independent Pricing and Regulatory Tribunal will see payback times for solar systems extended, but also favour battery uptake.

The National Energy Administration has ordered grid companies to supply enough network connection points for all the solar and wind projects registered in 2019 and 2020, and said variable renewables should be supplying 11% of the nation’s electricity by the end of the year.

Two years in the making, Australia’s Energy Security Board today published its shortlist of options for redesigning the electricity market. “Our energy system is experiencing the fastest and most substantial change in the world,” the Board’s Independent Chair, Dr Kerry Schott, said. Addressing this, the paper essentially outlines a number of ways in which Australia could structure its transition to renewables smoothly and reliably. Stakeholders will now be able to provide the feedback on the options before the Board makes it recommendations to ministers in the middle of the year.

Pacific Energy subsidiary Contract Power Australia is set to design, construct, install and commission two batteries totalling 42 MW for Fortescue Metals Group as part of its Pilbara Energy Connect project. The storage facility is set to be the largest grid-connected battery system in Western Australia.

BayWa r.e.’s 106 MW Yatpool Solar Farm in the infamously congested north-west of Victoria has finally seen successful grid connection a full 18 months after construction completion. Despite the delay, the German developer says its commitment to the Australian market is unwavering.

Australian peak body, the Smart Energy Council, has this morning revealed the details of the initial global and domestic partners for its hydrogen Zero Carbon Certification Scheme. The scheme seeks to provide a guarantee of origin for hydrogen, ammonia and other derivative products like steel, in preparation of Australia becoming a global hydrogen export hub.

In an earnings call, the company said that storage deployments grew 71% YoY and solar installations were its strongest in 2.5 years.

The impacts of Australia’s proposed “solar tax” may have been greatly underestimated, according to a report from the Victoria Energy Policy Centre. The institute says proposed rule change is “likely to leave solar homes with little or no income from rooftop solar exports” as feed-in tariffs drop.

Rooftop solar has caused South Australia’s average daytime prices fell below zero consistently for the first time in the NEM’s history, the Australian Energy Market Operator said in its quarterly report released today.