Markets

There’s talking the talk, there’s walking the walk, and then there’s walking the walk on water. Earlier this year at US President Joe Biden’s Virtual Leaders Summit on Climate, Singaporean Prime Minister Lee Hsien Loong said the city-state would need to “innovate and use technology extensively” to overcome its resource scarcity. With one of the world’s largest floating PV arrays now in operation, it seems as if Singapore is floating in the right direction.

Global infrastructure developer AECOM has run analysis on every petroleum fuel refinery and storage & import terminal in Australia and New Zealand as a novel means of locating sites well suited to future renewable development and hydrogen industries. “Some sites that were really suited to a wide range of end uses and those were our so-called ‘unicorn sites,’” AECOM’s Craig Bearsley told pv magazine Australia.

Q Cells and Samsung have agreed to combine their hardware and software platforms to develop ‘zero energy homes,’ with on-site energy production and use.

To truly seize on the opportunity afforded by the imminent battery boom, Australia needs to look beyond its historic role as a supplier of raw materials and broaden the horizons by adding value with downstream products and manufacturing, according to a recent Future Battery Industries report. Pv magazine Australia caught up with Vincent Algar, managing director of Australian Vanadium Limited – a company operating in this promising yet thorny realm.

Gannawarra Solar Farm, Victoria’s first large-scale solar farm integrated with a big battery, has forayed into the world of agrisolar by integrating sheep grazing on site. The sheep are reportedly loving the shade offered by the panels, which has allowed them to graze even during the hottest parts of the day, with the animals unperturbed by the solar farm’s tracking devices.

Australia’s second ‘solar broker’ has entered the market, essentially aiming to link customers with reputable solar installers. With a keen focus on regional Australia, the Solar Saviour startup is looking to grow by engaging country communities and building after-care based referrals schemes, a method its Head of Partnerships, David Cobb, told pv magazine Australia Australia’s solar industry has under-utilised.

New reports and modelling has led TasNetworks to further push its largest of four possible Marinus Link versions. The largest, a 1,500 MW interconnector between Tasmania and the Australian mainland, is being shown to provide benefits across the entire NEM through grid stability and downward pressure on wholesale electricity prices. But there is still some discussion about who should pay for it.

Nobody wants their PV systems to catch fire, but little is known about how to actually prevent such incidents.

Conventional incentives such as renewable portfolio standards, feed-in tariffs or feed-in premium payments may lead to a price cannibalisation scenario for wind and solar, according to a new study from a German-Swedish research group. CO2 pricing is, however, considered an efficient tool to maintain their market value high enough to ensure new investments. A total system cost approach, rather than an LCOE perspective, is needed to understand the strong dependence of market value on policy choice though.

The economic benefits of rooftop solar PV have been reinforced by the Australian Competition and Consumer Commission, with a new report revealing solar customers in the National Electricity Market are paying about 30% less for their electricity than their non-solar counterparts.