Markets

Financiers and investors have always understood that PV power plants play a more prominent role than just generating profits – they also produce electricity without emitting carbon. Lately, the sector is discovering that PV can fulfill a much larger range of environmental functions – improving biodiversity, removing carbon from enriched soils, and producing food in an environmentally sustainable way. Everoze Partner Ragna Schmidt-Haupt argues that putting ecological sustainability at the heart of PV project planning and operation should become the new standard.

The Australian Energy Market Operator has published an engineering framework as it looks to conceive a broader framework for how the National Energy Market can facilitate the accelerating energy transition.

The $2 trillion package includes a proposed 10-year extension of the ITC and PTC and calls for further incentives to add transmission capacity. Most solar advocates liked it, but one nonprofit panned it as being too industry-friendly.

The move is part of the U.S. technology company’s 2030 plan to rely 100% on renewable energy.

An independent exhibition brought to Melbourne Design Week by a group of 15 of the city’s top architectural firms demonstrates the blueprint for Melbourne’s transformation to “A New Normal”. “A New Normal” is a plan to transform Greater Melbourne into a self-sufficient city by 2030.

Iconic Australian beer Victoria Bitter has partnered with Diamond Energy and Power Ledger to develop Solar Exchange, a blockchain-enabled platform that allows residential PV owners to exchange their excess solar for cases of beer. This is not an April Fool’s prank, miracles do happen, stay calm and exchange your excess solar for slabs!

A 1.2 MWp installation featuring more than 4,500 solar panels has sheltered a berry crop from high temperatures and damp to strengthen the claims made by agrivoltaics companies that their systems can offer climate change mitigation as well as clean energy.

Two recent studies have separately shown that many scenarios assessing global decarbonization pathways are still predicting too-low future PV capacity and too-high LCOEs for the solar technology. The researchers analyzed scenarios provided by scientific researchers, government bodies and non-governmental organizations, including the United Nations’ Intergovernmental Panel on Climate Change (IPCC), the U.S. Energy Information Administration (EIA), the European Commission, the Indian government, the International Energy Agency (IEA), and the International Renewable Energy Agency (IRENA), among others.

The Clean Energy Regulator told pv magazine Australia it’s focussing its attention on rooting out misbehaving installers, armed with new automated data analytics models and stronger bonds with industry co-regulators like the Clean Energy Council.

AGL Energy has been remarkably busy in recent months trying to make itself look like a giant ship on the turn in the energy transition and not the Ever Given cargo ship stuck in the old sands of time. Now, AGL has announced plans to partition itself into two separate businesses which it says will provide them with the freedom to pursue their own agendas, but not everyone is convinced.