Markets

A global study has found that Australia lacks interest in EVs, a finding due largely to the impedimental admixture of cost, range anxiety and lack of charging options.

The AEMC’s annual report on electricity price trends predicts the continued fall in electricity prices around Australia. The trend, says the AEMC, is driven in some large part by the influx of renewable energy generation.

Mirvac has become the first Australian property company to join RE100, reaffirming its commitment to transition to 100% renewable energy by 2030. Growing by a third with 40% of that growth coming from Asia and the South Pacific, the global initiative which brings together companies committed to sourcing all of their energy from renewables is experiencing its biggest year yet.

After China’s National Day holiday, demand started picking up at a slow pace, but the anticipated installation rush did not occur as expected, due to land and financing issues, as well as the return of winter. These factors will also delay the timing of more than 6 GW of capacity to the first half of next year. PV InfoLink has thus downwardly revised its estimates for installed capacity in the fourth quarter to 11.3 GW in China and 30 GW globally, bringing this year’s global demand forecast to below 120 GW.

California-based Greentech startup ReCarbon, which recycles greenhouse gases by converting them into hydrogen, is targeting a big Australian investment.

With the publication of Notification No. 402/TB-VPCP on Nov. 22, the Vietnamese government has cemented its transition from feed-in tariffs to auctions, in a clear step away from earlier promises to revive the FIT scheme.

Victoria’s Essential Services Commission has proposed electricity retailers should offer PV owners the option to choose between a single rate feed-in tariff and a time-varying feed-in tariff, and set lower minimum rates for both.

Tasmania’s ambitions of becoming the Battery of the Nation improve after early reports on the proposed Marinus Link, a second interconnector between Tasmania and Victoria, show the project’s economic advantages far outweigh expected costs.

The release of AEMO’s 2019/20 Summer Readiness Report has set the scene for another summer of excessive heat and risk for the grid. However, AEMO has stressed the importance of the influx of solar PV to the grid.

The 90 MW West Wyalong Solar Farm has become the latest addition to the swelling solar PV pipeline in the Riverina region having secured the NSW Government’s approval.