Markets

The 50% expansion of Neoen’s Hornsdale Power Reserve, otherwise known as the Tesla Big Battery, has been successfully completed. If testing of the upgraded battery goes well, Hornsdale could begin to function with an expanded remit of synthetic inertia services, a capability which could have significant impact on regulatory changes.

The University of Sydney’s recently released Climate Statement makes a raft of commitments across a range of sustainability fronts, most notably a commitment to source 100% of its electricity from renewable sources by 2025 and reach net zero emissions by 2030. However, Australia’s oldest university is still under pressure to divest from fossil fuels.

The Western Australian Government has launched its new Distributed Energy Buyback Scheme, a way for homes, schools, and not-for-profits with rooftop solar, energy storage, and even electric vehicles (EVs) to earn some money back from the surplus energy they export to the grid. 

Energy and Emissions Reduction Minister Angus Taylor is set to expand the remit of the Clean Energy Finance Corporation to allow it to invest in gas generation. The move, which is so counter-productive that it resembles sabotage, has sparked waves of disapproval from around the nation, led by the Clean Energy Council.

The reliability of Australia’s power supply has improved driven by the addition of new solar and wind capacity, making summer blackouts less likely, the Australian Energy Market Operator finds in its latest report. In light of the aging coal fleet and scheduled plant closures, timely commissioning of new generation, storage and transmission investment will be critical.

The UK developer has completed the sale of the 162MWac (203MWdc) Columboola Solar Farm in Queensland’s Western Downs, having recently signed a power purchase agreement with state government-owned utility CS Energy.

Toowoomba’s Grand Central shops are currently getting a solar treatment, over 2,400 panels installed through a partnership between the QLD State Government and Yurika. QLD Energy Minister Anthony Lynham said QLD is behind renewables.

In light of the recent events that have caused the polysilicon price to skyrocket, solar developers in Australia are being warned about module supply constraints and price volatility over the coming quarter.

The California-based energy technology company has announced that its microinverters have been selected for Solargain’s turnkey solar offerings in Australia, including the retailer’s offer in collaboration with the Swedish furniture giant.

German discount supermarket chain Aldi has become the first Australian supermarket to commit to 100% renewable electricity by the end of 2021. To achieve this goal, Aldi’s longtime solar partner Epho Commercial Solar has refined its processes, managing to install 100 solar systems atop Aldi sites in 100 days.