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By keeping up the current rate of solar PV and wind deployment, Australia is forecast to comfortably exceed the 2020 RET of 33,000 GWh, achieve 26% emissions reduction by 2020/21 and meet its Paris greenhouse emissions target in 2024/25, shows new analysis by the Australian National University (ANU). In 2018 and 2019 combined, over 10 GW of renewable energy could be installed.

The South Australian government will launch its Home Battery Scheme in October, which will offer South Australians subsidies of up to $6,000. In the wake of the government’s announcement, the German storage provider has revealed plans to manufacture up to 50,000 battery storage units at the former Holden site in Elizabeth, creating hundreds of jobs.

Renewables are stealing the march over coal in Australia, and the international outlook is for lower coal demand. Today the international Coal Transitions project released its findings, based on global coal scenarios and detailed case studies by teams in China, India, South Africa, Australia, Poland and Germany.

The Australian Renewable Energy Agency (ARENA) has offered funding to nine Australian universities and research organizations to propel innovation in green hydrogen export.

The South Australian government says it is looking to implement a series of reforms to improve the reliability, affordability and security of the state’s energy market. According to its latest state budget, released on Tuesday, it has allocated $180 million to execute the program.

Chinese wind turbine supplier and project developer Goldwind is looking to offload its Australian wind and large scale solar development pipeline, according to reporting from the Australian Financial Review. The move amounts to one of the first international players looking to exit the Australian renewables marketplace in the face of policy chaos.

If all planned renewable energy projects were to proceed, Queensland would be in line for a $24 billion injection into the state’s economy and over 35,000 new jobs, argues a new Solar Citizens report.

According to the Taiwanese analysts, the solar PV module market is still stable. However, EnergyTrend expects a new price war to erupt with the end of minimum import tariffs (MIPs). In particular, Taiwanese manufacturers will have to cope with increasing price pressure.

Wrapping up the year in which it established its wholly-owned manufacturing facility in Thailand, the Brisbane-based battery supplier says it is negotiating contracts with a number of customers, sharpening its focus on key target markets in Australasia, Asia Pacific and South Africa.

While it took 60 months to reach the first million electric vehicle (EV) sales, in late 2015, it took the fourth million just six months. China is driving this development. Meanwhile, as first generation EVs batteries are reaching their end-of-life, interest in second-life use cases is growing. The volume of retired EV battery packs is set to be 108 GWh by 2029 – representing a third of the expected storage capacity market at that time.