LCOE on some Australian PV projects as low as $27-36/MWh as renewables close in on global grid parity
The latest figures released by BloombergNEF show new solar and onshore wind power plants have reached parity with average wholesale prices in California, China and parts of Europe. The technologies are winning the race to be the cheapest sources of new generation for two-thirds of the world’s population.
Another 5 GW of module capacity for the Longi juggernaut
The mono giant has announced the latest aspect of a strategy to massively increase production capacity which is currently set to cost around $3.32 billion. Longi last week issued $710 million of new convertible bonds for investors.
Tasmania firms its ambitions of becoming Battery of the Nation
Hydro Tasmania has released a white paper pushing the island state’s claims to become the Battery of the Nation via upgrades to the Victoria-Tasmania interconnector, an effort to unblock the backlog of solar and wind.
Adani opens 65 MW Queensland solar farm, puts further investment on hold
While it seeks to build one of Australia’s biggest coal mines, Adani has grown more cautious on solar investment after suffering connection delays on its first renewables project in Australia.
Massive AGL deal set to push Australia into the battery age
AGL, Australia’s biggest power producer, has inked a deal that will see the development of four large-scale batteries in NSW. The agreement is an attempt to secure against fluctuating prices during peak periods.
Federal Government allocates $1 billion to boost grid reliability
The Morrison government has extended an extra $1 billion to the Clean Energy Finance Corporation to invest in energy storage projects, transmission and distribution infrastructure and grid stabilizing technologies.
Governments back NSW-Qld power line upgrade
The Federal and the New South Wales governments will jointly contribute $102 million to increase the capacity of an existing interconnector between New South Wales and Queensland in the run-up to the planned closure of the Liddel coal generator in 2023.
Mirvac set to build net zero energy Melbourne community with ARENA backing
With ARENA’s help, Mirvac is set to trial a net zero energy community of townhouses in the Melbourne suburb of Altona North.
Australia’s pipeline of renewable energy projects swells over 130 GW
With 2019 already a record year for utility solar, wind and storage project proposals, Norwegian-based energy analyst Rystad Energy predicts Australia’s renewables boom could see coal-fired generation extinct by 2040. According to the Australian National University (ANU), the unprecedented growth in generation from wind and solar can slash Australia’s carbon emissions by 4% over the next few years, but the Clean Energy Council sees things differently.
46,000 rooftop PV installs under Victoria’s Solar Homes program
New data on the Victorian government’s Solar Homes program show the demand for rebates for solar panels, solar hot water, solar batteries and no-interest loans has been well spread across the state.
