The Smart Energy Council has announced plans for a second rally to warn against the current Solar Homes scheme’s damaging effect on Victoria’s solar industry. This time, the protest will target Premier Daniel Andrews’ office.
Chinese module maker and project developer Canadian Solar has acquired another 25% share in the 189 MWp Suntop Solar Farm from Photon Energy and increased its stake to 76%. The balance of shares is held by Sydney-based Polpo Investment.
With more than 50 GW of new wind and solar projects in the development pipeline, the Australian Energy Market Commission is looking to give developers more detailed and up-to-date information about new generation projects. The new draft rule may help businesses make better investment decisions on where to locate new generators and assess project viability.
The analyst has published its latest Energy Storage Outlook report and says large scale deployment will provide the majority of the 1,095 GW/2,850 GWh of battery storage worldwide in 2040, with prices driven down further by grid services demand and EVs.
Energy infrastructure company Jemena has confirmed the purchase of New South Wales’ first electrolyser which will utilise renewable energy to produce green gas for cooking, heating and hot water in homes and businesses.
Even though it is winter, solar capacity is now sufficiently large that it drove renewable energy’s share of the electricity market up above 30% in the middle of the day for 20 out of 30 days of June, finds Green Energy Markets.
After it deployed a record $1.3 billion into the clean energy sector in a 12-month period, the Clean Energy Finance Corporation said it will sharpen its focus on energy storage and other technologies to support the stability of the national grid.
A report released by the Future Fuels CRC (FFCRC) details the work of 19 separate hydrogen roadmaps from around the world, showing the focus and drive towards a hydrogen future. While in sync in terms of forecasts suggesting large scale and rapid deployment of hydrogen technologies is expected from around 2030 onwards, the roadmaps seem to have been developed in isolation from one another, the report finds.
The cost of solar power generation in India has fallen to half the level seen in many other markets in the region due to extensive solar resource, market scale and competition. In Australia, solar is expected to break through the coal-fired electricity price barrier next year, when its cost falls to US$48/MWh, WoodMac finds.
With miners around globe stepping up their production capacities to cater to the demand of the electro-mobility and energy storage sectors, supply has outpaced demand leading to a steep decline in lithium prices. Amid slowing growth in China, a number of Australian lithium miners are hurting.
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