Markets

The 10 members of the Association of Southeast Asian Nations (ASEAN) are on track to make solar and other renewables account for 23% of the region’s total primary energy supply (TPES) by 2025, but governments will need to create better policy and investment frameworks to make it happen, according to the International Renewable Energy Agency (IRENA).

Australia is on the cusp of a residential battery storage boom. The Climate Council published the forecast last week in its Fully Charged: Renewables and Storage Powering Australia report. BNEF confirms with pv magazine Australia that as a result of the rapid growth, Australia is alongside Germany as the fastest growing market for residential battery storage.

Onshore wind and solar PV will go head-to-head for the first time in a new 200 MW tender in Germany. Bids for solar PV ground-mounted projects and onshore wind farms can be submitted to the Federal Network Agency by April 3.

There is absolutely no doubting that the installation rate of solar PV, both rooftop and utility scale, is growing extremely quickly. An exciting development, yeah, but installed capacity isn’t likely to double in 2018.

Issuing a call for action, a report commissioned by the Association of Mining and Exploration Companies outlines Australia’s opportunity to expand along the estimated $2 trillion lithium chain in the next two years.

The Austrian inverter specialist is launching a new version of its Energy Package upgraded with storage units from LG Chem.

Clean Energy Regulator data reveal that a stellar 2017 has set the Australian renewable sector up to meet 2020 Renewable Energy Target (RET). Large scale solar accounts for 46% of the “firmly announced” projects since 2016.

All forms of renewable energy will be cost competitive with traditional generation sources by 2020. This was one of the key findings in the latest report from the International Renewable Energy Agency (IRENA). It was delivered yesterday at IRENA’s 8th annual Assembly in Abu Dhabi.

AEMO has revealed that soaring rooftop solar in Western Australia is presenting state-owned gentailer Synergy with a quandary, as PV meets expanding volumes of daytime electricity demand while economic hardship is causing record numbers of non-PV households to have their electricity cut off.

Fast increasing power prices in Western Australia are set to feed the already “buoyant” residential PV sector, leading suppliers are reporting. The WA government is winding back electricity subsidies in an attempt to repair the state’s budget.