Markets

Late 2018 saw the Australian Youth Climate Coalition and Community Power Agency publish a comprehensive plan to power New South Wales and Victorian high schools with 100% renewable energy. Tomorrow, Australian high-school students in most states return to their classrooms with extreme summer weather fresh in their memories. Many will have climate change and energy transition on their minds.

The South Australian government has released an update on the energy storage uptake under the nation’s biggest home battery rebate scheme. With a total of 101 batteries already installed and more than 500 households now in line for installation, a further influx of applications is expected as public awareness builds.

According to the Taiwanese analysts, JA Solar was number two, followed by Hanwha Q-Cells and Trina Solar in joint third. The ten largest module makers met around 70% of demand, with 66 GW of shipments.

Japanese industrial giant Sumitomo Corporation has fully acquired Infinite Energy, Western Australia’s solar installer and electricity retailer, thus expanding on its local coal-focused portfolio.

Over 70,000 Australian households will install battery storage in 2019, according to the Bloomberg New Energy Finance (BNEF). With the nation’s storage demand set to triple, Australia is forecast to make up 30% of global demand this year.

Having welcomed Sol Distribution on board, Norwegian solar manufacturer REC Group hopes to expand its presence in Australia, which it sees as its key market in the APAC region.

The world’s biggest solar market reached a cumulative installed PV capacity of 174.63 GW at the end of last year.

With more than 360 power stations accredited with a cumulative capacity of 3,376 MW, the Clean Energy Regulator says 2018 was a record year for Australia’s large-scale renewable capacity additions.

Danish renewables investor and asset manager Obton has set up a joint venture with Australian developer Torus with the goal to buy, develop and build solar projects Down Under. With several projects already in its pipeline, the company says it has faith in the market despite policy uncertainty.

Australia’s solar PV capacity additions tripled in 2018, as its rooftop solar fleet continued to set new records high and big PV experienced an unprecedented growth. While stabilization in electricity prices could lead to a slowdown in the rooftop solar segment in all states except Victoria, it is unlikely to result in a noticeable decline in sales in 2019. Large-scale solar PV is in line for over 3 GW this coming year, while small power stations up to 5 MW will also get their time to shine.