Solar could meet approximately 68% of global energy demand with other renewables making up the rest, according to a new report. A 100% renewable energy system could also create 22 million solar jobs by 2050, the study claims. Keeping global warming below 1.5 degrees C, though, would require FITs for projects up to 40 MW in capacity, auctions for bigger systems, removing fossil fuel and nuclear subsidies and providing more education and R&D and less red tape.
German battery maker sonnen is following its takeover by Shell with plans to expand its market reach. It says it will use the opportunity to jointly push the energy transition. With an eye on sustainability, sonnen has launched an industry-wide initiative to push cobalt-free lithium-ion batteries for home storage systems.
The Queensland government has laid down regulations for solar farms that will allow only licensed electricians to install or remove PV panels. But the new rules will put hundreds of local jobs at risk and could bring some projects to a standstill, the Clean Energy Council (CEC) has warned.
Hanergy displayed the newest rendition of its 18.7% Thin Film Flat SOLARtile in Australia last week as it gears up for the U.S. and global product launch later in 2019.
More than 11 million PV inverters will be shipped in 2019 alone, and most of these will be connected to a software platform and controlled by the inverter companies. This creates an opportunity for suppliers to create new models and revenue sources, writes Cormac Gilligan, research and analysis manager at IHS Markit. And indeed, in recent years inverter suppliers have been rapidly developing ‘Internet of things’ software platforms to take advantage of this.
An online platform to connect medium to small-scale solar energy producers with independent electricity buyers will launch in the coming months in South Australia.
New global PV additions reached 94.2 GW in 2018, according to the International Renewable Energy Agency (IRENA). Asia is the region with the largest share of cumulative PV capacity, with around 274.6 GW, followed by Europe and North America with 119.3 GW and 55.3 GW, respectively.
In a briefing looking into the renewable energy investment boom, BIS Oxford Economics estimates solar and wind will attract $20 billion of private investment in FY18 and FY19, spread over more than 70 projects. The consultants warn investment will slow beyond 2020 pointing to the upcoming Federal election as critically important for the future of Australia’s renewables pipeline.
Following the decision to require retailers taking part in the Solar Homes program to be signatories to the Clean Energy Council’s Solar Retailer Code of Conduct, the Victorian government has set specific requirements for inverters that will be installed under the program.
Solar has grown so much that its output exceeded brown coal and gas over the summer months, between 9am to 5pm. New analysis by Green Energy Markets shows that across the whole of summer, renewable energy produced 128% more megawatt-hours of electricity than gas and 23% more than brown coal.
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