Surging WA power prices to feed PV demand
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.
IHS Markit: Global solar installations to pass 100 GW in 2018
Market analyst IHS Markit has issued its first forecast for 2018 installations. It expects the global market to surpass the 100 GW mark for the first time ever, hitting 108 GW.
Australia welcomes formal creation of International Solar Alliance
As it officially came into force on Wednesday, the International Solar Alliance was welcomed by Australia, one of its 19 founding members.
European PV market expected to grow by 35% in 2018 – GTM Research
European countries such as France, Germany, the Netherlands and Spain are all forecast to be gigawatt-scale markets in 2018. Globally, around 606 GW of new PV capacity is forecast to be installed between 2017 and 2022.
Australia’s North Territory backs 50% renewables plan, to boost home solar and batteries
The Northern Territory government has given broad support to a plan to transition the territory to 50 per cent renewable energy by 2030, and announced new funding for rooftop solar and grid upgrades, after the release of a Roadmap to Renewables report on Monday.
BNEF: China to install 54 GW in 2017
According to a newly released forecast by Bloomberg New Energy Finance, China is likely to install up to 54 GW of solar PV before the year is out, surpassing previous expectations.
Carmichael coal mine failure could bring down Adani Enterprises
While known in the global solar sector as an Indian PV leader, if Adani Enterprises’ proposed Carmichael coal mine fails so too could the company. Analyst Tim Buckley says that if the coal mega project cannot be financed and has to be written off or sold cheaply, the company’s debt would be three times larger than the value of its assets.
RES reaches financial close on 68 MW PV plant in Queensland
RES Australia has announced financial close on the Emerald Solar Park, a 68 MW PV project to be located in the Central Highlands region of Queensland. The project is the first in Australia to be supported by a PPA with a corporate off-taker.
Solar costs will fall 60% over next decade to fuel PV adoption, says IRENA head
The International Renewable Energy Agency (IRENA) forecasts as much as 90 GW of new solar additions annually across the globe over the next few years, driving a 60% reduction in costs.
VRET passed into law
The Victorian Andrews Labor Government’s Renewable Energy Target (RET) has passed into law. The move mandates 25% of the state’s electricity is to be sourced from renewables by 2020 and 40% by 2025.
