Markets

A new report published by business consultants Frost & Sullivan expects around 90 GW of new solar installations by the end of 2018, in line with the predictions of other leading analysts. It further notes that PV remains the world leader in renewable energy capacity, and that markets are moving away from feed-in tariffs to make increasing use of auction models and private PPAs.

While much has been made of the ‘trilemma’ facing the Australia electricity network, Ray Wills from Future Smart Strategies argues that rapid change of energy technology, business models and social changes is resulting in rapid and difficult-to-predict changes.

At first glance, the European PV conference last week has confirmed the widespread view that the upswing of monocrystalline technology will accelerate. But a closer look reveals that multicrystalline solar cells are still in the game.

Despite lowering its 2018 sales and earning guidance, the German solar PV inverter manufacturer is moving forward with solutions, and is now looking to introduce a new three-phase string inverter to the Australian market. SMA says Australia has become one of its key PV markets.

Despite the change in its leadership, AGL Energy has restated its commitment to moving away from coal, describing it as a decision driven by economics and safety, rather than ideology.

As the deployment of renewable energy continues to expand around the world, driven by various inputs, such as capital allocation and investment, falling capital costs, competitive LCOE and various policy mechanisms, we are now moving towards a new era for renewable energy. ‘Renewables 2.0’ will have significant, wide-ranging consequences for all market players, as regulators reduce their support and power producers seek new revenue models. In this article, Duncan Ritchie, partner at Apricum – The Cleantech Advisory, will look at the key market developments for renewables, explode the myth of grid parity, highlight the need for flexibility and explain the importance of new financing solutions that are capable of meeting the new complexities brought about by ‘Renewables 2.0’.

With its license to sell electricity in Victoria still at risk after failing to provide performance data to the state energy regulator, AGL Energy has been hit with a record penalty for breaching its obligations under Victoria’s energy efficiency scheme.

U.S. firm SolarReserve is moving on its massive solar thermal plant project in South Australia having signed a memorandum of understanding with local outfit Heliostat SA.

With enough large-scale projects under construction or already built to meet the 2020 Renewable Energy Target, the Clean Energy Regulator keeps tracking the progress across the market, as the development pipeline nears the 9 GW threshold.

Marubeni has revealed plans to halve its 3 GW global coal-fired power portfolio by 2030, and double its holdings of renewable energy within the next five years.