Markets & Policy

GemLife, which describes itself as “luxury resort living for the over-50s,” has set up its own Virtual Power Plant (VPP), and is set to invest $75 million in coming years to rollout the VPPs across more than 10,000 homes in its property portfolio on Australia’s east coast.

The Clean Energy Regulator has, for the first time, sought to disqualify a solar installer from the small-scale renewable energy scheme (SRES), effectively Australia’s solar rebate program. It has also commenced civil proceedings against a solar and electrical installation company and its two directors.

Wiki-Solar’s latest league table of utility-scale solar project developers shows that only six renewable specialists occupy the top 20 spots.

The Victorian government has signed off on a preferred development plan for the contentious VNI West transmission project that will connect the Victorian and New South Wales electricity grids and promises to unlock upwards of 3.4 GW of new renewable generation capacity.

The world’s largest solar event has expanded to accommodate the remarkable growth of China’s PV industry, which remains unfazed by future oversupply and international competition. Analysts and market players say Chinese PV demand could reach 130 GW.

A consortium led by tech billionaire Mike Cannon-Brookes’ Grok Ventures and including green energy investment manager Quinbrook Infrastructure Partners has been successful in acquiring the giant $35 billion Sun Cable renewable energy project.

Australia’s largest grid-connected urban microgrid has been officially commissioned with a new rooftop solar-powered system atop Swedish homewares giant Ikea’s Adelaide store already delivering more than 70% of the store’s energy needs and providing grid support for the South Australian network.

Solar has been described as the “star performer” by the International Energy Agency which has forecast that global investment in clean energy is on course to rise to $2.61 trillion (USD 1.7 trillion) in 2023, with spending on solar set to eclipse outlays on oil for the first time.

Australia’s push to become a green hydrogen superpower has gained new momentum with the federal and Queensland governments teaming with consortium partners to deliver $117 million (USD 76 million) to progress a 3 GW renewable hydrogen project being developed near Gladstone on the central Queensland coast.

The rise of rooftop solar in Victoria will see all new inverters installed under the state government’s solar and battery rebate programs soon required to be technically capable of remotely updating and enacting dynamic export limits to allow network companies to manage the export of rooftop solar back in to the grid.