Markets & Policy

Energy Security Board Chair, Dr Kerry Schott, says Australia’s NEM is “no longer fit for purpose,” urging governments and market bodies to make “tough, united, decisions” to address lingering problems.

The nation is set to have added 40 GW of solar in 2020 and that figure will rise again this year, to 45-50 GW, according to one of the year’s first industry predictions.

As Christmas lights twinkled their last, South Australia’s electricity grid spent a whole day basking in sunshine and turning towards brisk summer breezes. Renewables ruled — a taste of future feasting on clean energy.

In spite of this year’s tumult, many solar companies’ stock prices have seriously soared – with a number of companies seeing their share price quadruple in the last year.

A mining town in the Northern Territory will be renewed by renewables after a multimillion-dollar cash injection from the Gunner government.

Australia needs an orderly, least-cost, lowest-disruption transition to renewable energy. Set a target. Retire coal. Support displaced workers. Get it done. The Blueprint Institute’s new report is surely 2020’s last logical word in calling the Federal Coalition to action.

The Australian Energy Market Commission’s latest annual Residential Electricity Price Trends report shows costs reducing as renewable build out replaces inefficient coal-fired generation, and more lowest-cost renewable supply is on the way.

Soon 2020 will only be a worry to future high-school history students. But when they ask us if anything good at all happened in 2020, remember this review and tell them that solar PV shone in the darkness. Despite the mess of it all, 2020 has been another good year for Australian solar. The industry has demonstrated resilience, and significant progress has been made in the fields of energy storage, green hydrogen and others.

A small number of utility-scale PV arrays of an entirely different nature are taking shape Down Under. Over the past six years, Aussie solar startup 5B has been developing and deploying its pre-assembled and relocatable Maverick mounting structures “on a shoestring budget.” But with a major solar developer having joined as a strategic investor, the company is now looking to make prefabricated arrays a mainstream option for utility-scale PV.

South Australia could generate five times more renewable energy than the state currently demands by 2050, positioning itself as a national and even international exporter of clean energy. The SA government today released its climate Action Plan, adding to the chorus of state announcements.