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Markets & Policy

NSW, Victorian hospitals turn to solar for lower power bills

Dozens of hospitals across Victoria and New South Wales are installing solar to slash their greenhouse emissions and electricity costs. In NSW, another four hospitals have received government funding to install solar panels, while the number of Victorian solar-powered health centers continues to rise.

Fortescue invests in solar-gas-battery project to power its Pilbara operations

Resources giant Fortescue Metals will invest $US450 million ($668 million) in the next stage of its Pilbara Energy Connect program to combine 150 MW of gas-fired generation, 150 MW of solar PV and a grid-scale battery. The hybrid generation project will provide low cost power to the Iron Bridge magnetite project currently under construction.

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A record-breaking quarter for Tesla energy storage and an improvement in solar

The internet’s favorite energy company installed 530 megawatt-hours of battery storage in Q4, beating out the previous record, set last quarter, as well as showing continued improvement in solar installations.

Australia’s first Tesla Powerwall four years on

Sydney’s Nick Pfitzner was the first Australian to install a Tesla Powerwall to go with their residential solar PV system. Four years on and the Pfitzners are living the solar + battery dream.

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South Australia’s Home Battery Scheme now open to new builds

The SA Government’s standout Home Battery Scheme is now open to new home buyers and new builds. The expanded Scheme is already off to a flying start with the Stoddart Group promising to install 10,000 solar and battery systems over the next four years to create one of the world’s largest VPPs.

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Global corporations set new record contracting 19.5 GW of wind and solar projects

Corporations contracted a record amount of wind and solar energy through power purchase agreements in 2019, up more than 40% from the previous year’s record, says a new report from BloombergNEF. The bulk of this purchasing occurred in the U.S. with tech companies and oil and gas majors leading the charge. In Australia, onsite solar projects delivering power to corporations nearly doubled to 1GW.

New giant battery creates base for more renewables in Queensland

Singapore-based developer Vena Energy has announced that it will soon begin construction of Queensland’s largest grid-scale battery near Wandoan in the Western Downs. The 100 MW/150 MWh project will be delivered under a 15-year power purchase agreement with Australia’s biggest power producer, AGL.

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ARENA in desperate need of funding lifeline says Australia Institute

The Australian Renewable Energy Agency (ARENA) is in desperate need of a short-term funding extension as its funds to allocate to new projects is set to dry up by mid-2020. The Australia Institute has published a discussion paper urging the Morrison Government to legislate.

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What lies ahead for the NEM in 2020? Some lessons from 2019

After a leisurely break over the holiday period, I have returned to my desk to get right back into the analysis of what I think will be a pretty exciting year for the NEM. Connection difficulties, commissioning delays and stubbornly high storage costs point to uncertainty on the supply side, while strong rooftop uptake continues to whittle out daytime operational demand.

How good is solar farming?

The breadth and depth of detail in the GSD2019 (to be released today) reveals any number of important insights into the supply side of the NEM. One theme that stood out for me as I reviewed the data was the set of challenges facing the NEM’s most recent crop of new entrant generators – utility-scale solar farms – as they come to grips with the messy reality of the electricity market.

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