Markets & Policy

The source of series of pioneering PV technologies is set to become 100% solar powered. The University of New South Wales (UNSW) has announced the signing of a PPA that will see it procure all of its electricity from the 200 MW Sunraysia Solar Farm in rural New South Wales.

All forms of renewable energy will be cost competitive with traditional generation sources by 2020. This was one of the key findings in the latest report from the International Renewable Energy Agency (IRENA). It was delivered yesterday at IRENA’s 8th annual Assembly in Abu Dhabi.

China was the global leader in 2017 clean energy investment, says a new report. On the solar front, the country accounts for 60% of all cell production; and will continue to lead installation developments for at least the next five years. New 2020 targets are expected to be set. In the battery arena, Chinese companies are also set to dominate.

AEMO has revealed that soaring rooftop solar in Western Australia is presenting state-owned gentailer Synergy with a quandary, as PV meets expanding volumes of daytime electricity demand while economic hardship is causing record numbers of non-PV households to have their electricity cut off.

The PV-powered Byron Bay Railway is facing a legal challenge, which threatens to shut down the 3km tourist train only six months after its opening.

A recent article in Bloomberg View illustrates clearly the mythology and misinformation that abounds regarding renewable energy, which in many cases is spread by the media.

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.

The Clean Energy Finance Corporation (CEFC) is continuing to foster utility scale PV growth in Queensland, providing $55 million in non-recourse project finance to the Oakey 2 Solar Farm. Canadian Solar will supply modules for the project and will also serve as EPC.

Australians continue to see fostering solar PV, wind and other renewables as the leading environmental issue. And that a national renewable energy target is the best policy mechanism to do it.

Looking back on an unprecedented year for Australia’s renewables sector, when it was never far from mainstream headlines, 2017 may very well be the watershed year for the industry. And it is the states, rather than the federal government, which have taken the lead.