Markets & Policy

Rooftop solar remained the biggest employer in the Australian renewable energy sector last financial year, but it was large-scale solar PV that stole the limelight as it emerged as the second largest contributor of direct full-time jobs.

The world had more than half a terawatt of PV generation capacity at the end of last year as emerging solar markets picked up the slack caused by Beijing’s subsidy about-turn to the tune of a 20% rise in installations outside China.

In a major shift towards owning renewable energy generation assets, electricity network infrastructure owner Spark Infrastructure has fully acquired the 120 MW Bomen Solar Farm in NSW. The project has inked a power purchase agreement with Westpac, which marks a big step towards its goal of sourcing 100% renewable electricity by 2025.

The state grid operator reported breaking 11 GW of instantaneous power from large scale solar on Saturday at 1.50pm. Just 20 minutes earlier, the CAISO grid was exporting a record 1.5 GW of electricity, and last Wednesday it hit 93% clean electricity for a moment.

Solar could meet approximately 68% of global energy demand with other renewables making up the rest, according to a new report. A 100% renewable energy system could also create 22 million solar jobs by 2050, the study claims. Keeping global warming below 1.5 degrees C, though, would require FITs for projects up to 40 MW in capacity, auctions for bigger systems, removing fossil fuel and nuclear subsidies and providing more education and R&D and less red tape.

Significant progress has been reported on the feasibility study which aims to progress the establishment of a 15 GWh lithium-ion battery factory in Townsville. The study is conducted by the Imperium3 Townsville consortium.

First-quarter data from Green Energy Markets shows double the uptake of small-scale rooftop solar on the same period last year as record numbers of residential and business consumers seek to reduce their electricity bills. The tendency for installations to increase toward year end suggests that more than 2 GW of solar will hit the rooftop tiles this year. How could this become a cautionary tale?

German battery maker sonnen is following its takeover by Shell with plans to expand its market reach. It says it will use the opportunity to jointly push the energy transition. With an eye on sustainability, sonnen has launched an industry-wide initiative to push cobalt-free lithium-ion batteries for home storage systems.

The Australian supermarket giant is issuing green bonds to fund the development of low-carbon supermarkets and the installation of solar at its stores and distribution centres.

The Perth-based Future Battery Industries Cooperative Research Centre (FBICRC) will address industry-identified gaps in the battery industry value chain, support battery deployment and optimise the circular economy for battery recycling.