Markets & Policy

Solar has grown so much that its output exceeded brown coal and gas over the summer months, between 9am to 5pm. New analysis by Green Energy Markets shows that across the whole of summer, renewable energy produced 128% more megawatt-hours of electricity than gas and 23% more than brown coal.

Google, Walmart, Facebook and GM and more than 200 companies with combined revenues of over $1 trillion have joined together under the Renewable Energy Buyers Alliance, and have set a goal to bring 60 GW of renewable energy online by 2025.

Green hydrogen has been exported from Australia to Japan, under a trial executed by researchers from JXTG, Japan’s largest petroleum conglomerate, using Queensland University of Technology’s cutting-edge solar cell facility at the Redlands Research Facility on the Gold Coast. On top of that, the Queensland government has announced $250,000 in funding towards the establishment a renewable hydrogen production pilot plant.

The German inverter producer’s sales also fell significantly in the past financial year. With its cost reduction program, SMA is now eager to orchestrate a turnaround, but its first-quarter guidance still shows a sustained downward trend.

The Coalition government has announced funding to support up to 50 off-grid and fringe-of-grid feasibility studies investigating whether building a microgrid can be a cost-effective solution. The studies will also look at whether existing off-grid capabilities can be upgraded with more up-to-date technology.

In the lead-up to the NSW election last Saturday, the difference between Labor and Liberal candidates’ support for renewable energy was stark. Now as the State waits for Gladys Berejiklian to form a cabinet, the planned large-scale renewables pipeline — some 16 GW of solar, wind and battery assets — begs for a co-ordinated approach to connection and distribution of the state’s future sources of power and prosperity.

New polling from The Australia Institute shows that almost 70% of South Australian voters regardless of political leanings want to see the state transition to 100% renewable energy by the year 2030.

Mining and metals company Element 25 has obtained funding from the Australian Renewable Energy Agency (ARENA) to evaluate manganese production powered by wind and solar energy. By increasing renewable energy penetration potentially up to 90%, the company is set to improve the economics of its production process.

The Coalition government has shortlisted 12 projects that could be eligible for taxpayer underwriting, and allocated $10 million to study the best way to meet the demand of energy-intensive industries in north and central Queensland. While there is no new coal among the shortlisted projects, the feasibility study promises to examine whether a new coal plant is viable in Collinsville.

Proposed marginal loss factors (MLFs) will result in six utility scale solar projects receiving a 10% or more reduction in revenues, at current prices and if imposed as proposed by AEMO. Worsening MLFs add to mounting pressures for large scale PV project developers in 2019.