Markets & Policy

A new study from the Australian National University shows that a series of pumped storage projects currently in the pipeline across five states could triple Australia’s electricity storage capacity, and pave the way for more solar and wind.

In what is described as Australian first climate bond, which gives investors access to new ways to invest in solar and storage, the Clean Energy Finance Corporation (CEFC) has contributed $10 million towards the latest of FlexiGroup’s green bond issuances. The inclusion of energy storage in the underlying asset base is viewed as an important market development.

The South Korean solar module maker has filed another claim with the Federal Court of Australia against Norwegian solar manufacturer REC Group, as well as PV distributors BayWa r.e. Solar Systems and Sol Distribution, for distributing products that allegedly infringe on its patents.

While renewables continue to do their bit on decarbonizing the energy sector, national emissions, especially in the transport sector, continue to rise amid a lack of any federal or state government limits, The Australia Institute warns. Total renewable supply, including rooftop solar, is at 21.2% of generation from all sources across the NEM, eating into the share once firmly held by coal and gas.

Chinese module manufacturing giant JinkoSolar today published its financial results for the full year 2018. While the company achieved an impressive 16% growth in shipments over the previous year, its total revenue took a 5.4% hit compared to 2017, thanks to falling module prices throughout the year.

The Victorian government is giving smaller solar installers eight months to sign up to the Clean Energy Council’s Solar Retailer Code of Conduct if they want to qualify for the Solar Homes program. For larger retailers, the deadline to become Approved Solar Retailers is July.

The study will evaluate the direct production of cathode powders from mica feed material sourced from mining operations, eliminating the need for cobalt and nickel.

Toyota Australia will transform its former manufacturing site in West Melbourne into a renewable energy hub to produce green hydrogen with the help of funding from the Australian Renewable Energy Agency (ARENA). In other hydrogen-related news, researchers at UNSW Sydney with partners H2Store have received a $3.5 million investment from Providence Asset Group to develop a hydrogen residential storage.

New-generation energy retailer Flow Power will today release figures that show its high-use energy customers have collectively saved $14 million with power purchase agreements since the start of 2018. Such powerful testimony signals a new maturity in Australia’s renewable-energy PPA market.

Things are hotting up in the tracker world as the desire to squeeze down the price per Watt of solar power intensifies. And the rise of the trackers is attracting some well-known businesses to buy their way into the field.