Markets & Policy

A new study led by University of Queensland researchers has revealed that community renewable energy projects are growing in Australia. Falling technology costs are empowering groups of people ordinarily unable to become ‘prosumers’ to get involved in the energy market.

The Energy Security Board released its consultation paper on the National Energy Guarantee at the end of last week. Olivia Kember from clean energy advisory Energetics investigates what the emerging policy details reveal about the policy as a means of facilitating emission reductions and spurring innovation.

Electricity retailer Powershop is dropping the rates for its Victorian customers by 5%, as it adds “a diverse set of renewable generation” to its portfolio. Powershop is the retail arms of New Zealand-based utility Meridian Energy.

The Chilean National Energy Commission will become the country’s first public entity to use Blockchain technology. The new program will begin in March.

Australia’s large-scale and rooftop solar PV sectors now employ over 10,000 people. The findings were published today in Green Energy Market’s Renewable Energy Index for January 2018.

The next decade will see the Asia-Pacific region cement its position as the global leader for the deployment of non-hydro renewables, with over 500 GW of new capacity being added. BMI Research published the finding last week as a part of its Global Renewables Forecast.

The 10 members of the Association of Southeast Asian Nations (ASEAN) are on track to make solar and other renewables account for 23% of the region’s total primary energy supply (TPES) by 2025, but governments will need to create better policy and investment frameworks to make it happen, according to the International Renewable Energy Agency (IRENA).

As the deployment of large scale renewable energy projects picked up the pace in 2017, the 2020 Renewable Energy Target of 33,000 GWh has been put within reach. The Clean Energy Regulator has reported “a healthy surplus” of renewable energy certificates in the Renewable Energy Target market.

Tasked with redirecting electricity generated in industry to households in north Queensland, Australia’s first large scale operating virtual power plant at work has welcomed big industrial players as customers.

Australia is on the cusp of a residential battery storage boom. The Climate Council published the forecast last week in its Fully Charged: Renewables and Storage Powering Australia report. BNEF confirms with pv magazine Australia that as a result of the rapid growth, Australia is alongside Germany as the fastest growing market for residential battery storage.