Markets & Policy

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.

The Queensland government has laid down regulations for solar farms that will allow only licensed electricians to install or remove PV panels. But the new rules will put hundreds of local jobs at risk and could bring some projects to a standstill, the Clean Energy Council (CEC) has warned.

Hanergy displayed the newest rendition of its 18.7% Thin Film Flat SOLARtile in Australia last week as it gears up for the U.S. and global product launch later in 2019.

Due to the immense success of the program — and with rebates now almost fully subscribed — Solar Victoria will accept a final 2,000 applications before the end of June, the state government has announced. New solar rebates will be available in the next financial year.

More than 11 million PV inverters will be shipped in 2019 alone, and most of these will be connected to a software platform and controlled by the inverter companies. This creates an opportunity for suppliers to create new models and revenue sources, writes Cormac Gilligan, research and analysis manager at IHS Markit. And indeed, in recent years inverter suppliers have been rapidly developing ‘Internet of things’ software platforms to take advantage of this.