Inverter suppliers go digital
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.
Energy platform connects small solar farms with buyers
An online platform to connect medium to small-scale solar energy producers with independent electricity buyers will launch in the coming months in South Australia.
Northern Territory rolls out 10 MW of PV to power remote communities
Construction has been completed on the Solar Energy Transformation Program (SETuP), which has been touted as Australia’s largest rollout of solar power to remote communities to date.
Flinders University to roll out more solar on rooftops, shelters and walkways
Building on its existing PV fleet, South Australia’s Flinders University has announced a fresh investment of $1.45 million to source one-third of its electricity needs from solar.
SolarReserve fails to secure funding for Aurora solar thermal plant
The Port Augusta concentrated solar power project billed as the world’s biggest has ground to a halt. Although it was granted additional time, U.S. firm SolarReserve failed to achieve financial close and proposed selling the 150 MW project to a third party.
AEMO’s VPP integration trial, decentralized energy exchange secure funding
The Australian Renewable Energy Agency (ARENA) will underpin two innovative distributed energy projects – a trial to integrate a virtual power plant into the National Energy Market and a digital marketplace for grid services provided by rooftop solar arrays, batteries and EVs owned by Australian homes and businesses.
U.S. trade authorities to investigate Jinko, LONGi, REC cells
The ITC will look at cells made by LONGi, JinkoSolar and REC Group, based on claims by Hanwha Q Cells that the companies have infringed on its PERC technology.
2018 smashed renewables records across the board, CEC finds
A new report from the Clean Energy Council confirms 2018 shattered all records in terms of investment in renewables and capacity additions. The CEC finds that more than 2.3 GW of new renewable energy projects were completed in 2018. Both large-scale and rooftop solar experienced their best ever year.
ING to lend $37m to Sunseap to build 50 MW in Asia
The Dutch banking group will serve as sole mandated lead arranger for the S$50 million loan. A unit of Singapore-based developer Sunseap will use the funds to build a 50 MW portfolio of rooftop PV projects.
Budget 2019 reveals cuts to climate fund
One of the main pillars of the Coalition government’s climate policy, the $2 billion Climate Solutions Fund, has undergone unexpected changes in the final 2019 budget. While the government previously pledged to spend $2 billion over the next 10 years to help ensure Australia meets its emissions target under the Paris Agreement, the budget has revealed that the funding will be spread over 15 years, cutting the amount spent annually by more than 30%.
