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.
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.
If re-elected on Saturday, the NSW Coalition will change strata laws to reduce the minimum votes needed to install solar panels, battery storage and electric vehicle charging points in strata buildings. The government has also pledged to give $20 million more funding to the Emerging Energy Program and $10 million in funding for a solar panel and battery recycling program.
The Northern Territory has announced a one-off $2 million program energy efficiency and sustainability funding pool with grants now open to local government councils for a range of projects, including energy storage and renewable energy systems.
After reporting a $45 million loss in its half year results, the troubled renewable energy developer has suffered a new blow. The Western Australia government has terminated the $16 million financial assistance agreement for the Albany wave energy project, noting that unexpected proposal to change Federal Government’s R&D tax incentive scheme contributed to destabilization of the company’s financial position.
Renewable energy had a 64.8% share of electricity generation, according to solar research institute Fraunhofer ISE. The achievement was mainly due to strong production from wind facilities.
In response to the energy sector’s transition from coal to renewables and distributed energy resources, Western Australia’s Labor government says it has started drafting a strategy to deliver a cleaner and more resilient energy supply for decades to come. Coming off the back of the strategy launch, WA’s environment watchdog has announced new and expanding mining and oil and gas projects would face much tougher scrutiny around their emissions. The WA government has moved to distance itself from the proposed emissions rules.
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