The ABC current affairs show, 7.30, aired a segment on the safety standards in the Australian solar industry on Monday May 27. The program reported on the potentially tens of thousands of badly installed and unsafe solar systems on rooftops.
The world of electricity is unrelenting and confusing; from a multitude of energy plans to deciding on which solar system to install. The fast emerging home battery market now introduces another opportunity for homeowners to save thousands. However, not all battery systems are equal – and not all homes are suited to installing a home battery. The wrong home battery advice can cost homeowners thousands of dollars in unnecessary equipment.
With almost 100 GW commissioned in 2018 (the same level as in 2017), the PV market was stable at a global level, writes Becquerel Institute’s Gaëtan Masson. This hides different market developments, as for example the decline of the Chinese PV market from 53 to 45 GW, and growth in other markets. The global market, exempting China, grew from 41 GW in 2016 to 46 GW in 2017, a rather big jump as it reached close to 55 GW in 2018.
Cheaper renewables, technology, reputation, environmental and financial concerns all driving transition.
Australia’s Clean Energy Finance Corporation has invested more than $500 million in 12 climate bond issuances since it began investing in 2012, establishing a leadership position in this rapidly evolving investment channel.
Renewables are the lowest cost, sustainable solution for Australia’s energy policy crisis and potentially one of Australia’s largest export industries of the future.
Let me be clear: as a developer of utility-scale projects, we are very bullish on bifacial. We see bifacial as the next major evolution in solar module technology. Even if bifacial modules trade at a slight premium for the time being, many manufacturers tell us they intend to make even their monofacial panels with bifacial cells. Once they move their production lines over to bifacial, there won’t be a huge marginal cost difference and the prices will equilibrate – as a result, the module market norm will increasingly evolve to bifacial cell and module technology.
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.
Maximilian Schurade, Director of Technical Marketing Support at Hanwha Q Cells shares his thoughts on the solar industries current trends and challenges ahead of speaking at this year’s Smart Energy Conference and Exhibition in Sydney.
It’s no secret that global energy demand continues to rise, with some estimating an increase of a third by 2040. Meanwhile, writes David Green, Research & Analysis Manager for Smart Utilities Infrastructure at IHS Markit, the energy industry is on the cusp of a 100 year change away from oil and coal hydrocarbons towards renewables and natural gas. Every stakeholder in the industry has a role to play in the energy transition, including within the industrial sector which accounts for 50% of global energy consumption.
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