As data drifts in, 2018 is shaping up to have been a record-breaking year for battery energy storage, writes IHS Markit senior analyst Julian Jansen. Especially for front-of-the-meter projects, which experienced rapid growth. This growth was led by significant activity in South Korea, the United Kingdom, the United States, Australia, and China, which together accounted for 78% of battery energy storage projects commissioned in 2018, according to the Q4 2018 edition of the IHS Markit “Energy Storage Company and Project Database.”
IEEFA supports new bill prohibiting the opening up of thermal coal mining in Queensland’s Galilee Basin
As 2018 draws to a close, it is worth reflecting on another extraordinary year for the Australian renewable energy industry.
We owe a lot to John Howard. He may not have realised it in May 2007, but when he doubled the Photovoltaic Rebate Program value to $8000, our second longest serving prime minister set in motion a chain of events that would lead to Australia hosting 2 million rooftop solar power systems.
Coal miner Glencore is failing investors in its latest forecasts.
While much has been made of the ‘trilemma’ facing the Australia electricity network, Ray Wills from Future Smart Strategies argues that rapid change of energy technology, business models and social changes is resulting in rapid and difficult-to-predict changes.
As the deployment of renewable energy continues to expand around the world, driven by various inputs, such as capital allocation and investment, falling capital costs, competitive LCOE and various policy mechanisms, we are now moving towards a new era for renewable energy. ‘Renewables 2.0’ will have significant, wide-ranging consequences for all market players, as regulators reduce their support and power producers seek new revenue models. In this article, Duncan Ritchie, partner at Apricum – The Cleantech Advisory, will look at the key market developments for renewables, explode the myth of grid parity, highlight the need for flexibility and explain the importance of new financing solutions that are capable of meeting the new complexities brought about by ‘Renewables 2.0’.
Heath Frewin, the Head of Distribution at Energy Networks Australia sets out the “growing ethical dilemma” brought on by rising rooftop solar adoption.
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