The Victorian Labor government is providing funding to a new microgrid project in Yackandandah, to help cut energy bills for local residents and help the community achieve their 100% renewable energy target.
Peer-to-peer lender RateSetter has been named the exclusive administrator of the South Australian government’s Home Battery Scheme. Based on a funding deal with the Clean Energy Finance Corporation, RateSetter will offer $100 million in loans in cases when the upfront costs of the home battery system installations are not met by the South Australia government subsidies.
The tipping point, where the world shifts from oil and gas to renewables, will be the year 2035, says Wood Mackenzie. This is when renewables and electric-based technologies converge, with around 20% of global power needs being met by solar or wind, and roughly 20% of miles traveled by cars, trucks, buses and bikes using electricity. Will the transition come soon enough, however?
Analysts at Taiwan-based EnergyTrend and China’s PV Infolink have reported a further increase in demand for monocrystalline solar cells and modules in recent days. Their respective analyses on multi-crystalline products, however, do not match.
With a combined capacity of 667 MW, September has set a new record high for the number of accredited projects in a single month, show the latest data released by the Clean Energy Regulator. Almost all of the new capacity comes from large scale solar.
The $164 million Bomen Solar Farm near Wagga Wagga has been approved by the New South Wales Department of Planning and Environment. Construction is scheduled to begin shortly.
For renewables to claim a more sizable share of the global energy mix, the adoption of energy storage would need to pick up pace and the rapidly increasing size of the EV fleet will offer a scalable way to ramp up such access, says Fitch Solutions.
Australia’s first community battery trial will see a bulk Tesla battery integrated into existing grid and owned and operated by Western Power and Synergy.
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