News

In the UK investor’s first deal since entering the Australian marketplace, Octopus Investments and Australian renewables developer Edify Energy have arranged more than $450 million to finance one of Australia’s major PV projects – a 333MW DC (275MW AC) solar farm, which has an approval to be collocated with a 100 MWh energy storage facility at Darlington Point, NSW.

Solar PV is boosting regional economies by providing cheaper electricity to off-grid or edge-of-grid communities and industries; soon it could power cheaper electric aviation services. In three years, Gold Coast company magniX expects to be selling a commercially available certified electric aircraft engine that will reduce the cost of flying light commercial aircraft by between 50% and 80% per operating hour.

After releasing the December quarter update for the 50 MW Kidston Solar Project Stage 1, which showed strong revenues and a big boost in generated power, Sydney-based Genex Power has shared a research paper on the term sheet signed with electricity provider EnergyAustralia for the 250 MW Kidston Stage 2 Pumped Hydro Storage development.

Melbourne University’s Energy Transition Hub has released an update on its popular OpenNEM data tool, adding historical data to the searchable stream of information on where Australia’s energy is coming from, how we use it and what it costs.

SolarEdge has recently purchased an Italian EV system manufacturer, a South Korean battery maker, an Israeli UPS producer, internally developed a virtual power plant grid service, and now they’re working with Google to integrate energy management tools into Google Assistant.

At an energy storage fair in Dusseldorf, researchers will present a ceramic high-temperature battery. Storage costs using sodium-nickel-chloride battery cells are said to be 50% lower than those of lithium-ion.

High solar irradiance and few cloudy days are ideal for solar. Fine dust and extreme heat is not – particularly when it comes to power electronics. As the distributed generation market segment emerges in the MENA region, it’s a challenge that inverter suppliers are grappling with.

Danish renewables investor and asset manager Obton has set up a joint venture with Australian developer Torus with the goal to buy, develop and build solar projects Down Under. With several projects already in its pipeline, the company says it has faith in the market despite policy uncertainty.

Australia’s solar PV capacity additions tripled in 2018, as its rooftop solar fleet continued to set new records high and big PV experienced an unprecedented growth. While stabilization in electricity prices could lead to a slowdown in the rooftop solar segment in all states except Victoria, it is unlikely to result in a noticeable decline in sales in 2019. Large-scale solar PV is in line for over 3 GW this coming year, while small power stations up to 5 MW will also get their time to shine.

In addition to its primary goal of driving down energy bills, the Victoria Labor government’s major push for the rooftop solar deployment across the state in the form of rebates and interest-free loans granted under a $1.24 billion Solar Homes program has had a positive effect on local industry in the brown coal-dominated Latrobe Valley.