The cost of solar power generation in India has fallen to half the level seen in many other markets in the region due to extensive solar resource, market scale and competition. In Australia, solar is expected to break through the coal-fired electricity price barrier next year, when its cost falls to US$48/MWh, WoodMac finds.
With miners around globe stepping up their production capacities to cater to the demand of the electro-mobility and energy storage sectors, supply has outpaced demand leading to a steep decline in lithium prices. Amid slowing growth in China, a number of Australian lithium miners are hurting.
The Australia Institute’s ‘National Energy Emissions Audit Electricity Update’ for July shows solar and wind generation is growing fastest in New South Wales, closely followed by Victoria; and it offers an historical twist on the country’s energy transition.
The UK is leaping ahead in its deployment of electric-vehicle charge infrastructure. Box Energi has chosen Australia’s Tritium Veefil-RT technology to double refill sites around the UK, boosting not only charge accessibility and driving range, but confidence in emissions-free commuting and touring.
Large scale solar PV farm cleaners Australian Solar Maintenance (ASM) are putting Bazza, Gazza and Sheila to work – custom tractors they reckon can boost solar yields at sites heavily impacted by soiling.
South Australia’s virtual power plant is nearing the potential Phase 3, which could see 50,000 homes connected becoming the equivalent of a 250 MW network of decentralized power generating units.
As it transitions from a wind-dominated renewable energy mix to include a wider range of energy options such as large-scale PV, pumped hydro and battery storage projects, South Australia is considering new planning policies.
The Independent Planning Commission has approved a $94 million solar project near Gunnedah in New South Wales, under some added conditions.
The Victorian Labor Government announced in August last year a $1.3 billion “Solar Homes” package to assist homeowners in installing solar PV systems. The scheme will be offered to 770,000 Victorian households for the next 10 years and is in addition to the Federal STC ‘rebate’.
With an electricity sector policy vacuum on a federal level, and grid constraints facing large scale PV project developers, there are ample reasons to be pessimistic about Australia’s solar-fueled energy transition. Indigo Power Co-founder Cam Klose says that many promising developments are rather taking place on the ‘distributed’ level and beyond the big cities – with Yackandandah leading the way.
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