Against the backdrop of a mature rooftop solar market and a booming commercial and industrial solar sector, Australia has a competitive but vibrant solar retailer and installation market. However, not all have prospered and a prominent player has exited the market.
Chinese module manufacturer Trina Solar has launched its “all-in-one“ kit in Australia targeting the rooftop solar segment. Its expectations of the Aussie market are high, as the company continues to pursue overseas expansion to ride out the China government policy shake-up.
By 2021, solar will become one of the most dominant power sources over peak daytime periods, accounting for around a quarter of the National Electricity Market’s power, shows new analysis by Green Energy Markets. The report underlines that solar is currently reducing expensive demand peaks, and is not close to exceeding demand as certain media reports have suggested.
Melbourne-based energy tech startup GreenSync has officially launched the Decentralized Energy Exchange (deX), a digital marketplace for grid services provided by rooftop solar arrays, battery storage and EVs owned by Australian homes and businesses.
The NSW government has announced a $15 million solar scheme, which will put free solar PV systems on up to 3,400 low-income households provided they forgo their energy rebate.
Owing to its state-based renewable energy initiatives, Victoria is in the box seat to create more than 6,000 jobs annually, shows a new analysis released by Green Energy Markets. Overall, renewable energy generation managed to exceed 25% of power supply for the first time across Australia’s main grids.
Rooftop solar is popular in the Australian community. But it may not always be the case. If solar and, in particular, battery storage systems are sold with inflated claims, or are non-code compliant, public support could be undermined – delivering momentum to politicians keen to scrap the SRES. An important message from BayWa r.e. Solar Solutions Managing Director Durmus Yildiz.
Applications have officially opened for 50% rebates on rooftop solar installations under the Victorian government’s Solar Homes program, announced just weeks ago. The subsidies will be available until 30 June next year.
AGL has announced it will no longer install solar panels on homes, a decision which has brought with it a $47 million loss.
By keeping up the current rate of solar PV and wind deployment, Australia is forecast to comfortably exceed the 2020 RET of 33,000 GWh, achieve 26% emissions reduction by 2020/21 and meet its Paris greenhouse emissions target in 2024/25, shows new analysis by the Australian National University (ANU). In 2018 and 2019 combined, over 10 GW of renewable energy could be installed.
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