Solar PV

Following Carnegie Clean Energy’s voluntary administration, the administrators have revealed the bids its solar microgrid arm managed to attract. Meanwhile, a plan to restructure the company’s core wave power business has been approved by creditors, along with a decision to liquidate the EMC business.

Works have been launched on the 64 MW solar farm is the Darling Downs region. Once completed, the project could make the University of Queensland the world’s first university to offset 100% of its electricity needs from its own renewable energy asset.

Rooftop solar remained the biggest employer in the Australian renewable energy sector last financial year, but it was large-scale solar PV that stole the limelight as it emerged as the second largest contributor of direct full-time jobs.

The world had more than half a terawatt of PV generation capacity at the end of last year as emerging solar markets picked up the slack caused by Beijing’s subsidy about-turn to the tune of a 20% rise in installations outside China.

Solar could meet approximately 68% of global energy demand with other renewables making up the rest, according to a new report. A 100% renewable energy system could also create 22 million solar jobs by 2050, the study claims. Keeping global warming below 1.5 degrees C, though, would require FITs for projects up to 40 MW in capacity, auctions for bigger systems, removing fossil fuel and nuclear subsidies and providing more education and R&D and less red tape.

Significant progress has been reported on the feasibility study which aims to progress the establishment of a 15 GWh lithium-ion battery factory in Townsville. The study is conducted by the Imperium3 Townsville consortium.

The University of New South Wales (UNSW), the birthplace of pioneering PV technologies, is now developing another innovative solution: a large-scale hybrid energy storage that will combine lithium-ion batteries and hydrogen fuel cells. The first system will be installed at Risen Energy’s 121 MW Yarranlea Solar Farm in Queensland.

Australian researchers are developing short-term weather forecasts for solar farms to help them precisely predict output as little as five minutes in advance.

Spanish developer Fotowatio Renewable Ventures (FRV) has announced that its latest operational project in Australia, the 100 MW Lilyvale solar plant, is now up and running. FRV’s parent says it is strategically investing US$900 million throughout the world in 2019 to increase its installed capacity to 5.8 GW by 2024.

The Australian supermarket giant is issuing green bonds to fund the development of low-carbon supermarkets and the installation of solar at its stores and distribution centres.