Solar PV

More than 11 million PV inverters will be shipped in 2019 alone, and most of these will be connected to a software platform and controlled by the inverter companies. This creates an opportunity for suppliers to create new models and revenue sources, writes Cormac Gilligan, research and analysis manager at IHS Markit. And indeed, in recent years inverter suppliers have been rapidly developing ‘Internet of things’ software platforms to take advantage of this.

Construction has been completed on the Solar Energy Transformation Program (SETuP), which has been touted as Australia’s largest rollout of solar power to remote communities to date.

Building on its existing PV fleet, South Australia’s Flinders University has announced a fresh investment of $1.45 million to source one-third of its electricity needs from solar.

The Port Augusta concentrated solar power project billed as the world’s biggest has ground to a halt. Although it was granted additional time, U.S. firm SolarReserve failed to achieve financial close and proposed selling the 150 MW project to a third party.

From four to 24 hours: before solar and storage, the 160 households on a Philippine had electricity for only four hours each day. This had negative impacts on the economic development of the islands. With support from the ADB, the island inhabitants now have 24 hour supply of clean energy, and new billing methods that suit the economic realities of poorer households.

The Australian Renewable Energy Agency (ARENA) will underpin two innovative distributed energy projects – a trial to integrate a virtual power plant into the National Energy Market and a digital marketplace for grid services provided by rooftop solar arrays, batteries and EVs owned by Australian homes and businesses.

A new report from the Clean Energy Council confirms 2018 shattered all records in terms of investment in renewables and capacity additions. The CEC finds that more than 2.3 GW of new renewable energy projects were completed in 2018. Both large-scale and rooftop solar experienced their best ever year.

Bank of Australia has committed to sourcing 100% renewable electricity by 2020. It has become the second major Australian business to sign up to the global initiative RE100 following in the footsteps of the Commonwealth Bank of Australia.

New global PV additions reached 94.2 GW in 2018, according to the International Renewable Energy Agency (IRENA). Asia is the region with the largest share of cumulative PV capacity, with around 274.6 GW, followed by Europe and North America with 119.3 GW and 55.3 GW, respectively.

In a briefing looking into the renewable energy investment boom, BIS Oxford Economics estimates solar and wind will attract $20 billion of private investment in FY18 and FY19, spread over more than 70 projects. The consultants warn investment will slow beyond 2020 pointing to the upcoming Federal election as critically important for the future of Australia’s renewables pipeline.