Deutsche Bank says solar market is massive, will generate $5 trillion in revenue by 2030. It describes solar plus storage as next the killer app, and says even in India will be 25% solar by 2022.
Major Gulf bank says oil cannot compete against latest solar prices, even at $10/barrel. It predicts massive investment in solar and wind in coming years, as Gulf region seeks to become centre for renewable financing and technology development, and as the oil industry fades.
Australia’s biggest two utilities have decided they want to own the rooftop solar on homes and business, and maybe the storage and EVs too. RE interviews the executives behind the strategies, and their attempts to switch from a centralised model to a distributed future.
The Abbott government may be in its death throes, but it is still determined to do as much damage to the renewable energy industry as it can. It still wants to cut the RET by one third, and dump agencies such as the CEFC and ARENA, and now it is targeting solar.
Infigen calls bluff on utility threats to “boycott” renewable energy, but suggests corporate Australia may fill the gap if retailers don’t contract new wind and solar farms. Meanwhile, the market turns positive on renewables, even if the government is still stalling on the RET, while Infigen turns focus to the US solar market.
New study says policy makers and energy planners still underestimating cost potential of solar. It says that within in a decade, it will be cheapest form of power and will fall to 2c/kWh.
Could 2015 be the year the ‘dam of denial’ blocking climate action breaks? If it is, it won’t be due to politics, but to the market waking up to the economic threat posed by climate change and the economic opportunity in the inevitable decline of fossil fuels.
Green Tea, anyone? A new branch of America’s Tea Party shows a growing number of US Conservatives ‘get’ renewables – particularly solar – and believe in the energy revolution that will turn old market models on their heads. So where are Australia’s renewable energy conservatives hiding?
Australia should have longed been a leader in utility scale solar, but has been blocked by the fossil fuel industry and poor policy. Now there are signs that large scale solar is about to take off – both at the “mega” project level and in smaller, localised projects.
Origin Energy says its ‘view of electricity markets has changed a little bit,’ signals retail market shift to solar and storage, and increased interest in utility-scale solar.
Solar households are getting a lousy price for their solar exports, and Australian corporates have yet to step up and sign off-take agreements for large scale solar farms. That could change, if the banks decided to get involved and cut out the middle man.