Solar cell technology developed by University of NSW is to become industry standard within 5 years and will boost in cell efficiency and another big fall in costs. Another reminder why Australia is one of four countries leading the global transition to solar energy.
The PM says he can imagine a future where the world no longer uses fossil fuels, but only once every tonne of coal and every molecule of gas has been burned. He expressed this vision while launching the Agricultural Competitive White Paper – a document that all but ignores climate change, again.
Australia’s solar revolution is deemed “unstoppable”, but incumbent utilities are doing everything they can to slow it down: pushing up fixed charges, hiking metering fees, cutting solar tariffs, adding charges to solar households, and introducing tariffs that are not really cost reflective.
South Australia looks to install battery storage in parliament house, museums and art galleries, and up to 150 other buildings including schools and railway stations, as it looks to become a leader in energy storage as well as wind and solar.
The flight of Solar Impulse is a tale of sheer inspiration and daring in the clean energy space; why solar households smarter and more mobile than normal energy consumers; and a hollow “victory” for US coal on mercury emissions.
The Australian Energy Market Operator says three out of four households adding solar in the next 20 years in NSW will also add battery storage, but Victoria will lead the way in total capacity. Installations will flow despite slow payback estimates. The net benefit of reducing maximum demand on the grid will be significant.
A $450m Victoria wind project gets financial go-ahead one day after RET legislation passed, as federal government waives through another major wind project and more wind farms rush to secure financing.
Australians are predicted to install more than 37,000MW of battery storage over next 25 years, but who will pay for it and why? Even the big utilities are struggling to find a business model that fits.
Bloomberg New Energy Finance says consumers will provide more than half of Australia’s electricity needs by 2040, with 37GW of rooftop solar, and 33GW of battery storage. This reflects a global trend. Centralised generation will be in decline, but it will still take a lot to kick last coal generators out of the market.
Q&A highlighted why Abbott has got it wrong on energy. An ideology that promotes coal, nuclear and centralised systems, over solar, wind and mini-grids is likely to be an expensive boondoggle. And new reports suggest the pace of change will be even quicker than thought.