SA network operator dares to go where Qld and WA governments feared to tread – higher network charges for solar households. The network justifies this by changing demand profiles, but will also look to shift hot water and pool pump use to daytime to make up for lost demand caused by PV production.
AGL Energy sets out an ambitious solar target for its new energy division, but continues to hedge its bets between future technology and ageing fossil fuel generation.
Grattan Institute reports makes some valid comments on how to regulate a grid dominated by solar and storage. But in seeking cheap headlines it has buried the important bits by making wrong assumptions about the costs and benefits of solar. Will the industry ever learn?
AGL Energy says its first battery storage offering for consumers will be available in Queensland next month, but it won’t be the Tesla Powerwall, which it judges to be too small for the Australian market. Instead, it is now installing a 7.2kWh product.
Canadian Solar, one of the big three solar manufacturers, says solar PV costs to fall 25% in three years as module efficiencies improve.
AGL’s new boss is due to unveil a strategic update in the Hunter Valley next week. Staff have been crunching numbers on splitting off fossil generators. At the very least writedowns are expected, along with a clearer vision for solar and storage.
Morgan Stanley says battery storage market could be worth $24bn, with half of all homes interested. It says Tesla Powerwall will deliver paybacks of 6 years or less in some states, and that is bad news for major utilities, whose earnings will be impacted. (Does not require subscription).
Tasmania looks to fast-track uptake of electric vehicles to boost its credentials as a green manufacturing hub; replacing old industries and exporting clean energy back to the mainland. It could end up totally renewable – in both electricity and transport – if the government seizes the initiative.
Large scale wind and solar projects will now compete for contracts and finance after Coalition and Labor finally agreed on a much reduced renewable energy target, hopefully ending a near two-year investment drought.
Australia has the cheapest solar in the world, and will now become the world’s test site for battery storage. Enphase predicts that at least 100,000 homes in Australia will have storage by 2020, which is why it is launching its product here in 2016.