Deutsch Bank becomes latest to revise up its near-term global solar forecast, off the back of further reduction in costs and a potential post-Trump “gold rush” in the US market.
A bulk-buy tender by big industrial users – fed up with soaring cost of electricity in South Australia, and the power of retailers – could open door to wind and solar and kick-start the corporate market for large-scale renewables in Australia.
Just how long can the Australian government and gas industry continue the charade that there might be a solution to surging domestic gas prices? It beggars belief that business is not following lead of households and smaller commercial users and investing in cheap and cleaner alternatives for power and heat.
SolarQ – comprising fossil fuel industry veterans – plans huge solar farm and battery storage in Queensland in yet another sign that the industry is looking to new technologies to solve old problems. The solar and storage will effectively replace gas peaking plant and deal with massive “flex” in local demand.
A year ago, NSW was considered the worst place to invest in wind and solar energy in the country. Now the Coalition state government has a plan that could rival Labor states in its ambition.
Despite the bravado of the fossil fuel apologists, the tide to clean energy is turning. Seven events in the past two months highlight the significant and unstoppable transformation that is occurring in our energy system.
AEMC indicates its support for switch to 5-minute settlement period, albeit with a 3-year transition period, and to a new rule that could allow alternatives to investment in more poles and wires. Both offer incentives to storage, demand response, and local renewables, and herald a more rapid shift to a smarter, cleaner and cheaper grid.
First two stages of 300MW solar farm near Port Augusta will provide grid stability services – even at night – and be “battery storage ready”. CEO Tony Concannon says combination of solar and storage will soon fall “well below” $100/MWh, meaning major changes for the grid.
Junior telco amaysim buys online retailer Click Energy to create an “asset light” company that can specialise in “smart home” and challenge energy retailers and incumbent utilities without the burden of legacy fossil fuel plants.
A decision next week that could influence future of battery storage and peaking gas plants will be a major test of market rule maker’s ability and desire to keep the energy oligopoly in check. And new evidence has emerged on why the change is so badly needed.
Newly introduced rooftop solar and battery storage limits could send some households at least partially off-grid – potentially bringing forward the much discussed death spiral. Meanwhile, regulator warns system upgrades will require entire system to meet latest standards.