Construction begins on largest single rooftop solar PV system in Australia, with installation of 990kWp array at the IKEA in Tempe, NSW.
Research shows rooftop solar exports are higher than most estimates, which means most systems are paying network fees for well over half their generation.
New player in solar leasing says Australian market could reach $100 billion. It sees huge demand from businesses, as well as homes when battery storage becomes cost competitive in a few years, and it sees huge appetite from banks and super funds for an annuity style infrastructure investment.
Abengoa looks to sign giant iron ore miner to support Australia’s first large scale solar tower power plant with molten salt storage.
CEFC brings in US solar giant SunEdison to Australian rooftop solar market, and helps local manufacturer Tindo. All told, $166 million will be deployed to expand solar financing and power purchase agreements to avoid up front costs of rooftop solar.
Continued measures and support for solar power will help mitigate climate-related forces which leave energy supplies vulnerable to unpredictable disasters.
Changing the utility business model from totally grid-based to a grid and distributed solar-based model is the only long-term solution.