How Australia’s widespread adoption of Energy Scores holds important lessons for the U.S. residential housing market.
Old energy rules were all about locking in cheap base-load power, and supplementing it with more expensive capacity, generally gas, to meet the peaks. The new way is about putting in super-cheap, “base-cost” renewable power at the heart of the world’s grids.
Spot electricity prices have gone through the stratosphere this summer, particularly in Queensland where average prices have been more than double of renewable energy leader South Australia.
It feels like every other day there’s at least one new article touting blockchain as “the next big thing in energy.” But the blockchain is a bit of an esoteric concept to most of us. So, what is it?
The stark and rapid improvement in the economics of big solar in Australia is due to global declines in component costs, but also importantly declining construction costs and the deployment of yield-boosting technology like tracking.
Victoria has announced a tender for 75MW of large scale solar to be constructed in the northwest of the state, with 35MW of these arrays will “linked to” Melbourne’s tram network.
Singapore-based PV manufacturer REC has launched the latest version of its TwinPeak solar module. The 60-cell multicrystalline module can deliver up to 295Wp.
The Brisbane-based developer has obtained approval to build the solar project near Columboola, southwestern Queensland, after a seven-week review process.
Worldwide spending on clean energy fell 18 percent from 2015’s record high. However, even as spending ebbs, the amount of wind and solar connected to power grids around the world is still climbing.
The strong growth in large scale renewable project financing in Australia could be just the beginning of major wave of investment, and points to RET being met by 2020.