FRV is to build a 20MW solar PV plant near Canberra after winning the ACT government’s solar auction with a bid of $186/MWh.
The cancellation of the contracts for closure scheme should be another wake-up call to Canberra that they have been duped by the electricity industry, as Garnaut had suggested. At least Alinta is now talking about the prospects of solar thermal to replace its coal plants.
As the Baillieu government brought down the curtain on the last major feed in tariff, solar companies reported they were awash in red ink. The industry, which now employs 15,000 people, is craving stability, and fair value for energy that householders produce, and export to the grid. They may not get it.
That depends on what you are looking at. If it’s an individual company, the bubble will look big. If it’s the whole market, it will look quite small, a Citi report suggests. That’s good news for investors with balanced portfolios, but potentially bad news for the likes of Gina Rinehart and Clive Palmer.
CBD Energy secures PPA for Taralga wind farm, as solar revenue evaporates and write-downs hit bottom line
Meridian Energy to begin construction of the 131MW Mt Mercer wind farm, as it decides whether to take on Australian utilities at their own game, with a green tinge, and replicate an energy retailer that has been hugely successful in New Zealand.
Heard the Scandinavian joke about the Polish parliament? It’s now setting our carbon pricing policy. Plus: EU link could benefit big emitters; do renewable energy traders know something we don’t; Origin’s continues carbon clean out; and NGO puts the wind up Victorian government.
In a week when Arctic sea ice levels plunged to a record low, the infamous climate change-denying ‘Oregon petition’ has resurfaced in mainstream media and on talkback radio, pitting the ‘expert’ views of vets, dentists and Spice Girls against peer-reviewed climate scientists.
The Infigen Energy managing director says wind farms need to be commissioned soon to ensure the Renewable Energy Target is met. He expects solar PV to play a significant role, and is excited about the opportunities of battery storage and combining this with wind and solar.
Wind farm developer says rising market prices good for revenue, and utilities are finally starting to talk about contracts for new projects.