Originally published on RenewEconomy. by Sophie Vorrath As Australia prepares to pass its diminished Renewable Energy Target into law, one of its closest regional neighbours, Indonesia, has indicated it will be increasing its budget for renewables development five-fold, to a little over $A1 billion (IDR 11 trillion), in 2016. Indonesia’s … [continued]
Originally published on RenewEconomy by Sophie Vorrath As we reported yesterday, Australia’s rooftop solar market is still powering along nicely, despite ongoing political shenanigans, adding another 11,865 systems in the month of May and bringing the nation’s total number of solar homes to more than 1.3 million. We also know … [continued]
Originally published on RenewEconomy. As the large scale renewable energy industry remains at an effective standstill pending the passage of new legislation through the Senate and the latest thought bubble about wind energy, Australian households and businesses continue their rapid take-up of rooftop solar. These graphs from Green Energy Markets … [continued]
A new $20-million-strong clean energy fund for the financing of commercial solar energy projects was recently established in Australia by a Sydney-based company, according to reports. The Clean Energy Crowd is managing the new fund, the Solar Clean Energy Fund No1 — which was set up with the intention of … [continued]
India is expected to drive the majority of growth in the Asia Pacific region (excluding China), however, other markets are expected to increase more than three-fold by the end of 2024. The forecast comes from consulting megalith, MAKE, which released its regional report for the Asia Pacific (excluding China, ie, APeC) predicting … [continued]
Originally published on RenewEconomy by Sophie Vorrath The fact that global energy markets are changing shape – and fast – is fairly well accepted these days, even by Australia’s big incumbent gentailers. But suggestions that the arrival of affordable battery storage, on top of affordable renewables, could trigger a utility … [continued]
Originally published on RenewEconomy The release of the Tesla battery storage concept at the end of April has certainly changed the discourse around battery storage, and caused some to rethink their energy business models. And it appears it is already having an impact on prices in the nascent Australian battery … [continued]
The top seven industrialized countries (Group of Seven, or G7)—whose carbon dioxide emissions total 25% of the world’s output—decided at a meeting in Germany today to phase out their use of fossil fuels by the end of this century. It’s a breakthrough move on climate change and a strong signal … [continued]
Originally published on RenewEconomy. Experts say new housing estates may be built that do not connect to the grid, offering instead free electricity, and even free EVs to residents. Meanwhile, numerous towns are looking how to buy back their grid. Imagine this: Newly built housing estates that are not even … [continued]
Originally published on RenewEconomy Australia has all the ingredients to be the world’s leading market on battery storage: Lots of solar, high prices, and a consumer base that is independent, cost conscious and distrustful of incumbents. There is no doubt that Australia is going to be at the leading edge … [continued]
