Australian solar market still strong, with over 3,200MW installed capacity

This article originally posted at The Climate Group. View the original post here.  LONDON:  Despite a change in government policy, Australia’s solar industry has expanded considerably in recent years, and today some 2.6 million Australians are getting some of their electricity … Continue reading Australian solar market still strong, with over 3,200MW installed capacity

Solar PV module prices fell 50% in 2013, storage set to follow

Originally posted at RenewEconomy. View the original post here

Solar PV module prices in Australia were cut in half over the 2012-2013 period, falling from $1.50/Wp in 2012 to 0.75/Wp in 2013, according to the latest report from the Australian Photovoltaic Institute (APVI).

The report, PV in Australia 2013, also notes that installed prices for small-scale rooftop solar systems dropped by just under 20 per cent – from an average of around $3 to around $2.50/Wp – in a year that saw the largest market for PV installations in Australia since 2009.Screen Shot 2014-07-10 at 11.11.17 AM

“With PV having reached grid parity against retail electricity tariffs in many parts of Australia and government support reducing, the market is stabilising but remaining buoyant,” the report said.

APVI said that continued increases in grid electricity prices mean PV remained a cost effective option for homeowners across Australia, even without subsidies, and was of increasing interest to the commercial sector.

The report noted that over 1 million Australian homes now had a solar PV system installed, with residential penetration levels averaging 15 per cent nationwide, and over 30 per cent in some areas.

According to the report, the majority of installations in 2013 took advantage of incentives under the federal government’s Renewable Energy Target (RET) scheme, with further drivers provided by grants and finance assistance from the Australian Renewable Energy Agency and the Clean Energy Finance Corporation. Continue reading “Solar PV module prices fell 50% in 2013, storage set to follow”

India Lays Foundation For National Wind Energy Mission

This article originally posted at Clean Technica. View the original post here

India’s ongoing National Solar Mission has reaped very encouraging results. The country saw about 2,500 MW capacity being added in just four to five years with hundreds of megawatts set to be commissioned over the next few months. Now, the government is set to launch a similar national mission for wind energy.

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Wind energy capacity in India constitutes about 67% of total installed renewable energy capacity. A national mission would aim to increase this capacity considerably. Over the last couple of years, the wind energy sector had fallen out of favour with the government. Two critical incentives were withdrawn by the government, leading to a massive decline in annual installed capacity. Continue reading “India Lays Foundation For National Wind Energy Mission”

Wind Share of World Electricity Will More Than Double By 2018

  This article originally posted at CleanTechnica. View the original post here.  Global prospects for wind power are rising despite disappointing 2013 numbers, say analysts at Navigant Research. Although the wind industry worldwide added 36,134 MW in 2013, for the first … Continue reading Wind Share of World Electricity Will More Than Double By 2018

Renewable energy is ready to supply all of Australia’s electricity

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This article originally posted at The Conversation. View the original post here

In a recent article on The Conversation, University of Melbourne Professor Emeritus Frank Larkins wrote that Australia’s targets to increase renewable energy will make electricity more expensive, thanks to problems with consistency and storage.

But Professor Larkins is several years behind developments in renewable energy and its integration into electricity grids. In fact, we already have technically feasible scenarios to run the Australian electricity industry on 100% renewable energy — without significantly affecting supply. Continue reading “Renewable energy is ready to supply all of Australia’s electricity”

Wind declared cheapest energy source in Denmark

This article originally posted at TckTckTck. The original can be viewed here.  Onshore wind is now the cheapest form of new electricity generation in Denmark, undercutting coal power, according to the government’s energy agency. New analysis shows that onshore wind plants … Continue reading Wind declared cheapest energy source in Denmark

Renewable Energy Investments in Australia Falls to its Lowest Since 2001

This article originally posted at the International Business Times. View the original post here.  Australia‘s renewable energy investment has declined to its lowest in 13 years. According to reports, the country has invested only $40 million in the first six … Continue reading Renewable Energy Investments in Australia Falls to its Lowest Since 2001

Why the renewable target should be ramped up, not cut

This article was originally posted at The Conversation. View the original post here. It’s hard to predict which of Australia’s climate policies will survive, or perhaps even thrive, in the current parliament. But our research suggests that if the Abbott … Continue reading Why the renewable target should be ramped up, not cut

Renewables to get most of $7.7 trillion power investments

Article originally posted at Bloomberg New Energy Finance. View the original post here.  July 1 (Bloomberg) — Renewable energy may reap as much as two-thirds of the $7.7 trillion in investment forecast for building new power plants by 2030 as … Continue reading Renewables to get most of $7.7 trillion power investments