Analyst firm BloombergNEF has cautioned that Australia requires around A$2.4 trillion (US$1.6 trillion) investment to reach net zero, with solar PV and wind installations to reach 290GW by 2050.
The Australian Energy Market Commission (AEMC) is set to integrate new rules surrounding consumer energy resources (CER) to exercise greater control over their use, aiding solar PV’s role in the electricity mix.
A new report released by the Australian think tank Race for 2030 has called on the Federal government to provide additional investment and incentives to support consumer energy, such as solar PV, and its role in a decarbonised society.
Community solar developer Lightstar Renewables confirmed on Thursday (8 August) that it has been approved to participate in the ‘Solar Neighbourhood Plan’ in Detroit, US, by the City Council.
Australian think tank Climate Energy Finance (CEF) has signaled that the mineral-rich region of Pilbara, Western Australia, needs rapid investment in its transmission network to ensure renewable energy, such as solar, can help drive decarbonisation.
Scientists at the University of Oxford last week (9 August) revealed a breakthrough in solar PV technology via an ultra-thin material that can be applied to “almost any building” and deliver over 27% conversion efficiency.
Australian startup SunDrive Solar has revealed that it has undergone a restructuring of the company, resulting in job cuts, as it looks to “sharpen focus on solar”.
