Crux said that the tax credit transferability market has “outpaced expectations” from when the Department of Treasury released guidance on the scheme in June 2023.
The Australian Energy Market Commissioner (AEMC) is proposing to enable virtual power plants (VPPs) to directly compete with large-scale generators in the energy market, which could aid solar PV’s role in decarbonising Australia.
Western Australia has become the second state to sign a Renewable Energy Transformation Agreement with the Federal government, aiming to support renewable energy generation technologies, such as solar.
On Wednesday (17 July), the Tasmanian government in Australia removed a ‘speed limit’ measure that has prevented state-owned utility Hydro Tasmania from developing large-scale renewable energy projects, such as solar, without a "cumbersome" Parliamentary process.