Solar Category of Renew Economic
The federal government’s Capacity Investment Scheme aims to induce 23GW of new renewable energy capacity by 2030. With challenges in approvals and tendering, innovative strategies are needed for successful implementation.
European Commission supports solar manufacturing amid competition from China, with measures to strengthen the sector and prioritize sustainable, resilient supply chains to boost European solar industry competitiveness.
Germany sees a significant increase in balcony solar panels, with over 50,000 registered in Q1 2024, contributing to the country’s goal of 80% renewable energy by 2030.
Solar power outperforms coal in Texas for the first time over a whole month, marking a significant shift towards renewables in the state’s energy mix.
Copenhagen Infrastructure Partners acquires majority stake in Elgin Energy, expanding into Australia’s solar and battery storage sector. The deal includes 2GW solar projects and 15GW pipeline across UK, Ireland, and Australia.
New South Wales leads Australian solar output rankings for March, with solar farms dominating. Western Australia excels in wind output, reporting record capacity factors. State-level statistics reveal impressive renewable energy generation results.
New South Wales dominates Australia’s solar farm rankings for March, with capacity factors reaching as high as 32.3%. Western Australia excels in wind farm output, achieving a remarkable 60% capacity factor.
Australian households and small businesses led the charge in renewable energy with 3.1GW of rooftop solar installed in 2023, accounting for 60% of new capacity, according to Clean Energy Regulator’s report.
Neoen is reportedly looking to sell around a third of its Australian renewable energy assets to fuel further investments, potentially marking a significant transaction in the sector.
Government is focusing on earning community support for renewable energy projects like the federal Capacity Investment Scheme. It aims to encourage best practices in engagement and benefit sharing.
Battery storage sites are becoming scarce, but scarcity is not driving up land prices due to limited substation capacity. Solar projects offer long-term annuities through land leases, with prices varying based on project size.
Nextracker partners with Bluescope to manufacture solar tracker components in Australia, reducing carbon footprint and supporting local jobs.