REC multiplier will not be prematurely reduced: Climate Change Minister
The Federal Solar Credits “REC Multiplier” will not be prematurely reduced, as had been speculated previously. Federal Climate Change Minister Greg Combet has made a public statement that the government has no plans to drop the REC Multiplier from 3x to 1x. The news gives a degree of certainty and stability to an industry that has weathered numerous, tumultuous, and sudden policy changes since its rise to prominence in Australia in 2009–including the accelerated reduction of the Multiplier from 5x to 3x in 2011.
Victoria Feed-in Tariffs to be reduced before end of the year
The Victoria Competition and Efficiency Commission (VCEC) has released its draft report on its inquiry into Victoria’s Feed-in Tariffs, recommending sweeping changes that will effectively eliminate state government subsidisation for small- to medium-scale renewable electricity generators, including solar PV systems for homes and small businesses. The changes to the Transitional Feed-in Tariff (for small-scale solar PV systems) will come into effect when the scheme hits its 75 megawatt (MW) cap, or 31 December 2012, whichever comes first. Proposed changes to the Standard Feed-in Tariff will take place from December 2015.
Solar Choice Commercial helps Kilsyth, Vic McDonald’s restaurant go solar
With the help of Solar Choice Commercial, the first McDonald’s restaurant in Australia has gone solar. Although the Kilsyth restaurant’s 12KW solar PV system is ground-breaking in this respect, other McDonald’s restaurants may follow suit in the future.
Western Australia’s Solar Feed-in Tariff scheme may exceed its budget by as much as 7 times original projections. The WA Government has been accused of having mismanaged the scheme: at the end of 2011 it was expected to cost $180m over 4 years. Estimates of the full cost of the 10-year scheme–$435 million–were not revealed until this week.
ACT fast-tracks 22 big solar projects for reverse auction Feed-in Tariff
The Australian Capital Territory government has selected 22 large-scale commercial solar power projects by 10 developers to move ahead to the final stage of consideration under the territory’s reverse auction feed-in tariff program. The 22 shortlisted projects will be able to submit their final bids to supply the ACT with solar power in June 2012. A total of 49 project proposals were submitted during the prequalification assessment stage of the program. The balance of the proposals will have until ‘early 2013′ to complete and submit their bids.
Queensland’s proposed Solar Dawn concentrating solar power plant has vowed to carry on despite the newly elected Liberal-National government’s vows to withdraw funding from the project. Under the previous Labour regime, the Queensland government had promised to put forth $75m in funding for the project in order to enable it to meet funding requirements to procure funding through the Federal Government’s Solar Flagships program.
Funding will not be withdrawn from Solar Dawn project
The Queensland Liberal-National government will not withdraw from a $75m funding agreement made under the previous Labour government for the proposed Solar Dawn concentrating solar power (CSP) plant near Chinchilla, apparently as a result of realising that it is legally committed to the project. The new government under Premier Campbell Newman is in the process of dismantling the previous government’s climate change programs deemed redundant in light of Federal initiatives such as the Clean Energy Future scheme, which provides the framework for Australia’s Carbon Price.
Clean Energy Finance legislation introduced into federal Parliament
Legislation to establish and fund the Clean Energy Finance Corporation (CEFC) has been introduced into the Federal House of Representatives by Climate Change Minister Greg Combet. The CEFC is a key component of the Labour-Greens Coalition’s ‘Clean Energy Future’ initiative to ensure a 40% share of electricity generation by renewables by the year 2050.
Scotland beats its own renewable energy target, anticipates a decrease in long-term electricity costs
35% of the electricity generated in Scotland came from renewable sources in 2011, according to figures published by the UK’s Department of Energy and Climate Change. This puts Scotland ahead of its intermediary target of 31% renewable energy by 2011. The country plans on generating the equivalent of 100% of its energy from renewables by 2020.
A growing number of residents of rural Western Australia residents are considering adding commercial-scale solar power farming to their portfolio of revenue streams. The primary benefit that solar farms afford their owners is an income source or money-saving facility that does not require continuing annual inputs, as other commercial activities may.
Finding the best solar PV system deals in: Hervey Bay & Bundaberg QLD, Shepparton Vic, Wee Waa NSW, and Bunbury, WA
5 articles detailing the benefits of having a solar PV system installed on homes or businesses in different areas of Australia.
All Australians with eligible grid-connected solar systems may receive upfront rebates in the form of Renewable Energy Certificates. (Keep in mind that the Federal Solar Credits rebate will be reduced for systems installed after 1 July 2012.) Additionally, the Queensland and Victoria state governments also offer a Solar Feed-in incentive scheme. In NSW and WA, money can be saved on electricity bill by using solar power at home while the system is producing power (i.e. when the sun is shining).
You are receiving this email because your email address was added to our mailing list. To ensure you receive our newsletter, make sure you add email@example.com to your address book. If you prefer not to receive this newsletter, please unsubscribe by sending an email with the subject line ‘unsubscribe’ to firstname.lastname@example.org.