Posts tagged as:

BNEF

Is public uncertainty holding back Australia’s home battery boom?

November 22, 2017
Battery storage knowledge

Australians love the idea of battery storage, in the much the same spirit with which they embraced rooftop solar – as another way to cut electricity bills, gain control over their own power, help save the environment, and/or stick it to the man. But they don’t quite get it. Yet. That is one of the […]

Read the full article →

Global energy industry at ‘tipping point’ for coal, wind & solar: BNEF

September 28, 2017
Thumbnail image for Global energy industry at ‘tipping point’ for coal, wind & solar: BNEF

The global energy industry is experiencing two major tipping points that mean coal will never be great again, and the age of wind and solar has arrived. Speaking at Bloomberg New Energy Finance’s annual get-together in London last week, founder Michael Liebreich said the first tipping point – which were are living now – is […]

Read the full article →

Solar panel reliability testing: More relevant than tier ranking for solar homes & businesses?

September 6, 2017
Thumbnail image for Solar panel reliability testing: More relevant than tier ranking for solar homes & businesses?

Deciding whether you’re happy with a solar installers’ panel offering can be tricky business in a market flooded with different options (as is the case in Australia). Fortunately, DNV GL puts together an annual report based on physical stress testing of a wide range of popular panels brands & models that is probably a better […]

Read the full article →

What is a “Tier 1” solar panel? Tier 2 or 3?

May 24, 2017
Thumbnail image for What is a “Tier 1” solar panel? Tier 2 or 3?

When purchasing a solar system, the quality of the components to be used is frequently a key consideration. However, differentiating one brand from another may not be so simple, especially in the case of solar panels, of which there are hundreds of brands on the Australian market. The terms ‘Tier 1’, ‘Tier 2’, and ‘Tier […]

Read the full article →

Solar power for homes: Still worth it in Australia?

December 6, 2016
Thumbnail image for Solar power for homes: Still worth it in Australia?

Lots of things have changed in recent years with regard to solar power for homes. The business case for going solar – the investment-worthiness of solar panels – has quickly progressed through roughly three stages since the solar panel boom began in Australia in around 2008. Making a long story short, these stages were: Stage 1 […]

Read the full article →

Blockchain network disruption soon to arrive – with Australian company at forefront

November 29, 2016
Thumbnail image for Blockchain network disruption soon to arrive – with Australian company at forefront

An Australian start-up has been named as a global leader in the development of “blockchain” technology in a report by Bloomberg New Energy Finance. The BNEF report named Perth-based company Power Ledger as one of the companies leading development of the technology, which it says has the potential to “rapidly disrupt” the energy market status […]

Read the full article →

Global manufacturing glut could mean 20% drop in solar panel prices – within a year: BNEF

September 22, 2016

A glut in the global solar manufacturing market could deliver module prices as low as $US0.30/Watt in 2017 – a 20 per cent drop within a year, according to a leading analyst at Bloomberg New Energy Finance. Speaking at this week’s Solar Power International conference in Las Vegas, BNEF’s head of Americas, Ethan Zindler. said […]

Read the full article →

Investment in large-scale renewables on the rise, but Aus still unlikely to meet 2020 target

July 26, 2016

Large-scale renewable energy investment in Australia has hit its highest levels since 2013, although it remains well short of the level needed to meet the reduced renewable energy target in 2020. Bloomberg New Energy Finance data for the second quarter in 2016 shows investment in large scale wind at its highest levels since 2013, just […]

Read the full article →

Aussie rooftop solar to reach 5GW by end of month

July 14, 2016
Thumbnail image for Aussie rooftop solar to reach 5GW by end of month

Australia’s total rooftop solar capacity is expected to break through the 5GW mark in July, reaching a remarkable milestone in a sector that was virtually non-existent in 2009. New data released by Sunwiz shows that 64MW of rooftop solar was added across the country in the month of June, taking the national cumulative total to […]

Read the full article →

Global solar & wind energy costs to fall to 5-6c/kWh by 2025: IRENA

June 20, 2016
Thumbnail image for Global solar & wind energy costs to fall to 5-6c/kWh by 2025: IRENA

A major new report by the International Renewable Energy Agency has predicted huge reductions in the cost renewable energy generation, that could see the average cost of electricity from solar PV and onshore wind fall to roughly 5-6 US cents per kilowatt hour by 2025. The report, published on Thursday, forecasts that by 2025, the […]

Read the full article →

Solar and wind costs to plummet further over next decade: BNEF

June 14, 2016
Thumbnail image for Solar and wind costs to plummet further over next decade: BNEF

Solar and wind energy costs will continue their stunning falls over the next decade, and by 2027 will be cheaper than existing coal and gas plants in most parts of the world, according to a major new report by Bloomberg New Energy Finance. BNEF’s annual New Energy Outlook, NEO2016, says solar energy costs, which have […]

Read the full article →

Half of Aussie electricity demand will be met by small-scale solar & batteries: BNEF

June 1, 2016
Thumbnail image for Half of Aussie electricity demand will be met by small-scale solar & batteries: BNEF

Australia’s rooftop solar homes and businesses will not just be generating up to half of the country’s electricity needs in the future, but could play a key role in meeting peak demand and keeping the grid stable. Bloomberg New Energy Finance senior analyst Kobad Bhavnagri believes Australia’s energy system is set for radical change at […]

Read the full article →

One chart shows solar PV’s stunning progress over 40 years

February 15, 2016

A new graph by Earth Policy Institute and Bloomberg – sourced via this story on Treehugger – offers a stunning reminder the incredible journey solar PV has been on over the past decade. As the graph shows, the cost of solar PV – the orange part – 40 years ago was up around $US100 per […]

Read the full article →

Queensland Productivity Commission report ignores benefits, emphasises costs of QRET

February 15, 2016
Thumbnail image for Queensland Productivity Commission report ignores benefits, emphasises costs of QRET

A new study from the Queensland Productivity Commission has estimated the state’s renewable energy target of 50 per cent by 2050 will cost $10.8 billion in subsidies, and has advised the state government to proceed with caution on its delivery. The estimated QRET cost was released by the QPC as part of a draft report […]

Read the full article →

Australia’s Redback aims to sell 28,000 home battery systems by 2019

December 1, 2015
Thumbnail image for Australia’s Redback aims to sell 28,000 home battery systems by 2019

Australian home energy storage technology developer Redback has signed an exclusive distribution agreement that will see 28,000 of the company’s SH4600 Smart Hybrid System units sold in Australia and New Zealand within the next three years. The company’s Smart Hybrid System uses an ‘Internet of Things’ software platform to enable homes to optimise solar self-consumption. […]

Read the full article →

The Australian solar home in 2025 (Australian Utility Week Roundup Part 2)

November 26, 2015
Thumbnail image for The Australian solar home in 2025 (Australian Utility Week Roundup Part 2)

Things are changing fast when it comes to electricity in Australia, and Australian Utility Week 2015 (‘the year of the digital utility’) was a great place to catch a glimpse of the future. Attending the conference as a member of the solar industry, my thoughts gravitated towards what it all meant for homes with solar […]

Read the full article →

Australia to have lowest-cost large-scale wind & solar projects in APAC – and coal can’t compete

October 12, 2015
Thumbnail image for Australia to have lowest-cost large-scale wind & solar projects in APAC – and coal can’t compete

Solar projects built in Australia are cheaper than any of its Asian neighbours, according to new research by Bloomberg New Energy Finance, while new Australian coal plants would be 50 per cent more expensive – the most costly in Asia. The findings are important, given how many of Australia’s coal-fired generators are already operating beyond […]

Read the full article →

WINAICO Solar listed as tier 1 by BNEF

August 20, 2015
Thumbnail image for WINAICO Solar listed as tier 1 by BNEF

Industry analysts at Bloomberg New Energy Finance (BNEF) have classified WINAICO a tier 1 solar module manufacturer in their most recent PV Market Outlook report. Although the listing does not equate to an endorsement by BNEF, the company’s tier ranking system is nevertheless widely referenced in Australia for gauging the reliability of a solar manufacturer’s […]

Read the full article →

Aus energy markets in midst of ‘seismic shift’ thanks to solar, storage: Shorten

August 19, 2015
Thumbnail image for Aus energy markets in midst of ‘seismic shift’ thanks to solar, storage: Shorten

The leader of the Opposition has pushed the case for household solar and battery storage, in a speech at the University of NSW last Friday. Federal Labor leader Bill Shorten said energy markets were in the midst of a “seismic shift” and an “energy revolution” that was being driven by individual consumers, and in which […]

Read the full article →

In California, now anyone can sell power into the grid

July 21, 2015
Thumbnail image for In California, now anyone can sell power into the grid

California has cleared the way for homes and businesses to sell their stored electricity into the grid at a profit, thanks to new legislation that allows the aggregation of distributed energy for trade on the state’s wholesale electricity market. According to Renewable Energy World and Bloomberg New Energy Finance: Companies including utilities will be able to […]

Read the full article →

Solar-plus-storage already cheaper than grid electricity in Aus: BNEF

July 17, 2015

Rooftop solar and battery storage already offers a cheaper option for Australian households than electricity from the grid, according to a leading analyst from Bloomberg New Energy Finance. “Solar and battery storage is simply unstoppable,” said Kobad Bhavnagri, the head of BNEF in Australia, which has predicted 33GWh of battery storage and 37GW of solar […]

Read the full article →

Victoria, NSW will lead the way in residential energy storage uptake

July 2, 2015

NSW and Victoria will lead the adoption of battery storage by Australian households over the next two decades, the Australian Energy Market Operator has predicted. In its first ever analysis of the potential impacts of new technologies – specifically battery storage, but also electric vehicles and “fuel switching” from gas to electricity – AEMO predicts […]

Read the full article →

Residential solar + storage system payback times: State by state

July 1, 2015
Thumbnail image for Residential solar + storage system payback times: State by state

South Australian households planning to install rooftop solar and battery storage systems can look forward to the shortest payback period on the NEM, a new report by the Australian Energy Market Operator has found. In its first ever big study of the impact on the National Electricity Market of new technology like battery storage and electric cars, AEMO has crunched […]

Read the full article →

Solar-plus-storage will account for nearly half of Aussie electricity demand by 2040

June 29, 2015

A major new report from Bloomberg New Energy Finance has predicted that rooftop solar and battery storage will account for more than half of Australia’s electricity needs by 2040, as the share of fossil fuels falls by more than half to around 40 per cent. BNEF says Australia’s power sector will fundamentally change over the […]

Read the full article →

Could the Coalition turn RET towards large-scale solar?

June 22, 2015

In seeking to justify its push against wind energy, the creation of a “wind commissioner” and its dealing with the Senate cross-bench, the Coalition is trying to turn the renewable energy target into a sort of de facto large-scale solar scheme. “What we’re doing there is very significant and we’re increasing the focus on large-scale solar,” environment […]

Read the full article →

Coalition reportedly investigating ways to promote large-scale solar ahead of wind

June 12, 2015
Thumbnail image for Coalition reportedly investigating ways to promote large-scale solar ahead of wind

Solar energy could be favoured under the revised Australian renewable energy target, with Coalition ministers reportedly looking at ways to accelerate the development of large-scale solar projects, ahead of wind farms. It is understood that Industry Minister Ian Macfarlane and Environment Minister Greg Hunt are facing strong party-room resistance to the cut-down 33,000GWh target agreed […]

Read the full article →

RET deal’s passage will unlock billions in solar & wind investment

May 29, 2015
Thumbnail image for RET deal’s passage will unlock billions in solar & wind investment

More than $10 billion in solar and wind investment would be unlocked if legislation to amend Australia’s renewable energy target achieved quick passage through parliament, the Clean Energy Council has advised. The legislation, which reduce the RET from 41,000GWh by 2020 to 33,000GWh, was tabled in federal parliament on Wednesday morning, having earned bipartisan support […]

Read the full article →

Renewable Energy Target deal struck: 33,000GWh with no 2-yearly reviews

May 18, 2015
Thumbnail image for Renewable Energy Target deal struck: 33,000GWh with no 2-yearly reviews

The Abbott government and federal Labor have finally struck a bipartisan agreement on Australia’s renewable energy target, with both parties agreeing to slash it from 41,000GWh to 33,000GWh by 2020. The agreement was reached on Monday morning after a reported intervention from the Prime Minister’s office, encouraging the Coalition to backflip on its backflip about the need for ongoing reviews. […]

Read the full article →

Queensland to aim for 50% renewables, 1 million solar homes by 2030

May 15, 2015
Thumbnail image for Queensland to aim for 50% renewables, 1 million solar homes by 2030

Queensland’s Labor government has restated its commitment to generating 50 per cent of its electricity needs from renewable energy by 2030, and to ensure one million homes in state had rooftop solar by 2020. The plans, first outlined in Labor’s pre-election policy release, were confirmed by the state’s new energy minister, Mark Bailey, on the […]

Read the full article →

Big solar could make up 40% of new 2020 large-scale renewables target: BNEF

May 14, 2015
BNEF new LRET

Big solar could take up as much as 40 per cent of Australia’s 2020 Renewable Energy Target, even with a much reduced target of 33,000GWh, according to Bloomberg New Energy Finance. The forecast contradicts sector-wide fears that large-scale solar projects would be sidelined by cheaper wind energy projects under the agreed cut in the RET. But […]

Read the full article →

Solar contributed record 9.1% to France’s electricity demand on 12 April

April 17, 2015
France solar output

Solar PV provided just under 10 per cent of energy demand in France over the weekend, a record contribution to the nuclear-dominated country’s grid in a week of record output for solar power. Data from France’s grid operator RTE has shown that solar power set a net coverage record on Sunday April 12, accounting for […]

Read the full article →