This Week in Solar: Global inverter giant charts record revenue for 2020, “led by Australia”

Solar Trust Centre Team
Solar Trust Centre Team
February 22, 2021


1. Global inverter giant charts record revenue for 2020, “led by Australia”

Global inverter giant SolarEdge has posted record revenue for the full Covid-riven year of 2020, a result the company has credited partly to a bumper year of growth in the Australian solar market.

2. Gold miner’s 1 GW solar, wind project to drive Australian hydrogen plan

Sydney-listed Province Resources has revealed plans to set up a hybrid solar PV and wind farm near Carnarvon, Western Australia, as part of a proposal to produce renewable hydrogen for domestic and foreign markets.

3. Zero-sum game: The rise of solar export limits, and what can be done about it

As rooftop solar continues to boom around Australia, an increasing number of households are coming up against strict limits to the amount of energy they are allowed to export to the grid, with many finding that they cannot export their solar at all.

4. RES 100MW solar farm approved after years-long fight with locals

Plans for a $120 million, 100-megawatt solar farm in the NSW Southern Tablelands have been approved despite hundreds of complaints from locals that it would be an eyesore, clog up the roads, take up good agricultural land and damage the local biodiversity.

5. Renewables Help Achieve Lowest Wholesale Electricity Prices In Years

Wholesale electricity prices in the National Electricity Market last year were at their lowest since 2015 says the Australian Energy Regulator.

The AER’s latest Wholesale Markets Quarterly Report looks at the entire year, but with a special focus on the final quarter.

6. Big Four bank offers “green loan” for home solar, batteries

Australia’s Commonwealth Bank has announced it will offer its home loan customers up to $20,000 in low, fixed-interest finance to install rooftop solar systems, battery storage, electric vehicle chargers, or other eligible green technologies.

The new product, dubbed the CommBank Green Loan, was announced on Monday as part of the Big Four bank’s “commitment to the responsible global transition to net zero emissions by 2050,” a goal enshrined in the Paris climate agreement, but yet to be formally adopted by Australia’s federal government.

7. Solar and storage to take over from uranium mine for Kakadu rejuvenation

The Ranger Uranium Mine, completely enclosed within the World Heritage-listed Kakadu National Park, ceased production in January 2021 after years of financial losses. Now, as part of a multi-million dollar rejuvenation of the Park, a solar and battery storage hybrid project is set for development at the town of Jabiru, a project which will help the town replenish itself as a tourist hub for one of Australia’s greatest treasures.

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