While solar can help families save money on electricity in the long run, many customers are currently questioning whether the up front costs are an expense that can be justified in the present moment.
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Major investors are urging governments to seize green opportunities to drive growth and avoid coronavirus recovery plans that exacerbate climate change.
Stimulus spending on new green energy projects creates twice as many jobs per dollar than investments in fossil fuel projects, according to a new study by researchers including the Nobel prize winner Joseph Stiglitz and leading climate economist Nicholas Stern.
The Australian Institute of Marine Sciences (AIMS) is installing solar PV across its facilities nationwide.
With the help of the Australian Government’s Public Modernisation Fund, AIMS is investing in solar at all the Institute’s sites across Australia, including a system already in place at its research facility in Darwin, and a system on its way to AIMS facility in Perth.
Between 460 and 480 MWp in size, Western Downs will become the largest solar farm in Australia, bringing significant regional economic benefits to South West Queensland.
Economist Ross Garnaut says the economic crisis will lead to growth in renewable energy at the expense of coal, and argues we shouldn’t fear taking on debt to fuel a green economic recovery from the coronavirus pandemic.
$30/MWh is below the operational cost of most coal and gas fired power stations. Continued installs of rooftop and utility scale solar will likely lead to a wave of retirements of existing coal fired power stations during the 2020s. This price is also competitive with industrial gas heating.
The Asian Renewable Energy Hub (Areh) – which could feature up to 15 GW of solar and wind generation capacity – would supply the Pilbara region and develop a green hydrogen manufacturing hub for domestic use and export to Asia.