Antinuclear

Australian news, and some related international items

Solar power juggernaut is catching Australia by surprise

Australia’s solar juggernaut is coming – quicker than anyone thinks, [excellent diagrams and graphs] REneweconomy By Giles Parkinson on 13 October 2017 It is perhaps not surprising that the fossil fuel industry has hit the panic button and is pushing hard for the Turnbull/Abbott Coalition government to dump the proposed clean energy target and replace it with something that might be called a coal energy target.

They can see what’s coming – and there is probably no better way to describe it than a solar juggernaut.

The fact that solar will become the dominant energy source appears to be under no doubt, even the International Energy Agency admits it. And the CSIRO and AEMO appear to be in agreement that even behind the meter solar will account for around half of all demand by the 2040s or 2050s.

But what if it happened a lot quicker than that? Australia’s grid prices have jumped again to absurdly high levels, and this has lit a fire under the rooftop solar market, which will be followed by a major push by corporate buyers into the large-scale market. The solar sector could boom in ways not previously imagined.

 Huon Hoogesteger heads Smart Commercial Solar, a company specialising in rooftop solar for businesses that has experienced a doubling in demand in the last year or so, and a three-fold increase in the current year. He can’t see it slowing down.

At this week’s All-Energy Australia conference he was asked to speak about the implications of a continued solar boom in the Australian energy market, and what it means for incumbent fossil fuel generators, and others – particularly the storage industry. It was a fascinating insight.

First of all, it should be noted that Hoogesteger focused only on solar – so his observations take no account of the 4.5GW of wind energy already in the market, and the likely doubling of that capacity in coming years (particularly as it defies doubters and matches the falling cost of solar)………

Hoogesteger says most forecasts are based around a continued linear uptake of solar, that puts the country’s capacity at about 21GW in the mid 2030s……… Base on his experience, with a near doubling of just rooftop installations, the massive investment in large-scale solar, and the technology’s falling costs, along with high grid prices, he says it could happen a lot quicker than that……http://reneweconomy.com.au/australias-solar-juggernaut-is-coming-quicker-than-anyone-thinks-70985/

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October 14, 2017 - Posted by | AUSTRALIA - NATIONAL, solar

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