• 2 minutes Oil Price Could Fall To $30 If Global Deal Not Extended
  • 5 minutes The Inconvenient Truth Of Electric Cars
  • 8 minutes Iran downs US drone. No military response . . Just Destroy their economy. Can Senator Kerry be tried for aiding enemy ?
  • 24 mins Here we go folks, the wish of so many: Pres. Trump threatens to lessen US security role in Strait of Hormuz, unveils sanctions
  • 5 hours Climate change & Wildfires: More Wildfires To The Western U.S., Will Affect Tens Of Millions Of People
  • 8 hours Wonders of Shale - Gas, bringing investments and jobs to the US
  • 6 hours Magic of Shale: EXPORTS!! Crude Exporters Navigate Gulf Coast Terminal Constraints
  • 14 hours Hard To Believe: UAE Will Work To Defuse Middle East Tension
  • 3 hours The Strait of Hormuz is the world’s most important oil transit chokepoint
  • 9 hours The Plastics Problem
  • 10 hours Looks like Trump is putting together a "Real" Coalition to protect Persian shipping lanes. Makes perfect sense. NO Fake "Coalition's of the Willing" UPDATE REUTERS Pompeo "Sentinel Program"
  • 3 hours Here We Go: New York Lawmakers Pass Aggressive Law To Fight Climate Change
  • 12 hours Cherry Picking Climate Data
  • 16 hours Oil Demand Needs to Halve: Equinor
  • 16 hours Green vs. Coal: Bavaria Seeks Fast-Track German Coal Exit in Snub to Merkel Plan
  • 8 hours Is $60/Bbl WTI still considered a break even for Shale Oil

Australian Solar Power Moving Ahead, Albeit Slowly

Australia’s solar market is sending mixed signals.
 
Bearish analysts point out that that large-scale solar power investment will benefit significantly from either Australia’s 2020 renewable energy target (RET) or the government’s proposed carbon tax.
 
The domestic market for solar panel installations has recently shrunk dramatically as states and territories scale support tariffs that are now viewed as too generous, while the federal government steadily lowers subsidies for small-scale solar under the RET, the Sydney Morning Herald reported.
 
Solar Energy Industries Association chairman Ged McCarthy riposted that the Productivity Commission’s data was flawed, as it had underestimated the emissions abatement by assuming every solar power system in Australia was 1.5 kilowatts and that the commission ''then overstated the subsidy provided to solar power by guesstimating that 50 per cent of generated solar power attracts a feed-in tariff, whereas a 1.5-kilowatt system typically only receives a premium on 17 to 28 per cent of … generation''.
 
Australian Solar Energy Society chief executive John Grimes added that the commission's solar cost estimates were nearly double market prices, which are falling rapidly, adding, ''these costs are then compared to the wholesale electricity price, ignoring the electricity transportation losses that are avoided with distributed power.''
 
The positive news is that the multi-party climate change committee's clean energy future package contained $5 billion in new money for renewables, including large-scale solar, to be loaned or invested by the proposed Clean Energy Finance Corporation.
 
By. Charles Kennedy, Deputy Editor OilPrice.com



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News