Daily update: CEFC looks to accelerate solar revolution

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Daily update: CEFC looks to accelerate solar revolution

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Renew Economy editor@reneweconomy.com.au via mail13.atl111.rsgsv.net

2:28 PM (16 minutes ago)

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CEFC to provide $120m to unlock Australia rooftop solar finance; CEFC sponsors $580m clean energy fund; Aust renewables investors call for unchanged RET; Renewables ready to supply all of Australia’s electricity; Aboot to continue fight to scrap CEFC, ARENA; NSW plans solar policy initiative to “transform” mid scale solar; Alice Springs solar tracking plant to quadruple in size; Major beef processor turns to biogas to halve power bills; NSW government flags changes to wind energy noise assessment; Algae.Tec wins vote of confidence from Indian pilot partner; Carbon repeal makes Australia globally isolated and economically vulnerable; and World sets mark for hottest June, driven by ocean heat.
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RenewEconomy Daily News
The Parkinson Report
CEFC brings in US solar giant SunEdison to Australian rooftop solar market, and helps local manufacturer Tindo. All told, $166 million will be deployed to expand solar financing and power purchase agreements to avoid up front costs of rooftop solar.
CEFC teams with Colonial First State Global Asset Management for $580m fund to invest in commercial solar PV leasing and other large scale renewable projects.
CEC open letter signed by 17 leading renewables companies calls for RET certainty, warns of sovereign risk, rising electricity prices if RET changed.
There are already technically feasible scenarios to run the Australian electricity industry on 100% renewable energy without significantly affecting supply.
Abbott government vows to persist with policy to scrap CEFC and ARENA, even though it may not reach emissions reduction targets without them.
NSW says to encourage government buildings to use solar leases to install rooftop PV and source around 30% of electricity needs from solar.
CEFC invests $13m to fund 3.1MW expansion of NT 1MW Uterne solar PV tracking plant – one of Southern Hemisphere’s largest.
CEFC co-finances development of biodigester and biogas plant at one of Australia’s largest meat processors, that will halve its electricity bills.
NSW govt flags changes to industrial noise standards to cover all sectors, removing a major weapon used by anti wind energy campaigners.
Algae.Tec wins huge vote of confidence from Indian pilot project partner, with conversion of nearly $30 million worth of shares at twice market price.
Korea and China move toward national Emissions Trading Schemes and other major trading partners make policy and investment decisions that directly contradict Australia’s approach.
The world just experienced its hottest June on record. That makes this the third-warmest start to the year.

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