Large Scale Solar Is Ramping Up
Earlier this week Informa Australia and RenewEconomy co-hosted its second annual (Australian) large scale solar conference in Sydney which Con Manetas attended.
With a host of Developers, Fund Managers, EPC’s, Consultants and Government agencies the mood was buoyant with a strong pipeline of 3.6GW of projects in development and an additional 2.4GW still needed to be developed to meet the Renewable Energy Target (RET). Solar and storage is becoming a must have with batteries and pumped hydro as preferred options. With Solar costs reducing by over 90% since 2009 and LCoE’s (levelised cost of energy) under $90 per MWh solar competes well with gas, wind and has outstripped coal for many years. See below graph from Bloomberg New Energy Finance.
For a full round up of the large scale solar event, please visit: http://reneweconomy.com.au/five-things-we-learned-from-the-big-solar-conference-83769/
If you have a project or are interested in investing in a large scale solar project but worried about the risks involved, give us a call on 1300 881 281. Solarif Insurance advises developers, EPC contractors and investors on how to de-risk projects, make them bankable and effect insurance to protect their PV-projects.
