Australia: Solar PV to replace coal as “incumbent” technology
Solar PV to replace coal as incumbent technology
By Giles Parkinson on 17 March 2014
Australia is embarking on a radical transformation of its electricity system that will see solar PV transition from being disruptive technology to the incumbent technology, displacing coal and sparking a radical change in the way that electricity is provided.
David Green webThis is the assessment from Clean Energy Council CEO David Green (pictured), who in a presentation last week said generation will move from its traditional place at the point of supply to at or near the point of use; the primary role of the grid will be converted to that of a back-up battery; and consumers will play a key role in a more competitive market.
Green told a Davos Connection conference on infrastructure last week that the core logic behind having large scale generation plants close to their fuel source (coal or hydro) was being challenged by shifts in the basic cost parameters of many sources of energy allow generation (mostly solar) to be built closer to where it is used.
It was clear, he said, that solar PV has been taken up more rapidly in lower-income suburbs than higher income because of the attraction for lower-income households to get a lower, fixed rate of electricity.
Now, new financing models ...
http://reneweconomy.com.au/2014/solar-pv-replace-coal-incumbent-technology-38095