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Successful Solar Strategies (2009) - Executive Summary
This is the Executive Summary of the Successful Solar Strategies report that assisted many businesses transition from reliance on rebates into powerful solar energy companies less concerned about the low REC price.
This document was compiled from SunWiz's research into the REC market, and sent to Australian politicians. It explains why the REC crisis occurred (largely due to solar hot water subsidies) and the impact it would have upon the solar (PV) power industry. A review of the REC market was announced subsequently to distributing this document to key politicians.
SunWiz distributed this analysis to clients following the announcement of a gross Feed-in Tariff for NSW. Some of the questions posed have been answered since the implementation of the solar bonus scheme legislation and regulation. Further analysis has shown that if a 10% reduction in PV system installed price occurs in each year, the economics of solar power shall continue to be excellent, principally because of the large (63% over 3 years) electricity tariff increases proposed by IPART.
SunWiz' submission on the treatment of phantom credits, Renewable Energy Certificates (RECs) created by the solar multiplier mechanism of Australia's expanded Renewable Energy Target. It shows that a large number of solar credits had already been created by the end of 2009.
This study into the costs and economics of concentrating solar power in Australia formed the major part of a one-year investigation towards completion of Warwick Johnston's Master in Science (Renewable Energy). This dissertation analyses the costs of thermal trough CSP and its revenue from connection to Australia's National Electricity Market (NEM). As the wholesale price of electricity typically peaks well after midday, the investigation assesses the optimum amount of energy storage in order to maximise Internal Rate of Return (IRR).