Lightsource BP offering residential PPAs

Lightsource BP, a UK based solar and smart energy solutions company, is preparing to move into the Australian market where they will offer residential rooftop PV solar power at no upfront cost – instead using the PPA (Power Purchase Agreement) model usually reserved for large-scale solar installs. 

Lightsource BP Solar in Australia

Lightsource BP in Australia
Lightsource BP in Australia (source: bp.com)

Lightsource Labs Australia Pty Ltd (LS Labs) have applied to the Australian Energy Regulator (AER) to launch their product, asking for an individual exemption to hold a retailer authorisation. The application says that LS Labs could launch their product in NSW, SA, QLD, and VIC within a couple of weeks, so all eyes on the regulator to see if they’re happy to grant the exemption.

The way LS Lab’s product will work is that they will supply, install, operate and maintain a solar array, batter and smart metering system to homes, and then sell the renewable power to the client at a fixed price under a PPA model. According to Renewables Now, the period of PPA could be up to 20 years and price per kWh will depend on the terms of each individual contract (i.e. it’ll be cheaper depending on how long the contract is). They also note that customers will be offered the opportunity to buy the system at any time after the second year of the PPA.

RenewEconomy is reporting that Lightsource BP partnered with French company Edf in the UK – using LG Chem batteries as part of the ‘Sunplug’ program. These PPAs were around 9.9p/kWh (~$0.18 AUD) so it’ll be interesting to see how this fares in the Australian market. 

Last month, Lightsource BP acquired Ubiworx Systems to help support a plan for the global launch of a smart-home solution. Kareen Boutonnat, COO of Lightsource BP, said at the time that the “power of the home” will be very important with regards to shaping the world’s “new energy future” – a situation where the energy market transcends monitoring and controlling of consumption, turning ‘smart homes’ into ‘genius homes’ (as we call them). Will be exciting to see where this goes over the next few years! 

 

 

 

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ACT’s Next Generation Energy Storage Program

The ACT’s Next Generation Energy Storage Program will provide solar batteries to over 5,000 homes and businesses by 2020, offering $25m of funding so ACT residents are able to take advantage of rapidly evolving solar battery technology at a subsidised price. 

Next Generation Energy Storage Program

Next Generation Energy Storage Program in the ACT (source: actsmart.act.gov.au)
Subsidised Solar Batteries – Next Generation Energy Storage Program in the ACT (source: actsmart.act.gov.au)

According to ACT Climate Change Minister Shane Rattenbury there are plans to increase the current amount of storage by up to 36x by 2020: 

“We’ve already had around 400 batteries installed across the city. It’s providing over a megawatt of storage which is both helping households cut their energy bills, manage their own energy usage, but also provide backup for the grid here in the Territory,” he said.

“The battery storage roll-out program is building on Canberra’s reputation as a globally-recognised hub for the renewable energy industry,” Mr Rattenbury was quoted as saying – noting that the program will offer support of up to $825 for each kilowatt of sustained peak output for homes and businesses who install a battery (it can be connected to a new or existing PV solar system). The government estimates that this will represent a subsidy of approximately $4,000 for an average household solar system. 

Six partners have been awarded $3m in grants to help fund the project: ActewAGL Retail, Energy Matters, EPC Solar, Evergen, ITP Renewables, Origin Energy, Power Saving Centre, and Solar Hub. EPC Solar and Evergen were already in the project, the rest are new additions. 

Mr Rattenbury also noted that this project will also help expand the virtual power plant Reposit Power and EvoEnergy are currently trialling: 

“The batteries are also contributing to the world’s largest residential virtual power plant being trialled by Reposit Power and EvoEnergy (formerly ActewAGL Distribution), which allows battery owners to sell their energy to the grid to help support the electricity network.”

For more information and how to apply, click here to download the actsmart battery storage fact sheet

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Darebin Solar Saver – Interest Free Solar Loans

The Darebin Solar Saver, a groundbreaking solar scheme in the Victorian city of Darebin, means that residents are able to take out an interest-free loan from the council to cover the cost of solar panels and installation, with repayments added to household rates. 

About the Darebin Solar Saver

Darebin councillors signed a $10m contract with EnviroGroup in Northcote to manage the expansion of the Darebin Solar Saver program, with systems available from 2kW to 10kW – installations are set to commence in July 2018. This is in addition to the ~500 households already enjoying the program. 

The $10 million expansion, which will be funded via existing cash reserves, will help further the council’s goal to double solar-power generated in Darebin from 18,000kW to 36,000kW. 

The Herald Sun quoted Kingsbury resident Mai Pham as a very happy user of the Darebin Solar Saver:

“We are really happy with our solar system. We’re saving on our energy bills and it means we don’t need to worry so much,” she said.

“The cost of installing solar means it’s not even a possibility for many low-income families, so this help from the council to cover the initial outlay is such a good idea.”

Residents who would like to take advantage of the generous and forward-thinking solar programs (which are currently slated to run from 2017 – 2021) can click here to register their interest. Alternatively, if you have any questions email [email protected] or phone 8470 8888.

Darebin Solar Saver
Darebin Solar Saver (source: darebin.vic.gov.au)

Interest Free Solar Loans

We’ve previously written about interest free solar via Annastacia Palaszczuk’s Labor Party and their ‘Powering Queensland’s Future’ scheme which may be offering no-interest solar loans in Queensland. There are a number of retailers currently offering low/no interest solar deals to customers but to have the purchasing power and safety of the government behind one of these schemes would be an amazing step in the right direction. We’ll keep you updated on any further details for councils subsidising solar for their residents! 

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