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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Solar loans in South Australia, sonnen to move HQ

Premier Jay Weatherill has announced $100m for solar loans in South Australia. Up to 10,000 South Australian homeowners will be able to access up to $10,000 for loans for solar panels, batteries, or both. The loans will be interest free for the first 7  years. At the same time, German company sonnen has announced it will relocate its Australian headquarters from Sydney to Adelaide – we’ll report more on that next week. 

Solar Loans in South Australia

Solar Loans in South Australia
Solar Loans in South Australia (source: Jeremy Buckingham via Wikipedia)

Yesterday the Labor party made the announcement that they will offer these solar loans for private homes – with Premier Weatherill discussing the ramifications of the plan in a press conference:

“It’s going to slash bills, we’ve already seen that with our virtual power station, modelling demonstrates a 30 per cent reduction in energy power,” he said.

“We’ve seen from the national regulator that renewable energy projects are projected to reduce energy bills by $300 over the next two years, so it’s just beginning to happen.”

The Liberal party already announced a very similar policy last October so it looks like there’ll be a good result for renewables no matter who wins – it’s a little surprising to see Premier Weatherill offer something so similar when he has been such a champion of renewable energy for so long. Regardless, it’s a great scheme and one which will have a good result either way – South Australia continues to lead the charges with regards to renewables in Australia.

According to the ABC, opposition leader Steven Marshall said their $100m plan was to provide grants of $2,500 per household for 40,000 dwellings – so less money, but for more properties. Mr Marshall argued that 10,000 households was not enough to ‘shift the dial’ with regards to ballooning energy prices:

“The reality is 10,000 is not going to shift the dial in South Australia in terms of prices, unlike the Liberal Party which has put our policy up for independent scrutiny and we know that prices will come down under the Liberal Party’s energy policy,” Mr Marshall said.

“We’ve put our plan out for independent evaluation.

“Labor still hasn’t provided any indication whether this is going to bring down energy prices in South Australia for any more than just the 10,000 people it’s talking about.”

Back in October last year the Liberal party said their plan will save $300 per household per annum, but later admitted their modelling was inaccurate and the savings will be around $70 and won’t start until 2022. To achieve that figure of $300 a $500m-$700m interconnecter to New South Wales would need to be connected by 2021.

No word on specific savings with regards to Labor’s plan so for the time being voters will need to decide whether $2,500 for 40,000 houses or $10,000 for 10,000 houses is going to have a better effect on energy prices and stability. No doubt we’ll have more information on this as election time draws nearer! 

 

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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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