Australia is currently experiencing an unprecedented boom in solar and wind energy investments, both in terms of capacity and dollars.
It will likely take the country to a 33 per cent share of renewables as early as 2020.
This is a product that simply seeks to manage the risk from variable solar output by providing price swaps.
It allows a solar plant to provide a customer with a firm price for a flat load.
These proxy revenue swaps also emerged in two deals done for another two solar farms in Victoria and Queensland.
The first stage of this project is being built now, combining 43MW of wind, 15MW of solar, and 4MWh of Tesla battery storage.
Tilt Renewables is another looking to combine wind and solar, as well as battery storage, based around its already completed Snowtown wind complex in South Australia. »