Renewable energy leaders have welcomed a funding promise for training in the sector, as Ballarat hits ‘critical mass’ with wind energy.
Labor leader Bill Shorten promised on Thursday to put $75 million towards building Australia’s renewable energy sector, which he said will create 70,000 jobs.
National director of the Australian Wind Alliance Andrew Bray said if it goes ahead, the program would be a real “boost for getting younger people involved in the renewable sector”.
“It means you can have jobs in places that were previously dependent almost solely on agriculture,” he said. “Jobs in agriculture go up and down, depending on the seasons and commodity prices, but these are long-term jobs and they’ve meant that young people can stay in local towns.
“Part of the issue for rural and regional Australia has been keeping young people, and having the jobs for them to stay around.”
Ballarat is now directly tied to renewable energy – not only for the hundreds of wind turbines dotting hills around the region – but for a training centre now being created in the city by Federation University.
The $12.5 million Asia Pacific Renewable Energy Training Centre, the first of its kind in Victoria, will train apprentices in the installation and maintenance of wind turbines, solar panels, and domestic batteries, as well as site safety.
Labor has said they will put $45 million towards apprenticeship incentives through which employers could get up to $8000 for taking on a trainee.
The apprentices themselves would get $2000 to help with education costs.
Mr Bray said programs like those at FedUni will be working on the “latest, up-to-date technology” and will work closely with industry, while also having the possibility of a dependable job nearby once they complete study.
“In Ballarat, it’s reaching a real critical mass, there’s now hundreds of turbines around that need technicians to service them.”
If successful at the May 18 election, a Shorten government would also put $20 million towards upgrading TAFE facilities, so equipment at the sites such as batteries and solar panels are industry standard.
A further $10 million would go into a clean energy training fund so workers can be trained and upskilled for renewable industries.
Energy Stuff specialises in Residential Solar with emphasis on Repairs, Replacements and upgrades. We also provide new systems, battery storage, Small Commercial, Off-Grid systems and smart monitoring systems. Energy Stuff only uses CEC accredited installers and we fully comply with the Victorian Govt. Solar Rebate Program.
The two biggest solar farms in South Australia were switched off for long periods this week as wholesale market prices fell below zero – the result, apparently, of new “zero price clauses” in power purchase contracts.
As RenewEconomy reported on Tuesday, and updated on Wednesday, wholesale prices in South Australia fell below zero for extended periods on Tuesday (nearly six hours), and on Wednesday (nearly four hours).
This was the result of high wind and solar output, as well as relatively low demand, and export limits (down to 50MW) on the main link to Victoria because of maintenance works, which meant that excess renewable production could not be traded interstate.
As Dylan McConnell, from the Climate and Energy College in Melbourne, points out, and illustrates with the graph above from the OpenNem resource, the state’s two biggest solar farms both switched off power on Wednesday.
The Bungala One and the semi-complete Bungala 2 projects cut output from around 1030am, ahead of the anticipated zero pricing event, while the newly-complete Tailem Bend solar farm cut power off on both Tuesday and Wednesday from around 11am as the prices hit zero. Both projects were offline for nearly six hours on Wednesday.
Both the 220MW Bungala projects and the 95MW Tailem Bend projects have long term power purchase agreements with Orign Energy and Snowy Hydro respectively.
But a new feature of PPAs being signed in Australia these days is a “zero price” clause that means that the off-taker will not pay for the output of the solar farm at the contracted price if the market price falls into negative territory. This is considered a major risk in states like South Australia, and Queensland.
This is because the off-taker does not want to pay twice – once for the contracted price to the solar plant owner, and secondly the market price for the output. As a result, the solar farm is switched off.
In the case of Tailem Bend, that must have been frustrating because the solar farm only reached full commercial operations, and permission to operate at full capacity, on April 29, the day before the zero pricing events.
The first 110MW stage of the Bungala solar farm was completed last year, but the second 110MW stage has been working slowly through its permissions. It only reached its next stage of permissions, which allows output of around 30MW, in recent weeks, but also had to switch off when prices fell below zero and to lows of minus $120/MWh.
In any case, negative prices should not be a long term phenomenon, even if the growth of rooftop solar matches periods of minimum demand, an event that the market operator says could start to occur within a few years.
The addition of more battery storage and pumped hydro will be able to soak up the excess wind and solar output, and act as a “solar sponge”, even when the links to other states are constrained. Certainly, more solar farms will be looking for storage of one to two hours to soak up the output in such events. Being switched off is not part of the business model.
For the moment, installations like the Tesla big battery operated by Neoen at Hornsdale have been having a party this week, getting paid to top up when the prices go negative, and then selling into the grid when prices rise again. As some industry analysts have noted. this is a great opportunities for household solar and “visual power plants”, as well as charging electric vehicles.
Energy Stuff provides a full range of new smart solar systems which can include battery ready inverters or systems with integrated battery storage. All our systems come with smart energy management to provide real time monitoring and energy efficiencies. Finance options are available, simply ask our knowledgeable staff for details.
For further information call 1300 656 205 or go to our website at
Main image: Many houses are hiding ways that your send your bills skyrocketing. Photo: Leigh Henningham
Here they come again, those icy fingers of winter that – unless you’ve been a diligent eco-fundamentalist and very effectively insulated your house against heat-in and heat-out issues – you’re bound to feel sneaking in through any gap in your home’s thermal envelope.
You’ll feel it in the deep south, in the mountains, in the inland on those chilly and starry winter nights, and even in southern Queensland for those few cool weeks of July and August when a breezy Queenslander design works the wrong way. If you haven’t got a heater pumping, you’ll be dreaming of a log fire.
If you’re in a draught-porous house that, as energy efficiency consultant Richard Keech says, “acts like a leaky bucket”, you’ll also feel it in your hip pocket.
Sustainability Victoria says heat loss, which can affect a majority of houses, can push your winter energy bills up by 25 per cent.
And, it gets worse. For every degree you set your heating thermostat above 18-20 degrees, the energy costs rise by 10 per cent.
The cooler weather can have all us of pining for a log fire.
Yet, says Keech, who has conducted 500 energy efficiency assessments on Victorian homes in the past five years, the motivation for people to review their home’s “24/7 uncontrolled ventilation issues” – draughts – is motivated more by their comfort level than it is about reducing costs.
“They find they’re just not warm enough. And when people can’t stay warm or cool enough, it really focuses the mind,” he says.
There are the obvious heat leaks: draughts under doors and the poorly insulated walls, floors and ceilings. “I could go on forever,” says the engineer who has a masters degree in environmental energy efficiency.
But there can also be many unexpected holes in your home’s thermal envelope. Keech lists downlights, extractor fans, wide-mouth chimneys and poorly-sealed door frames and window architraves.
“Even in a well-insulated house the thermal performance will be dominated by the worst performing bit,” he says.
“(Older) downlights can be surprisingly problematic as they’re often designed to let air pass through them. They also leave a hole in the insulation. Some houses have dozens of these lights, and it’s like having a bloody big hole in the ceiling.”
Downlights can be troublesome for allowing draughts into your home. Photo: iStock
Keech says simply replacing bulbs is not recommended because although it does improve lighting efficiency, it’s a lost opportunity to improve other problems. “You need to replace the entire fitting with one of the new sealed LED fittings that are not that much more expensive.”
A similar cumulatively significant cause of heat loss can be all but invisible to the untrained eye. But when he sees a tell-tale line of dust along a window sill or door frame, “it’s a sign of a persistent draught”.
When Keech looks above a window or door jamb, which most home-owners would probably never consider inspecting, he often discovers gaps.
“Typically, they can be enough to put a credit card into. But some are big enough to put a finger into,” he says. “This is sloppy building work, and if they’re in all rooms, in aggregate, they can add up to metres of leaks. Architraves need to be properly sealed.”
Beneath a door, a permanently affixed draught stopper that can be as little as $7 at your local big box hardware outlet, or by adding a sticky strip around the whole door jamb, “are not the best ways to seal a door because they disregard the fact that most doors are warped, typically at the top and the bottom”.
Exhaust fans, when in not use, are also a big culprit. Photo: iStock
Exhaust fans that aren’t spinning can also “let air pass through easily, which is another big hole. You can either replace them or cover them with a backdraught protector”.
Old style chimneys that aren’t in operation are a huge problem but are another of what Keech calls “the low hanging fruit” of his “weak link analysis” of poorly-performing houses, because they too are generally affordable to seal up. “We do that by carving a block of foam rubber that can be used to plug the chimney, but that is also removable.”
Counterintuitively, perhaps, the author of the chattily informative blog New Energy Thinking and a book, The Energy Freedom Home, Keech says it’s the vintage homes that may start with the worst problems but that have greater scope for improvement “because they were better built”.
“A lot of newer homes have problems that are harder to fix because they have more downlights and often have no eaves.”
Energy Stuff provides a full range of new smart solar systems which can include battery ready inverters or systems with integrated battery storage. All our systems come with smart energy management to provide real time monitoring and energy efficiencies. Finance options are available, simply ask our knowledgeable staff for details.
For further information call 1300 656 205 or go to our website at
New rules rushed through by the Queensland Government are likely to hit the commercial solar sector hard when they come into effect in less than two weeks, and will make it harder for the state to meet its own renewable energy target, the Clean Energy Council said today.
Anna Freeman, the Clean Energy Council’s director of energy generation, said the new regulations for solar meant that electricians had to be used for work such as carrying unplugged solar panels or bolting them to a rail.
“This is like having to call in an electrician to hang a TV on a bracket on your wall. It’s absurd. It would be virtually impossible to electrocute yourself by handling an unconnected panel. You’re at greater risk from plugging in a toaster at home,” Freeman said.
“The changes will drive up the cost of building both large solar farms and commercial solar systems installed in places like shopping centres, schools, swimming pools and factories.
“Estimates from solar businesses are that the cost of building commercial projects will increase by 10-20%, delaying the payback period for businesses and schools and making many projects unviable.
“Combined with the effect on large-scale solar farms, these changes will slow the installation of solar across the state and make it more costly for businesses to control their energy costs.
“Not even an electrical apprentice will be able to handle and attach an unconnected solar panel, so the opportunities for apprentices to work in the new solar industry are going to be slashed. At the very time in which the Federal Labor Party announces its commitment to boost apprenticeships in renewable energy, the Queensland Government continues to persist with a regulation that will kill off many clean energy apprenticeships.
“From 13 May, those businesses which already have projects under construction are going to have to wear this extra cost, without the ability to pass this on to their customers. This means many small- to medium-sized businesses will be out of pocket,” she said.
Freeman said the sudden regulatory change had not been justified, with the government not able to demonstrate a single safety incident on a solar farm relating to the mounting and fixing of solar panels.
“To our knowledge, no other jurisdiction on the planet has such extreme and unnecessary regulation in place,” she said.
“We are asking the government to immediately delay this new regulation before people start losing their jobs, so that proper consultation can take place with the solar industry.
“If the Palaszczuk Government is willing to return to the table, we are confident that we can work co-operatively together with all parties to find a way forward that does not destroy jobs and investment.”
Energy Stuff specialises in Residential Solar with emphasis on Repairs, Replacements and upgrades. We also provide new systems, battery storage, Small Commercial, Off-Grid systems and smart monitoring systems. Energy Stuff only uses CEC accredited installers and we fully comply with the Victorian Govt. Solar Rebate Program.
Solar households in New South Wales could soon be paid more for the rooftop generated power they export to the grid, after the state’s recommended feed-in tariff benchmark was raised from the 2018-19 range of 6.9-8.4c/kWh, to 8.5-10.4c/kWh.
NSW pricing regulator IPART said last week that it had decided to boost the recommended FiT range for the 2019/2020 period by around 2c/kWh to keep it in line with the wholesale electricity price, which was forecast to move higher.
The increase in the benchmark rooftop solar FiT range – which serves only to guide retailers, and is entirely voluntary – comes a year after it was controversially slashed by some 44 per cent, from 11.9-15c/kWh in the 2017/18 period to 6.9-8.4c/kWh.
As we reported at the time, IPART justified the cut in the solar FiT by reasoning that wholesale electricity prices were forecast to fall in the coming financial year.
This reasoning was not received well, however, with critics noting that falling wholesale electricity prices could be at least partly attributed to the market impact of rooftop solar.
Now, with electricity prices forecast to go up, so is the recommended FiT range. But IPART still argues that solar households should not be rewarded financially for any benefits their investments might bring to the broader grid, through reducing emissions in the electricity sector, shaving daily peak demand, or avoiding the need for costly infrastructure builds.
In its report published on Friday, the pricing regulator said that while solar panels could help reduce wholesale prices during the day by increasing the supply of electricity in the market, this in turn could cause other generators to exit the market faster, leading to higher prices.
And it pointed to recent reviews by the AEMC and the Victorian Essential Services Commission (ESC) which found that potential network benefits were too variable between location, across times, and between years to be well suited for remuneration via a broad‐based solar tariff.
“Like the other generators that impact prices, solar customers should not be additionally compensated or penalised for their impact on wholesale prices,” IPART says.
“For example, a new gas generator or wind turbine that contributes to reduced wholesale spot prices does not receive any additional payment to reflect the lower wholesale price. It takes the same market price as all other generators, and so all customers benefit from lower prices.
“Likewise, a customer who consumes electricity by switching on an appliance and thereby increasing the market demand for electricity and electricity prices for all customers is not required to compensate the other customers for these higher prices. These are normal outcomes of a competitive market.”
IPART also argues that forcing retailers to pay a higher feed-in tariff to solar households in New South Wales would result in higher costs to retailers, which would mean a roughly $45/year increase in prices across the board, including to non-solar homes.
“Households without solar panels should not have to pay even higher retail prices to reduce the bills of customers with solar panels,” the IPART report says.
“This would disadvantage the households who are unable to install a solar system themselves (for example, because they rent or they cannot afford the upfront costs).”
All that said, the table below – also published by IPART – shows that most retailers in NSW are actually paying a solar feed-in tariff to customers that is higher than the recommended range. In some case, quite a bit higher.
A further table published by IPART (below) shows the range of time-dependent solar feed-in tariff benchmark ranges recommended by IPART – a measure it brought in in the 2018/29 period under request from the state government.
The “specifically requested” change, as IPART explained last year, means retailers can choose to offer a tariff that varies depending on the time of day the solar customer exports to the grid. But as IPART noted in its report last week, most retailers are choosing to ignore this option.
“Retailers may offer different feed-in tariffs throughout the day to reflect (the daily) variation in wholesale prices,” the report says.
“Our time-dependent benchmarks provide guidance about the value of exports at different times. But retailers do not have to offer a time-dependent option for customers, and most are continuing to only offer an average rate for all exports.”
Energy Stuff specialises in Residential Solar with emphasis on Repairs, Replacements and upgrades. We also provide new systems, battery storage, Small Commercial, Off-Grid systems and smart monitoring systems. Energy Stuff only uses CEC accredited installers and we fully comply with the Victorian Govt. Solar Rebate Program.
An international research team led by The Australian National University (ANU) has made a new type of silicon that better uses sunlight and promises to cut the cost of solar technology.
The researchers say their world-first invention could help reduce the costs of renewable electricity below that of existing coal power stations, as well as lead to more efficient solar cells.
Senior researcher ANU Professor Jodie Bradby said silicon was used as the raw material for solar cells because of its abundance, low-cost and non-toxicity.
“But the standard form of silicon does not use all available sunlight,” Professor Bradby said.
“Just by poking silicon with a tiny hard tip, we’ve created a more complex silicon capable of absorbing more sunlight than the standard type commonly used in solar cells.
“We have proved that we can easily make this new kind of silicon—previously thought unobtainable under normal room temperature and pressure—which could be used for making more efficient solar cells and lead to cheaper energy.”
Dr. Sherman Wong, who worked on the study for his Ph.D. at ANU, is the first author of the paper published in the journal Physical Review Letters.
He said the team was exploring a little-known property of silicon—its ability to exist in different crystal forms.
“Silicon can also take many crystal forms that have different and useful properties,” said Dr. Wong, who is now at RMIT University.
“The new type of silicon we’ve created is called r8-Si. Instead of the atoms being square or cubic like in standard silicon, it’s more complex—shaped a bit like a diamond on playing cards, only it’s in 3-D.
“It’s an exciting field and there is a multi-billion dollar industry built around silicon manufacturing, so silicon is a super important material that’s worth optimising.”
Professor Bradby said the team would use unique high-pressure facilities at ANU to develop ways of making enough material to produce a prototype solar cell.
“We now need to measure how well this material absorbs light and behaves electrically,” she said.
“We also need to scale up and then work on integrating this material into existing solar industries. This will take another three to five years.”
The shape and complexity of the r8-Si was measured using X-ray diffraction at the Advanced Photon Source in the United States. The study was conducted with a large group of colleagues at the University of Melbourne and several overseas organisations.
Energy Stuff specialises in Residential Solar with emphasis on Repairs, Replacements and upgrades. We also provide new systems, battery storage, Small Commercial, Off-Grid systems and smart monitoring systems. Energy Stuff only uses CEC accredited installers and we fully comply with the Victorian Govt. Solar Rebate Program.
Results from two recent polls indicate many Australians are on board with accelerating an electric vehicle revolution across the nation.
Early this month, Labor announced its National Electric Vehicle (EV) policy; elements of which include:
A national electric vehicle target of 50 per cent of new car sales by 2030.
A government electric vehicle target of 50 per cent of new purchases and leases of passenger vehicles by 2025.
Provision of an upfront tax deduction to purchase electric vehicles for business purposes.
All federally-funded road upgrades to incorporate electric vehicle charging infrastructure.
Labor’s EV policy may have the Coalition frothing at the mouth, but it seems the Coalition is again out of touch with what Australians think – and even Labor may have underestimated the desire for EVs. The interest in electric cars is looking very much like the interest in solar power in the early days, or more recently, solar batteries.
News.com.au reports a YouGov Galaxy online survey of 861 eligible voters taken between April 10 and 11 found 62 per cent of respondents either supported Labor’s EV policy or thought it should go even further. Approximately 68 per cent either own or expect to buy an electric car in the future. Full results of the survey were yet to appear on the YouGov site at the time of publishing.
50% Support 100% EV New Car Sales By 2025
Last week, The Australia Institute (TAI) published results from a poll indicating half of voting Australians support shifting all sales of new vehicles to electric vehicles by 2025, with just 28% opposed.
62% also supported a government-led program to an electrically charged transport system – including 55% of Coalition voters, 71% of Labor voters, 78% Greens voters, and 54% ‘other’ voters. Only 16% of respondents were opposed to this idea.
“Instead of driving Australia backwards by preserving our gas-guzzlers, any future Government should look to the fine example of countries like Norway who already reached 50% of new car registrations as EVs in 2018 by using popular public incentives to accelerate electric vehicle uptake,” said TAI Climate & Energy Program Director Richie Merzian.
“Our Nordic Policy Centre report shows with the right policy settings from Government, citizens are more than willing to purchase electric vehicles over a petrol car.”
The Australia Institute survey was conducted with 1,536 people between 20 February 2019 and 4 March 2019.
Energy Stuff provides a full range of new smart solar systems which can include battery ready inverters or systems with integrated battery storage. All our systems come with smart energy management to provide real time monitoring and energy efficiencies. Finance options are available, simply ask our knowledgeable staff for details.
For further information call 1300 656 205 or go to our website at
A number of Victorian solar companies are laying off staff after the Victorian Government placed a temporary freeze on a solar panel rebate program.
The $1.3 billion solar homes package started last August and has been so popular that the rebates for this financial year have been fully subscribed.
“We’ll spend the next few weeks processing existing applications in the system and working with the industry to complete the outstanding installations,” a Government spokesperson said.
There are currently more than 30,000 applications in the system and 10,000 rebates have already been paid.
A wider program will be rolled out on July 1 this year which will have, “even more rebates available, along with zero interest loans”, the spokesperson said.
However, since the freeze on new applications came into effect, the work for solar-installation companies like Sky Energy Systems of Melbourne has dried up.
The business’s directors, Sam Kent and Ross Howard, said they had no choice but to cut just over half the company’s staff when customers started cancelling their orders.
‘We’re talking about how many will be let go’
Twenty-five people have been told to finish up work on Friday and another 15 staff could go in two weeks’ time.
“Having no sales is like having no oxygen. You can’t breathe. There’s no business so it’s devastating,” Mr Kent said.
The company employed 40 full-time staff in Keysborough and last year won an industry award as top installer.
“Unfortunately we’ve had to make some tough calls. I’ve actually just got out of a meeting with management where we’re talking about how many will be let go,” Mr Kent said.
“It’s been quite dramatic, not only the cancellations but now the stagnation in sales.
“We do about 20 installations a week and the average sale is about $10,000. About half of those cancelled immediately.”
The Government spokesperson said there was still some work around for businesses, but Mr Kent said it was only enough to tide them over for about two weeks.
Businesses ‘shocked’ by lack of warning
Sunrun Solar owner Tarak Shah had to lay off five of his 10 full-time staff from his Mount Waverly company this week.
“At first when it happened, I couldn’t sleep for a couple of nights, because you think of your staff as your family because they have their own families as well and they’re going to find it really hard,” he said.
“We’re getting to the point where we’re getting no business at all, customers just want to wait for the rebate, so nobody wants to sign up.”
“It’s going to be a really hard couple of months as a small business owner.”
Mr Shah lost eight customers overnight, when the Government announced the freeze.
He said he knows of three solar companies in Melbourne that have had to close their doors completely in the past week.
“You just think, ‘Is it really worth it to keep going? Or should I just shut the door and walk away from the business?’,” he said.
“It was a massive surprise, there was no communication from the Government that this is what they were planning to do, we expected we would have got a bit of notice as business owners, so we could plan ahead — it was a shock to the industry.”
No sales, no business
A petition has been launched on the change.org website calling on the Victorian Government to reconsider the temporary rebate halt.
“Because consumers know that the rebate will return on July 1, they will be holding off making a purchase,” the petition said.
“For these small businesses to survive 15 weeks without sales is unlikely.”
Mr Kent said many other solar companies are based interstate, and use subcontractors in Victoria.
“They’ll disappear interstate until the rebates come back. They are companies that are basically rebate-based so they follow the rebates,” Mr Kent said.
“The other half of the parties are like us, or Mum-and-Dad-type operators who do very-high-quality work.
“For everyone here it’s a mission and as I said we’re a young team and we feel like we’re pulling together to make a difference in the solar industry.”
Mr Kent said the business had shrunk to a skeleton crew and if they survived the next few weeks they would move the business away from residential rebates because the system had become “too volatile”.
Opposition energy spokesman Ryan Smith said the State Government should find the money to continue the scheme until the end of the financial year.
“The problem with the way this has rolled out is that the cap was a surprise to the industry,” Mr Smith said.
“Daniel Andrews needs to step up, acknowledge that his ministers made a wrong decision and either keep the rebates going or detail to business how he’s going to support them, and indeed how he’s going to support the dozens of workers who are now without work.”
Solar industry ‘distress’
CEO of the Clean Energy Council Kane Thornton said the Victorian Government should reallocate some of the funding set aside for the next financial year, to use over the next two months.
“Freezing the rebate program has caused great distress in the industry,” he said.
“I’ve spoken to many businesses, many of them in rural and regional Victoria that are feeling the pain and have already started to reduce the number of people that work in their businesses.
“That’s ultimately because the sales of solar systems will come to a grinding halt through this 10-week period and unfortunately this means these businesses will lose revenue and they’re going to have to take some pretty drastic action as a result.”
Energy Stuff specialises in Residential Solar with emphasis on Repairs, Replacements and upgrades. We also provide new systems, battery storage, Small Commercial, Off-Grid systems and smart monitoring systems. Energy Stuff only uses CEC accredited installers and we fully comply with the Victorian Govt. Solar Rebate Program.
Jinko Solar has won its fifth All Quality Matters Award for PV Module Energy Yield Simulation (Mono Group) at the Solar Congress 2019 organized by TÜV Rheinland.
Evaluation of energy yield simulation is based on performance testing of samples randomly selected from mass production under global conditions that range from irradiance of 100-1100W/m2 and temperatures of 15-75°C.
JinkoSolar ranked first in testing conducted for the mono group and was recognized for outstanding energy yield and its high quality standards.
Solar panel quality is the key to ensure the real electricity output in the field and secure PV project investment, the company said in a statement. A low-quality solar panel will meet a series of module failures like micro-cracks caused by the vibration during transportation, and backsheet failures caused by ambient humidity or ultra-violet radiation, reducing power output.
Independent third party DNV GL performs ageing tests at a more stringent standard than the IEC certificate, in order to highlight the ultimate reliability performance under the extreme outdoor conditions.
Jinko Solar has been the top performer for four consecutive years since 2014.
Energy Stuff specialises in Residential Solar with emphasis on Repairs, Replacements and upgrades. We also provide new systems, battery storage, Small Commercial, Off-Grid systems and smart monitoring systems. Energy Stuff only uses CEC accredited installers and we fully comply with the Victorian Govt. Solar Rebate Program.
Ginlong (Solis) has recently celebrated their accomplishment in being listed on the Shenzhen stock exchange as a public company. Being the first of its kind, the China-based company Solis, is the only stock listed company with the main business in the string inverted sector. Founded in 2005, Ginlong Solis has flourished to be a leading high-level technical research and development team, many of whom are deemed experts within the PV systems field. Until today, Solis’ stock value is over 4 billion RMB and will continue to prosper, which will further build the company’s rapport and credibility internationally.
Landing the stock code: 300763, Ginlong Solis technologies is publicly offering 20 million shares, including 20 IPO shares offered at approximately 26.64 Yuan per share.
Solis has distributed products to more than 80 countries around the globe. Their brand strategy focal point has always outlined product reliability and performance advantage against competitors. The top ten customers for Solis are mostly from Asia, Europe, United States of America, Australia and many more regions and countries throughout the world.
What does this mean for their business?
By going public on the Shenzhen stock exchange, this opportunity has given Solis the platform they needed to expand as a brand internationally. From this, the market will push the brand Solis to more countries around the globe. Having IPOs (initial public offerings) available means that Solis will have the ability to invest more frugally in new products for the Australian market. Solis is a business that customers can place their trust in and rely on for a long time. More solar research and innovation can come into the Australian solar industry via this new change, aiding and growing our current market.More and more business will grow from this positive action which will in the long term, give Solis the credibility and global recognition they need to prosper further into the trusted Australian Solar market. Australian’s will have the opportunity to invest in a well-known and trusted brand, bringing prosperities onto Australian soil.
Energy Stuff specialises in Residential Solar with emphasis on Repairs, Replacements and upgrades. We also provide new systems, battery storage, Small Commercial, Off-Grid systems and smart monitoring systems. Energy Stuff only uses CEC accredited installers and we fully comply with the Victorian Govt. Solar Rebate Program.
