One of North Sydney's best-known commercial buildings could become hundreds of new homes, with insurance giant Zurich Australia lodging a State Significant Development Application (SSDA) to transform 5 Blue Street into a mixed-use residential development above North Sydney Station.

Rather than demolishing the existing building and starting again, Zurich is proposing an adaptive reuse project that would convert the landmark office building into a 15-level residential development delivering 62 apartments, 86 affordable co-living dwellings, activated retail and significant upgrades to the Blue Street Plaza.

The proposal reflects a growing trend of commercial property owners repositioning ageing office assets into residential housing as Sydney grapples with housing supply shortages and changing workplace demand.

<img alt="Zurich" data-entity-type="file" data-entity-uuid="0bba7d12-06dc-4375-aad7-238c94b21ac5" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-22%20at%2010.42.05%E2%80%AFAM.png?VersionId=NJl5oLAEBDGuPmY3RnyliKODjMc8lvRh" />

Located directly above North Sydney Metro and train station, the 3,051 sqm site occupies one of the most strategically positioned parcels of land on Sydney's Lower North Shore.

Designed by fjcstudio, the proposal seeks to retain and adapt much of the existing structure while creating a contemporary residential address that better connects with the public domain surrounding North Sydney Station.

The application proposes two basement levels, ground floor retail, affordable co-living accommodation across the podium levels, and apartments above, while preserving and enhancing the publicly accessible Blue Street Plaza.

Rather than pursuing maximum apartment numbers, Zurich has opted for a housing mix heavily weighted towards larger owner-occupier residences.

The proposal includes 62 build-to-sell apartments comprising 12 one-bedroom, 19 two-bedroom, 29 three-bedroom apartments and two premium penthouses. It also incorporates 86 affordable co-living dwellings, which would be managed in perpetuity by a Community Housing Provider.

That balance between traditional apartments and affordable housing reflects the NSW Government's push to increase housing diversity around major transport infrastructure.

The proposal has been lodged concurrently with a rezoning application, with Zurich arguing the site is ideally positioned to support additional housing given its immediate proximity to public transport, employment and services.

"The proposal aims to respond to the housing challenges facing Sydney through the delivery of diverse housing types in a highly accessible location," the design report by fjcstudio states. It also seeks to improve pedestrian amenity through upgrades to Blue Street Plaza while creating a high-performing residential building that responds to the surrounding context.

<img alt="Zurich" data-entity-type="file" data-entity-uuid="36082e15-c636-4481-bb68-5a5f6443fe39" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-22%20at%2010.41.36%E2%80%AFAM.png?VersionId=5P6VD.fvmqjQfIG3TWWMRXxQWiQBjeFB" />

Rather than replacing the commercial building, fjcstudio has developed a design that works with the existing structural framework above the rail corridor, an approach that significantly reduces demolition while allowing the site to be repositioned as a mixed-use residential precinct.

The existing structural constraints have informed much of the building's design, including its relationship with Blue Street and surrounding public spaces.

The building has been designed as a slender tower rising above a clearly defined podium, with vertically expressed façades intended to reduce the perceived bulk while reinforcing North Sydney's emerging skyline.

According to fjcstudio, the architectural language responds directly to the surrounding commercial towers while maintaining a finer grain expression more closely aligned with the neighbouring Lavender Bay streetscape.

The tower incorporates articulated façade elements, landscaped podium edges and recessed upper levels to soften its appearance and improve pedestrian amenity below.

A significant component of the proposal is the revitalisation of Blue Street Plaza.

The existing public space has long served as one of the primary pedestrian connections between North Sydney Station, Greenwood Plaza and Blue Street, yet its role is expected to become even more important following the opening of Sydney Metro.

Zurich's proposal seeks to strengthen that role by improving landscaping, introducing new retail frontages, enhancing pedestrian permeability and creating more active edges throughout the day and evening.

Ground floor retail would wrap the plaza, while separate residential and co-living entries have been designed to improve wayfinding without reducing street activation.

Landscape design has been integrated throughout the podium and public realm, softening what is currently one of the most heavily urbanised parts of North Sydney.

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fjcstudio has carefully oriented apartments towards Sydney Harbour and the CBD while using privacy blades and articulated façades to minimise overlooking between neighbouring buildings.

Large framed openings along the western elevation maximise harbour outlooks, while the eastern apartments have been angled towards the south-east to improve privacy from neighbouring development.

The project forms part of the continuing transformation of North Sydney from a predominantly commercial CBD into a genuine mixed-use city centre.

Since the completion of Victoria Cross Metro Station, developers have increasingly shifted their attention towards residential projects capable of leveraging the area's unparalleled transport connectivity.

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FiveX recently lodged plans for a 61-storey, 490-apartment tower that would become one of the tallest residential buildings in North Sydney if approved.

Aqualand continues to expand its Lower North Shore presence following the completion of AURA on Walker Street and its recent St Leonards and Roseville proposals.

Developers are also progressing projects throughout Walker Street, Miller Street and the Victoria Cross precinct as demand for well-located owner-occupier apartments continues to strengthen.

Joel Robinson

First look: Zurich targets North Sydney office conversion with 148-unit proposal above Metro station

Busy developer Aqualand Prestige has formally taken the next step in its expansion across Sydney's Lower North Shore, lodging a State Significant Development Application (SSDA) for its long-held Archer Street site in Chatswood.

The application covers <a href="https://www.apartments.com.au/new-apartments/51-55-archer-street-chatswood-nsw-2067">51-55 Archer Street</a>, a 1,767 sqm amalgamated site on the eastern edge of the Chatswood CBD, where the developer is seeking approval for a 45-level mixed-use tower delivering 114 apartments, including a significant affordable housing component, alongside retail, commercial space and six basement levels of parking.

The SSDA marks the latest milestone for a project Aqualand has been quietly progressing over the past two years. The developer first secured the site for its Aqualand Prestige platform before undertaking an alternative design excellence process with PTW Architects, ultimately avoiding a formal design competition through the Housing Delivery Authority pathway.

The proposal has evolved considerably from Aqualand's original concept. The revised scheme has been designed around larger owner-occupier product, with an unusually high proportion of three and four-bedroom apartments, targeting the more affluent buyer profile, and downsizer, emerging across the North Shore.

<img alt="Archer St" data-entity-type="file" data-entity-uuid="0171204c-5811-41b5-9b09-2335d1b7c3d0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-22%20at%208.52.48%E2%80%AFAM.png?VersionId=6YTuxfq.puZo7k2wbfgemcO5K3QfXYGQ" />

The 114-apartment mix comprises six studios, 27 one-bedroom apartments, 18 two-bedroom apartments, 50 three-bedroom residences and 13 four-bedroom homes. A quarter of the building will be dedicated to affordable housing, well above the mandated 15 per cent&nbsp;

PTW has structured the building vertically, with affordable housing across levels one to six, premium apartments through levels seven to 31, duplex skyhomes on klevels 32 to 43, a penthouse on level 44, and a rooftop plant level above. Six basement levels will provide resident parking and servicing.

The tower is proposed to reach approximately 154 metres, placing it among a growing collection of residential high-rises transforming Chatswood's skyline.

Rather than competing purely on height, PTW says the design has been driven by creating a slimmer tower capable of delivering significantly larger apartments.

"The primary objective of this project was to create a distinctive building that stands out from the recently approved or built structures in the Chatswood area," the design report states, noting the structural efficiency allows greater investment into apartment quality and resident amenity.

Residents would have access to more than 450 sqm of communal open space including landscaped gardens, swimming pool, rooftop entertaining areas, fitness spaces, community gardens, children's play areas and barbecue facilities.

A major focus of the design has been the public domain.

The ground plane has been opened up through landscaped terraces inspired by Willoughby's sandstone ridges, with native planting, public seating, artwork, retail activation and a series of gathering spaces intended to soften what has traditionally been a hard commercial streetscape.

The landscape strategy references Blue Gum forests once common throughout the area, while incorporating Indigenous storytelling, public art and lighting installations to strengthen the connection to Country.

Chatswood has been one of Sydney's busiest apartment markets over the past 12 months, with a steady pipeline of both new project launches and fresh development applications.

Hyecorp recently launched Celine, a 122-apartment development just along Archer Street, while Changfa and Huirong Group are progressing The Anderson, an 84-apartment project on Anderson Street.

Develotek recently secured approval for a 101-apartment tower on Pacific Highway, while Tian An LFD received the green light for Hammond Greens, its apartment development on the edge of the Chatswood Bowling Club.

Commercial property developer FiveX is also making its move into the residential market. Last month it lodged plans for a 61-storey tower with 490 apartments, which, if approved, would become one of the tallest residential buildings in Chatswood.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/first-look-fivex-targets-chatswood-skyline-with-61-storey-tower-after-north-sydney-plans">First look: FiveX targets Chatswood skyline with 61-storey tower after North Sydney plans</a>

Aqualand is also expanding its development pipeline following the launch of its luxury residential brand, Aqualand Prestige. The developer has delivered a string of high-end apartment projects across Sydney's affluent suburbs over the past decade, most recently AURA by Aqualand on Walker Street in North Sydney.

[smartcode_project:default project_id=30959 project_image_fid=292863]

It has since quietly assembled its next wave of projects.

Earlier this year Aqualand launched Boronia in Roseville, a boutique 111-apartment development on Larkin Street. The project is one of the first significant apartment developments to launch in the suburb ahead of what is expected to become one of Sydney's most active new housing precincts under the NSW Government's Low and Mid-Rise Housing reforms, which allow greater density around train stations.

[smartcode_project:default project_id=152095 project_image_fid=373685]

The developer has also lodged plans for a two-tower, 413-apartment development on Herbert Street in nearby St Leonards, further strengthening its presence across the Lower North Shore.

Beyond that, Aqualand remains behind the final stage of Barangaroo, where plans will deliver a five-hectare mixed-use precinct comprising new homes, retail, hospitality and community facilities, alongside a new Metro entrance and more than two hectares of public open space, completing the Barangaroo precinct.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/central-barangaroo-development-takes-big-step-with-concept-proposal-approval">Central Barangaroo development takes big step with concept proposal approval</a>

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/first-look-aqualand-joins-st-leonards-apartment-party">First look: Aqualand joins St Leonards apartment party</a> 
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First look: Aqualand pushes ahead with Chatswood apartment tower as SSDA lodged for Archer Street

Mass timber is becoming an increasingly popular construction material in apartment developments, but Adelaide developer <a href="https://www.apartments.com.au/developers/otello">Otello</a> is taking the approach a step further.

At its new <a href="https://www.apartments.com.au/new-apartments/flowe-bowden-18-gibson-street-bowden-sa-5007">Flowe Bowden</a> development, the exposed cross-laminated timber (CLT) structure isn't just about reducing the building's environmental footprint. It also forms the foundation of a broader wellness strategy, influencing everything from indoor air quality and natural materials to the way residents move through and experience the building.

The 115-apartment mixed-use development, designed by Melbourne-based architecture practice Fieldwork, will occupy a prominent island site opposite Bowden Village Reserve, combining one, two and three-bedroom apartments with retail and a dedicated wellness destination.

[smartcode_project:default project_id=152022 project_image_fid=375528]

Wellness isn't confined to a gym or shared resident facility at Flowe. Instead, Fieldwork embedded the concept into the building itself.

The development has been split into two residential wings connected by a naturally ventilated central breezeway, replacing traditional enclosed corridors with open-air walkways that improve natural light, encourage cross ventilation and create more opportunities for neighbourly interaction.

"Rather than treating wellness as something that only happens on the ground floor, our response integrates it throughout the building, which led us to ask what it really means to design a healthy building," Fieldwork Director Quino Holland said.

[smartcode_project:default project_id=152022 project_image_fid=375531]

The building's architecture also reflects Bowden's industrial heritage. The lower podium references the area's historic brick and sandstone buildings, while the upper levels transition to exposed CLT, allowing the timber structure to become a defining feature throughout the apartments and shared spaces.

The use of mass timber sits alongside a range of sustainability initiatives, including a fully electric, gas-free design, rooftop solar and a targeted 5 Star Green Star rating.

[smartcode_project:default project_id=152022 project_image_fid=375524]

Inside the residences, the focus remains on natural, durable materials. Blackbutt engineered timber flooring, exposed CLT ceilings, porcelain surfaces and warm timber joinery create a calming interior palette, while low-VOC finishes and responsibly sourced materials have been selected to improve indoor air quality.

Kitchens have been designed as the centrepiece of each apartment, featuring porcelain island benchtops, timber-look cabinetry and brushed steel tapware, with layouts that maximise natural light and ventilation.

[smartcode_project:default project_id=152022 project_image_fid=375530]

The more traditional interpretation of wellness comes in the form of Level Eleven, a two-storey wellness club spanning the ground floor, mezzanine and first floor.

The facility will include a gym, yoga and reformer Pilates studios, Finnish and infrared saunas, magnesium hot and cold plunge pools, and dedicated recovery spaces. Unlike many residential wellness facilities, Level Eleven will also operate commercially, allowing the broader Bowden community to access the venue while giving residents exclusive membership benefits.

The ground floor has also been designed around everyday living. A café overlooking Bowden Village Reserve will activate the street frontage, while a bike workshop with tool storage, co-working space and dog wash has been incorporated to support daily routines and encourage interaction between residents.

"Flowe brings together my two biggest passions, creating places and creating healthier lives," Otello founder Daniel Harris said.

"We wanted to create something Adelaide hasn't seen before, a genuinely healthy building, where the way you live is lifted without even trying."

Flowe is positioned directly opposite Bowden Village Reserve and within walking distance of Bowden Railway Station and the Adelaide Entertainment Centre, placing future residents just minutes from the Adelaide CBD while remaining connected to one of the city's most established urban renewal precincts.

[smartcode_project_cta:default project_id=152022]

Otello launches wellness-focused Flowe Bowden with Adelaide-first mass timber apartment design

Not all apartment amenities are immediately visible.

Swimming pools, gyms, rooftop terraces and residents' lounges have long featured on buyers' wishlists, but as the way Australians live has changed, so too have the features that make apartment living more convenient.

Increasingly, buyers are placing value on the practical aspects of day-to-day life. Fast internet, EV charging, secure bike storage, flexible workspaces and parcel management are becoming just as relevant as lifestyle amenities, reflecting changing habits and expectations.

Online shopping has been one of the biggest drivers of that shift.

Australians spent a record $82.6 billion shopping online in 2025, with almost one in every four retail dollars now spent digitally, making parcel deliveries a routine part of everyday life rather than an occasional convenience.

For apartment residents, however, receiving those deliveries isn't always straightforward.

Without someone home to accept a parcel, deliveries can be redirected to a nearby Post Office, left in building foyers or common areas, or require building management to temporarily store packages. As apartment living continues to grow across Australia's cities, parcel management has become an increasingly important consideration for both residents and developers.

Australia Post's Parcel Locker network is one response to that shift.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/KPZ9j5FRdsQ?si=Qztc1dNP3ZvEIUhb" title="YouTube video player" width="560"></iframe>

Rather than relying on home delivery, eligible parcels can be directed to a nominated Parcel Locker, where they're securely stored until collected. Once a parcel arrives, residents receive a notification through the AusPost app or SMS and can retrieve it using a one-time code or QR code at a time that suits them.

The network has expanded to more than 1,500 locations nationwide, with Parcel Lockers positioned at Post Offices, shopping centres, supermarkets, transport hubs and, increasingly, within or alongside residential developments.

That growing presence reflects a broader change in how apartment buildings are being planned.

Developers are increasingly considering the operational side of apartment living alongside traditional lifestyle amenities. Just as secure mailrooms, bicycle storage and EV charging have become more common inclusions, parcel management is emerging as another feature that supports everyday convenience.

It also helps preserve the arrival experience within a building. Carefully designed lobbies and communal spaces can quickly become cluttered when deliveries accumulate, while secure parcel solutions reduce the likelihood of missed deliveries or parcels being left unattended.

For buyers comparing apartments, these everyday details are becoming part of the decision-making process.

Location, floorplans and finishes remain fundamental, but the features that simplify daily life are carrying greater weight than they once did. As online shopping continues to shape consumer behaviour, secure parcel delivery is increasingly becoming another amenity worth looking for.

Parcel delivery is joining the apartment amenity checklist

Inca Property Group has lodged a State Significant Development Application (SSDA) for Dawn, a 53-apartment oceanfront development overlooking Mona Vale Beach.

The proposal, at 35-39 Darley Street East, would replace an existing 18-apartment strata building with a new owner-occupier-focused development comprising 53 two and three-bedroom apartments, including nine affordable built-to-rent residences delivered under the State's infill affordable housing scheme.

Positioned on a 2,679 sqm elevated site around 280 metres from Mona Vale Beach, the development has been designed to maximise panoramic ocean views while responding to the site's sloping topography.

<a href="https://www.apartments.com.au/developers/inca-property-group">Inca Property Group</a> Managing Director Josh Thompson said the State Significant pathway provided greater certainty for projects of this scale.

"This State Significant pathway gives the team real certainty to progress <a href="https://www.apartments.com.au/new-apartments/dawn-35-39-darley-street-east-mona-vale-nsw-2103">Dawn</a> through to completion," Thompson said.

"It allows us to acquire a one-off site, design it carefully and deliver the right offering for the suburb, assessed by the NSW Government's planning department."

The project is one of the first developments in the area to be assessed under the NSW Government's Low and Mid-Rise Housing policy, with the site sitting on the edge of the policy's designated inner area.

The proposal includes three basement levels providing 124 car spaces, alongside a range of resident amenities including a swimming pool, gym, sauna, wellness facilities and private plunge pools for selected ground-floor and penthouse apartments.

<img alt="Dawn" data-entity-type="file" data-entity-uuid="fc1a1daf-0ce4-4f12-9076-b1fa553c7a91" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-21%20at%208.42.11%E2%80%AFAM.png?VersionId=4GZ9h.gpNkTljbxyAET8Jfhv51XUamDm" />

Thompson said Dawn had been designed specifically for owner-occupiers and downsizers, a buyer profile that has driven demand across Inca's recent Upper North Shore developments.

"The majority of buyers in our recent North Shore projects have been downsizers, and we are learning exactly what this market is looking for. Beyond the location itself, we have included resort-style amenities to deliver a genuine lifestyle offering," Thompson said.

Located within walking distance of Mona Vale Beach, the town centre, Mona Vale Golf Club and the Royal Motor Yacht Club, Dawn represents Inca's first Northern Beaches project following the sell-out of Tara on Park in Waitara and Ellis Residences, currently under construction in St Ives.

Construction will be undertaken by Inca's in-house construction arm, GOP Constructions.

Dawn is the latest major apartment proposal for Mona Vale, with the suburb emerging as one of the key beneficiaries of the NSW Government's new Low and Mid-Rise Housing policy.

New developer One Living, led by industry veteran Joseph Scuderi, recently secured a site on Mona Vale Road, on the border of Mona Vale and Pymble, where it is planning around 140 apartments.

IPM is also planning its third project in Mona Vale, significantly increasing the scale of its previous developments with an 82-apartment proposal at <a href="https://www.apartments.com.au/new-apartments/159-167-darley-street-west-mona-vale-nsw-2103">159-167 Darley Street West</a>, opposite Bayview Golf Course and less than 800 metres from Mona Vale town centre.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/one-living-enters-sydneys-new-apartment-market-with-northern-beaches-site-acquisition">One Living enters Sydney's new apartment market with Northern Beaches site acquisition</a>

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/first-look-ipm-plans-third-mona-vale-project">First look: IPM plans third Mona Vale project</a>

First look: Inca eyes Mona Vale with State Significant DA for Dawn apartments

Solar Panels

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SPONSORED POST
A beautiful masterplanned estate in the heart of the booming Logan growth corridor is the first to tap into Choice Homes' new partnership with SunYield Solar.
The picturesque <a href="https://www.choicehomes.com.au/estate/the-highlands" target="_blank">The Highlands estate</a> is inspired by nature and designed to bring the outdoors in.
Close to shopping, public transport and the central business districts of Beenleigh, Logan and Springwood, Highlands balances nature with convenience.
Logan's year-round sunshine makes it the perfect location to launch Choice Homes' partnership with SunYield, which provides every new house a solar energy package.
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With easy access to the M1, the estate is ideally positioned with the Gold Coast just 35 minutes south and Brisbane CBD 30 minutes to the north.
Residents can enjoy a tranquil lifestyle while remaining close to all the urban facilities they could need.
Just minutes from Eden’s Landing State School, Canterbury College and more than 21 public and private schools and numerous childcare centres in the Logan region, The Highlands provides families with every convenience.
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The picturesque Highlands estate is inspired by nature and designed to bring the outdoors in.
Close to shopping, public transport and the central business districts of Beenleigh, Logan and Springwood, Highlands balances nature with convenience.
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<li>Easy access to M1, with the Gold Coast just 35 minutes south and Brisbane CBD 30 minutes to the north</li>
<li>Residents can enjoy a tranquil lifestyle</li>
<li>Minutes from Edens Landing State School, Canterbury College and more than 21 public and private schools and numerous childcare centres </li>
</ul>
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Landlords and tenants are set to both benefit financially with Sunyield, Stoddart Group's new solar technology.
A new batch of homes in Queensland will see the solar panels save as much as $275 a year on electricity.
The SunYield package includes a 6.5 KW solar power system, combined with a Stoddart Smart Board that replaces the standard meter box on a new home.  
SunYield is also battery ready, allowing landlords to add batteries as they become cheaper and increase the proportion of solar-generated power sold to the tenant.
Choices Homes director Troy Knight said the innovative technology is good for his customers, their tenants and the environment.
“We're always looking for ways to offer our customers a better investment, which made the decision to put SunYield on every home a simple one," he said.
“For our customers, it means an increased rental return and a home that's easier to rent.
"For our company, it means being one of the first to offer an innovative product that is good for our customers, their tenants and the environment.  
The Australian-first technology was designed locally and is being launched in Queensland with leading investment builders Choice Homes, Creation Homes, Brighton Homes and MetInvest, with each including SunYield as standard on their new homes. 
Stoddart Group's general manager for energy systems Adam Taylor says solar energy usage was once a difficult conversation with landlord and tenant before the new technology.
“It was too difficult to manage," he said.
“With SunYield, if the tenant chooses to use the solar panels, all solar and grid power is measured automatically via a smart switchboard and the tenant receives a single monthly power bill for all electricity consumed from both the solar and the grid.
“Renters have long missed out on the benefits of solar power simply because it was too hard or complicated for landlords to justify the cost.
“SunYield changes this by ensuring that solar on a new rental property is a good deal for the landlord, as well as the tenant.  
The process is completely automated, with the landlord then receiving a payment for all solar generated, whether it was used by the tenant or sent to the grid.
“With this technology, the landlord owns the solar system and can either sell the power to their tenant at a discount to the market rate or export it to the grid if the tenant chooses not to buy it.”
To download Choice Homes Urban Appeal 2019 magazine, <a href="https://www.choicehomes.com.au/estate/sovereign-estate" target="_blank">click here</a>.
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j.ballantyne1990-6AQqhLzZaK

Choice Homes partner with SunYield Solar for Logan's new Highlands Estate

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GUEST OBSERVATION
As Australians seek to <a href="https://theconversation.com/australia-has-two-decades-to-avoid-the-most-damaging-impacts-of-climate-change-104409" target="_blank">control rising energy costs</a> and tackle the damaging impacts of climate change, rooftop solar has boomed.
To manage the variability of rooftop solar – broadly, the “no power at night” problem – we will also see a rapid increase in battery storage.
The question is: what will happen to these panels and batteries once they reach the end of their life?
If not addressed, ageing solar panels and batteries will create a <a href="https://www.smh.com.au/politics/federal/waste-crisis-looms-as-thousands-of-solar-panels-reach-end-of-life-20190112-p50qzd" target="_blank">mountain of hazardous waste for Australia</a> over the coming decades.
Our research, published recently in the <a href="https://www.sciencedirect.com/science/article/pii/S0959652618336321" target="_blank">Journal of Cleaner Production</a>, looked at the barriers to managing solar panel waste, and how to improve it.
A potentially toxic problem
Solar panels generally last about 20 years. And lead-acid and lithium-ion batteries, which will be the most common battery storage for solar, last between five and 15 years. Many solar panels have already been retired, but battery waste will start to emerge more significantly in 2025. By 2050 the projected amount of waste from retired solar panels in Australia is over 1,500 kilotonnes (kT).
<img src="https://images.theconversation.com/files/275370/original/file-20190520-69189-10eryit.png?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;fit=clip" alt="">
Mass of end of life solar panels (a) and battery energy storage (b) 2020-2050. Salim et al. 2019
Solar panels and batteries contain valuable materials such as metals, glass, ruthenium, indium, tellurium, lead and lithium.
Recycling this waste will prevent environmental and human health problems, and save valuable resources for future use.
Product stewardship
Australia has a <a href="https://www.environment.gov.au/protection/waste-resource-recovery/product-stewardship/consultation-review-ps-act-incl-ntcrs" target="_blank">Product Stewardship Act</a>, which aims to establish a system of shared responsibility for those who make, sell and use a product to ensure that product does not end up harming the environment or people at the end of its life.
In 2016, solar photovoltaic (PV) systems were added to a <a href="http://www.environment.gov.au/protection/waste-resource-recovery/product-stewardship/legislation/product-list-2017-18" target="_blank">priority list</a> to be considered for a scheme design. This includes an assessment of voluntary, co-regulatory and regulatory pathways to manage the waste streams.
Sustainability Victoria (on behalf of the Victorian state government and with the support of states and territories) is leading a national investigation into a system of shared responsibility for end-of-life solar photovoltaic systems in Australia. Our research project has supported the assessment process.
Industries play a crucial role in the success of any product stewardship scheme. As we move into assessing and testing possible schemes, Australia’s PV sector (and other stakeholders) will have critical input.
A preferred product scope and stewardship approach will be presented to environment ministers. Scheme design and implementation activities are tentatively set to start in 2020.
Moving towards a circular economy
Federal and state environment ministers recently agreed to update the <a href="http://www.environment.gov.au/system/files/resources/d523f4e9-d958-466b-9fd1-3b7d6283f006/files/national-waste-policy-2018.pdf" target="_blank">National Waste Policy</a> to incorporate the principles of a <a href="https://theconversation.com/explainer-what-is-the-circular-economy-23298" target="_blank">circular economy</a>.
This approach aims to reduce the need for virgin raw materials, extend product life, maintain material quality at the highest level, prioritise reuse, and use renewable energy throughout the process.
Businesses in Australia currently have little incentive to innovate and improve the recycling rate. By helping implement circular business models such as lease, refurbishment and product-service systems, we can boost recycling, reduce collection costs and prolong tech lifetimes.
Requiring system manufacturers, importers or distributors to source solar panels and batteries designed for the environment makes both economic and environmental sense. By doing so, recyclers will recover more materials and achieve higher recirculation of recovered resources.
Consumers need to be provided with proper guidance and education for responsible end-of-life management of solar panels and batteries.
Immature domestic recycling capability
Now that <a href="https://theconversation.com/chinas-recycling-ban-throws-australia-into-a-very-messy-waste-crisis-95522" target="_blank">China is no longer accepting waste for recycling</a>, Australia needs to rapidly develop its domestic recycling industry. This will also spur job creation and contribute to the green economy.
Given Australia is struggling to recycle simple waste, such as cardboard and plastics, in a cost-effective way, we need to question our capability to deal with more complex solar PV and battery waste.
Australia currently has little capacity to recycle both <a href="http://reclaimpv.com/" target="_blank">solar panels</a> and <a href="https://envirostream.com.au/" target="_blank">batteries</a>.
And even if China were to suddenly start accepting Australia’s waste – an unlikely proposition – we cannot simply export our problem. As a signatory to the <a href="http://www.basel.int/Countries/StatusofRatifications/PartiesSignatories/tabid/4499/Default.aspx" target="_blank">Basel Convention</a>, exporting hazardous materials requires permits.
A previous study suggests half of Australia’s scrap metal is <a href="https://www.sciencedirect.com/science/article/pii/S0892687514003707" target="_blank">exported for overseas processing</a>, which indicates the lack of incentives for domestic recycling.
Even if we build domestic recycling capability for solar panels and batteries, it will be underused while landfills remain available as a low-cost disposal option.
It’s promising that South Australia and the ACT have banned certain e-waste categories from entering landfill, while Victoria will implement an all-encompassing e-waste landfill ban from July 1 2019. This means any end-of-life electrical or electronic device that requires an electromagnetic current to operate must be recycled.
Creating a circular economy for solar and battery waste will need a strong commitment from policymakers and industry. Ideally, we need to prioritise reuse and refurbishment before recycling.
If we combine sensible policies with proactive business strategy and education to promote recycling rates, we can have a reliable and truly sustainable source of renewable energy in this country.
The authors would like to acknowledge the contribution of Michael Dudley from Sustainability Victoria to this article.<img src="https://counter.theconversation.com/content/117421/count.gif?distributor=republish-lightbox-basic" alt="The Conversation" width="1" height="1" style="border: none !important; box-shadow: none !important; margin: 0 !important; max-height: 1px !important; max-width: 1px !important; min-height: 1px !important; min-width: 1px !important; opacity: 0 !important; outline: none !important; padding: 0 !important; text-shadow: none !important;">
Rodney Stewart, Professor, Griffith School of Engineering, Griffith University
Hengky Salim, PhD Candidate, Griffith University
Oz Sahin, Senior Research Fellow, Griffith University
This article is republished from <a href="http://theconversation.com" target="_blank">The Conversation</a> under a Creative Commons license. Read the <a href="https://theconversation.com/theres-a-looming-waste-crisis-from-australias-solar-energy-boom-117421" target="_blank">original article</a>.
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There’s a looming waste crisis from Australia’s solar energy boom

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A Queensland Government scheme to install solar and battery storage units in houses and small businesses seems set to be under-subscribed when it closes on June 30.
Energy Minister Anthony Lynham is urging Queenslanders to join the scheme.
It provides interest-free loans and grants for solar and battery storage.
“Installing a solar battery can save you up to $600 a year, even after taking into account loan repayments,” he said. 
“This is a great opportunity to cut your power bill and your emissions.
“The clock is ticking on the scheme: check your eligibility, get a quote from an approved supplier and apply before it’s too late.”
More than 3000 home and small business owners have already applied for funding under the $21 million scheme.
It was designed to help about 4000 families and small businesses. 
Property owners can get grants of $3000 for batteries and interest-free loans of up to $10,000 for rooftop solar panels and batteries.
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Queensland government solar scheme for houses ends June 30

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The rate of growth in residential rooftop solar photovoltaics (PV) in Australia since 2008 has been nothing short of breathtaking.
Our new research suggests that the households most likely to join in the solar spree are those that are affluent enough to afford the upfront investment, but not so wealthy that they don’t worry about their future power bills.
Australia now has the <a href="https://www.propertyobserver.com.au/http://pv-map.apvi.org.au/historical#4/-26.67/134.12" target="_blank">highest penetration</a> of residential rooftop PV of any country in the world, with the technology having been installed on one in five freestanding or semi-detached homes. In the market-leading states of Queensland and South Australia this ratio is about one in three, and Western Australia is not far behind, with one in four having PV.
<a href="https://images.theconversation.com/files/221436/original/file-20180603-142072-rsg9fx.png?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=1000&amp;fit=clip"><img src="https://images.theconversation.com/files/221436/original/file-20180603-142072-rsg9fx.png?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;fit=clip" alt=""></a>
The explosion in rooftop PV uptake since 2008. Derived from Clean Energy Regulator data.
While PV panels give households more control over their electricity bills, and each new installation helps reduce greenhouse gas emissions, the market’s rapid expansion has posed <a href="https://theconversation.com/slash-australians-power-bills-by-beheading-a-duck-at-night-27234" target="_blank">significant challenges</a> for the management of the electricity system as a whole.
Unlike other industries where goods can be warehoused or stockpiled to manage fluctuations in supply and demand, electricity is not yet readily storable. Storage options such as batteries are now <a href="https://theconversation.com/the-tesla-battery-heralds-the-beginning-of-the-end-for-fossil-fuels-41197" target="_blank">commercially available</a>, but haven’t yet reached widespread use. This means that a system operator is required to keep the grid balanced in real time, ideally with just the right amount of capacity and backup to manage shocks in supply or demand.
Securing the right amount of generation capacity for the electricity grid relies on long-term planning, informed by accurate supply and demand forecasts. Too much investment means excessive prices or assets lying idle (or both). Too little means longer, deeper or more frequent blackouts.
But as solar panels spread rapidly through the suburbs, the job of forecasting supply and demand is getting much harder.
This is because the commercial history of residential rooftop PV has been too short, and the pace of change too fast, for a clear uptake trend to be established. Previous attempts to predict the market’s continuing growth have thus entailed a lot of guesswork.
<h2>Why do people buy solar panels?</h2>
One way to improve our understanding is to talk to consumers directly about their purchasing intentions and decisions. The trick is to find out what prompts householders to take that final step from considering investing in solar panels, to actually buying them.
This was the approach we took with our research, <a href="https://www.sciencedirect.com/science/article/pii/S1364032118303769" target="_blank">published today in the international journal, Renewable and Sustainable Energy Reviews</a>. We analysed data from a survey of more than 8,000 Queensland households in 2014 and 2015, part of a <a href="https://www.ergon.com.au/network/manage-your-energy/queensland-household-energy-survey" target="_blank">survey series</a> commissioned by an industry group now known as <a href="https://www.energyq.com.au/" target="_blank">Energy Queensland</a>.
<a href="https://images.theconversation.com/files/221437/original/file-20180603-142102-18m0kdj.png?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=1000&amp;fit=clip"><img src="https://images.theconversation.com/files/221437/original/file-20180603-142102-18m0kdj.png?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;fit=clip" alt=""></a>
Comparison of motivational factors between surveyed PV intenders and adopters. Bondio, Shahnazari &amp; McHugh (2018).
We found that the decision to go solar was driven largely by housholds’ concerns over rising electricity bills and the influence that economic life events have over perceptions of affordability.
But the households that tended to adopt PV were also those that were affluent enough not to be put off by the relatively large upfront cost.
This combination of having access to funds, while at the same time being concerned about future electricity prices, appears to be a broadly middle-class trait.
While the upfront cost of PV can deter lower-income households, this can be overcome by receiving an offer that is too good to refuse, or if concerns about ongoing electricity bills are acute – particularly in the case of retirees.
Electricity price uncertainty is a particular concern for retirees, who typically have a lower income. We found that retirees were more likely than non-retirees to invest in solar panels, all else being equal. Retirees, like many people who invest in solar power, seem to view buying solar panels as being like entering into a long-term contract for electricity supply, in that it provides price certainty over the life of the PV system.
We also found that while the idea of self-sufficiency was important for developing an intention to buy solar panels, this motivation later fell away among households that went ahead and bought them. This could be because householders who buy solar panels, but find themselves still relying significantly on the grid, may conclude that self-sufficiency isn’t achievable after all.
About one-third of those who said they intended to buy solar panels cited environmental concerns as a reason for their interest. Yet this factor did not significantly increase the odds of them going on to adopt the technology. This suggests that when it comes to the crunch, household finances are often the crucial determining factor.
We also found the chances of adopting solar panels were highest for homes with three or four bedrooms. Smaller homes may face practical limitations regarding roof space, whereas homes with five bedrooms or more are likely to be more valuable, suggesting that these householders may sit above a wealth threshold beyond which they are unconcerned about electricity bills.
But perhaps our most important finding is that analysis of household survey data can be useful to forecasters. Knowing who is adopting rooftop PV – and why – should enable better predictions to be made about the technology’s continuing expansion, including the crucial question of when the market might reach its saturation point.
The research paper can be downloaded <a href="https://authors.elsevier.com/c/1XCoS4s9HvtwmP" target="_blank">here</a> for free until August 1, 2018.
<a href="https://theconversation.com/profiles/adam-mchugh-15147" target="_blank">Adam McHugh</a>, Honorary Research Associate, <a href="http://theconversation.com/institutions/murdoch-university-746" target="_blank">Murdoch University</a>
This article was originally published on <a href="http://theconversation.com" target="_blank">The Conversation</a>. Read the <a href="https://theconversation.com/are-solar-panels-a-middle-class-purchase-this-survey-says-yes-97614" target="_blank">original article</a>.
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Are solar panels a middle-class purchase?

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Leading office-products supplier COS has invested $1 million in installing over 1,500 solar panels at its facilities as it works towards zero carbon emissions.
The decision to invest in the panels came after an audit showed electricity to be contributing almost 50 per cent to the company’s carbon emissions.
COS’ solar energy farms in Sydney, Melbourne and Brisbane are expected to produce 80 per cent of power usage at each site. The panels at its Sydney facility alone covers over 6,060 square metres. 
These three sites will produce more than 611 megawatt hours per annum and reduce COS’ carbon emissions by 532 tonnes per year – equivalent to removing 133 cars off the road and growing 3,191 mature trees — according to a media release.
COS managing director Dominique Lyone said the company being privately owned means it has the freedom to make long-term decisions that may not have an immediate return on investment. 
“This move reflects our commitment to embracing new technology to protect natural resources and create sustainable solutions that benefit current and future generations. We hope this inspires other organisations to reduce their carbon footprint,” he added
COS worked with solar energy equipment supplier Sun Connect to install the solar panels at each site.
Sun Connect CEO Mark Tuke said the COS project was one of the largest commercial solar panel installations Sun had undertaken.
The COS website will also feature live data showing the amount of energy generated from its solar energy farms. 
“The solar energy farms actually produce more energy than we need with 25 per cent being fed back into the electricity grid. The next phase of this project will involve further investigation into battery storage solutions to move us closer to our goal of a zero emissions future,” said Lyone.
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jonathanchancellor-7SQnKwU6yx

Office products supplier COS spends $1 million on solar energy farms to power its offices

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GUEST OBSERVER
This year many Australian households will find themselves cut off from generous incentives paid for electricity they export into the grid from rooftop solar systems. 
Between September and December, state feed-in tariff (FiT) schemes in New South Wales, Victoria and South Australia will finish.
The FiTs applying to over 275,000 customers will drop from between 16 and 60 cents per kilowatt hour to between 5 and 7.2 cents per kWh.
In NSW, the replacement FiT won’t be mandatory, with retailers allowed to decide what they pay. Of course, many of those customers have already recouped their investment. 
Now that our rooftop solar industry has matured, we need to reconsider the purpose of FiTs and align them with our goals for the electricity system in the future.
<h2>Why pay solar households?</h2>
FiTs have been hugely important in getting the global solar industry to where it is now. Solar electricity costs have fallen to levels that were unimaginable just 10 years ago.
Governments have traditionally used FiTs to achieve a policy aim, such as increasing renewable energy production by bridging the gap between current costs of electricity and the cost of new sources. 
Australian states began to introduce mandated FiTs in 2008. There has never been a national FiT in Australia, and Queensland, NSW and the ACT no longer have mandated FiTs. However, many electricity retailers offer FiTs, even when not mandated by government. 
<a href="/images/2016/12/09/image-20161107-27908-bq13sc.png" target="_blank">Click to enlarge</a>
<h4><img src="/images/2016/12/09/image-20161107-27908-bq13sc.png" alt=""></h4>
<h4>Current state of feed-in tariffs in Australia for new customers. Authors</h4>
The costs of FiTs are recovered in different ways, depending on whether they are government-mandated or not, but ultimately they fall on all electricity consumers. As governments wind back mandated FiTs, it’s assumed that FiTs will be roughly cost-neutral. 
<h2>Have they worked?</h2>
Residential solar installations soared after the introduction of FiTs in 2008.
Installations quadrupled each year in Australia until 2012, leading to 11,600 jobs and the highest penetration of households with rooftop solar in the world.  
This boom stimulated a competitive solar market in which residential installation costs have plummeted (as you can see below).
Australia now enjoys some of the lowest installation costs for rooftop solar in the world.
The trick that state policymakers missed, however, was making FiT policies sustainable. 
Early FiTs were excessively high, especially in NSW and Queensland, causing policy fallout and sudden withdrawal.
This was partly because the rapid reduction in solar prices exceeded expectations.
For example, the NSW government was forced into a hasty reassessment of its 2010 policy in order to prevent a cost blowout after massively underestimating the level of uptake.
By October 2010, just 10 months after it began, the NSW gross FiT was slashed from 60 to 20 cents per kWh. The scheme was closed to new participants in April 2011. 
Across Australia most states cut or entirely removed FiTs within four years. Most current FiTs are now well below retail prices.
This means that customers are being encouraged to use as much as possible of their solar energy to power their own homes rather than exporting it to the grid.
This is one of the reasons why the system size for solar installations in Australia tends to be smaller than elsewhere.
The fallout from these unsustainable FiT policies has unfortunately polarised the national conversation about solar.
Hundreds of thousands of solar power system owners are facing bill shock as FiTs are withdrawn, while those who do not have solar have been told they are footing the bill for their neighbours’ systems.
Politicians have sought to capitalise on this discontent, by blaming solar tariffs for high electricity prices. In many states, the actual value of rooftop solar has been pushed out of the conversation.
<h2>The real value of solar</h2>
A recent Victorian report found that the value of solar energy depends on when electricity is fed into the grid.
Solar energy is more valuable when exported to the grid at times of peak demand. 
The report argued that the value of solar should account for the reduction in transmission losses (the losses associated with transporting electricity from large power plants over great distances) and environmental effects, primarily the reduction in greenhouse gases from displacing fossil fuel generation. 
Solar installations can potentially add value in other ways too. For example, installing battery storage along with solar systems may allow domestic solar systems to offer other network services such as frequency and voltage control. 
Encouragingly, since the report the Victorian government has bucked the national trend and announced a multi-rate FiT scheme. 
The scheme offers different rates for exporting during peak, shoulder and off-peak times.
It will also reward solar owners for the greenhouse gas offsets related to their system’s output.
The scheme is expected to raise FiTs from around 5c per kWh to an average of between 6.5c and 7c per kWh. 
<h2>What next?</h2>
Nationally, we need to refocus the conversation about the purpose and value of FiTs.
Having already established a world-leading solar industry, we need to ask what FiTs can do for us now and into the future. 
If we want our electricity system to take advantage of technological advances, such as battery storage, we need to repurpose our FiTs to reflect the benefits of these technologies.
The Victorian example is a great step forward, providing a mechanism where consumers can leverage Australia’s low installation costs to become players in a more competitive energy market. 
But there are even more benefits to distributed energy systems that could be realised with intelligently applied FiTs.
This means we need more consideration of what solar systems can do for us, and less simplistic conversations about electricity costs.
Joe Wyndham is research analyst, Institute for Sustainable Futures, University of Technology Sydney and can be contacted <a href="https://theconversation.com/profiles/joe-wyndham-296652" target="_blank">here.</a>
Jay Rutovitz is research director, Institute for Sustainable Futures, University of Technology Sydney and can be contacted <a href="https://theconversation.com/profiles/jay-rutovitz-301794" target="_blank">here</a>.
Both are authors for The Conversation.
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jchancellor-FAypfDUnLy

To pay solar households fairly, we need to understand the true value of solar

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<img src="https://counter.theconversation.edu.au/content/63382/count.gif" alt="The Conversation" width="1" height="1">
GUEST OBSERVER
Solar households in Victoria, South Australia and New South Wales will this year cease to be paid for power they export into the electricity grid.
In South Australia, some households will lose 16 cents per kilowatt-hour (c/kWh) from September 31. Some Victorian households will lose 25 c/kWh, and all NSW households will stop receiving payments from December 31.
These “feed-in tariffs” were employed to kick-start the Australian solar photovoltaic (PV) industry. They offered high payments for electricity fed back into the grid from roof-mounted PV systems. These varied from state to state and time to time.
For many householders, these special tariffs are ending. Their feed-in tariffs will fall precipitously to 4-8 c/kWh, which is the typical rate available to new PV systems. In some cases households may lose over A$1,000 in income over a year.
But while the windback may hurt some households, it may ultimately be a good sign for the industry.
<h2>What can households do?</h2>
At present, householders with high feed-in tariffs are encouraged to export as much electricity to the grid as possible. These people will soon have an incentive to use this electricity and thereby displace expensive grid electricity. This will minimise loss of income.
Reverse-cycle air conditioning (for space heating and cooling) uses a lot of power that can be programmed to operate during daylight hours when solar panels are most likely to be generating electricity. The same applies to heating water, either by direct heating or through use of a heat pump. For heating water, solar PV is now competitive with gas, solar thermal and electricity from the grid.
Batteries, both stationary (for house services) and mobile (for electric cars), will also help control electricity use in the future.
<h2>A boost for the industry?</h2>
The ending of generous feed-in tariffs is likely to modestly encourage the solar PV industry. This is because many existing systems have a rating of only 1.5 kilowatts (kW), which could not have been increased without loss of the generous feed-in tariff.
Many householders will now choose to increase the size of their PV system to 5-10kW – in effect a new system given the disparity in average PV sizing between then and now.
A new large-scale PV market is also opening on commercial rooftops. Many businesses have daytime electrical needs that are better matched to solar availability than are domestic dwellings.
This allows businesses to consume the large amounts of the power their panels produce and hence minimise high commercial electricity tariffs. The constraining factors in this market are often not technical or economic, and include the fact that many businesses rent from landlords and tend to have short terms for investment. Business models are being developed to circumvent these constraints.
The rooftop PV market also now has large potential in competing with retail electricity prices. The total cost of a domestic 10kW PV system is about A$15,000. Over a 25-year lifetime this would yield an energy cost of 7 c/kWh.
This is about one-quarter of the typical Australian retail electricity tariff, about half of the off-peak electricity tariff, and similar to the typical retail gas tariff. Rooftop PV delivers energy services to the home more cheaply than anything else and has the capacity to drive natural gas out of domestic and commercial markets.
According to the Australian Bureau of Statistics, there are 9 million dwellings in Australia, and the floor area of new residential dwellings averaged 200 square metres over the past 20 years. Some of these dwellings are in multi-storey blocks, others have shaded roofs and, of course, south-facing roofs are less suitable than other orientations for PV.
However, if half the dwellings had one-third of their roofs covered in 20 percent efficient PV panels then 60 gigawatts (GW) could be accommodated. For perspective, this would cover 40 percent of Australian electricity demand. Commercial rooftops are a large additional market.
<h2>Solar getting big</h2>
Virtually all PV systems in Australia are roof-mounted. However, this is about to change because ground-mounted PV systems are becoming competitive with wind energy. We can see the falling cost of solar in the Queensland Solar 120 scheme, the Australian Capital Territory wind and PV reverse auctions and the Australian Renewable Energy Agency Large Scale Solar program , which all point to the declining cost of PV and wind.
Together, wind and PV constitute virtually all new generation capacity in Australia and half of the new generation capacity installed worldwide each year.
The total cost of a 10-50 megawatt PV system (1,000 times bigger than a 10kW system) is in the range A$2,100/kW (AC). A 25-year lifetime yields an energy cost of 8 c/kWh. This is only a little above the cost of wind energy and is fully competitive with new coal or gas generators.
Hundreds of 10-50MW PV systems can be distributed throughout sunny inland Australia close to towns and high-capacity powerlines. Australia’s 2020 renewable energy target is likely to be met with a large PV component, in addition to wind.
Wide distribution of PV and wind from north Queensland to Tasmania minimises the effect of local weather and takes full advantage of the complementary nature of the two leading renewable energy technologies.
The declining cost of PV and wind, coupled with the ready availability of pumped hydro storage, allows a high renewable electricity fraction (70-100 percent) to be achieved at modest cost by 2030.
Andrew Blakers professor of engineering, Australian National University and author for The Conversation. He can be contacted <a href="https://theconversation.com/profiles/andrew-blakers-3328" target="_blank">here</a>.
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Solar households to lose subsidies, but it’s a bright future for the industry

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Impact Investment Group (IIG) has launched a $100 million Solar Income Fund with exclusive rights to buy around $60 million of Australian solar infrastructure projects in varying stages of construction.
The Fund has a target to deliver investors a pre-tax Internal Rate of Return of approximately 10 percent and is led by IIG Head of Renewable Energy Infrastructure Lane Crockett and overseen by an independent board chaired by Ross Garnaut AO.
During the life of the fund the pool of assets are expected to reduce carbon emissions by around 1.2 million tonnes.
IIG Solar Income Fund Chair Ross Garnet said the fund aims to provide attractive and stable returns to investors with positive social and environmental benefits. 
Seed assets include the Karratha Solar Farm land the Mount Majura and Williamsdale solar farms located in the Australian Capital Territory. The Fund will only acquire fully operational solar farms and assets will have long-term contracted or regulated off-take arrangements with Australian governments and/or investment-grade commercial counterparties, and will typically range between 1MWp-30MWp in size.
For more information, <a href="https://www.impact-group.com.au/portfolio/solar-income-fund" target="_blank">click here</a>.
 
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Impact Investment Group launches $100m solar income fund

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A new report has found in 2015 Australia’s had the 7th highest number of solar PV systems installed in the world, equating to one solar panel per Australian resident.
The Clean Energy Australia 2015 report shows renewable energy provided 14.6 percent of Australia’s electricity in 2015 - enough to power 6.7 million homes, up on the 13.5 per cent of electricity delivered by renewables the year before despite a significant drop in hydro generation due to lower rainfall. 
<div>
<ul>
<li>Wind and solar generation rose by more than 20 percent. </li>
<li>Rooftop solar power is now at 5 gigawatts capacity which is equivalent to a power station large enough to light up all the homes in Brisbane and Perth. </li>
<li>Five new wind farms were built in 2015 as well as eight solar farms larger than 1 megawatt capacity. </li>
<li>More than 14,000 people are employed in the renewable energy industry, which is still recovering from the 5000 jobs that were lost (one in four) between 2011-12 and 2014-15.</li>
</ul>
For more information, or to download the report, click <a href="https://www.ren21.net/gsr" target="_blank">here</a>.
 
</div>
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