Each hour 430 quintillion watts of energy from the sun hits the Earth. That’s 430 with 18 zeroes after it!
Wind power is one of the fastest-growing renewable energy technologies.
Humans consume 23,398,000 GW/h of electricity per year.
Yole Energy is a power development business founded in 2018 by an elite group with extensive experience in planning, development, financing, and commercialisation of solar and wind power generation and transmission infrastructure in Australia and China.
With its business acumen and well-developed development philosophy and methodology, Yole positions itself as the leading solar and wind developer in the sector it pursues.
The team has identified VIC, QLD, WA, SA and NSW as its strategic geographic focus based on the huge development potential of large-scale renewable sources in the two states.
Yole Energy aims to develop a series of medium to large size (50MW-200MW) green-field solar and wind power projects in the boundary of the National Electric Market (NEM) in Australia to the extent that enjoys high value in the renewable projects’ market and transfer them to a buyer that offers a competitive price.
By aggregating thousands of individual home batteries, virtual power plants allow renewable energy to be injected into the grid with lightning speed to address frequency and voltage imbalances, local disruptions, or disturbances and keep the network stable.
The effects of climate change have many scientists and technologists looking toward the future with renewable energy sources in mind. Solar and wind power systems are an eco-friendly energy option, but they are dependent upon certain weather conditions to operate at full capacity. Energy storage systems are one solution to this problem and can easily increase a power plant’s output and efficiency. One such storage system uses compressed air to save electricity for when it is needed.
Australia’s renewable energy sector is expected to continue to boom in the years ahead as a new wave of global players are waking up to abundant opportunities. Investors have reason to be positive. Australia is home to a number of noteworthy advantages, from a reputable legal system to climate and natural resources that are ideal for renewable projects such as solar and wind. Equally, policy support at various levels of government is creating additional incentives for the sector. In the backdrop of the carbon reduction target to be fulfilled, the thermal power facilities making up around 60%-70% of load nationwide are ageing, either refurbishment or construction of a new one of which will be extremely difficult due to the environmental concerns and less competitive cost compared to renewables.
The Jewel, 566 St Kilda Road, Melbourne VIC Australia 3004
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