Wattly’s industry experience and knowledge of renewable energy markets can ensure the
success of your large-scale renewable energy projects. Wattly is accredited in both SRES and
About the SRES
The Small Scale Renewable Energy Scheme (SRES) supports the installation of rooftop solar systems under 100kW, solar water heaters, and other small renewable generators, by providing an upfront discount in the form of Small Scale Technology Certificates (STCs). Equipment used in upgrades must be approved by the Clean Energy Council. STCs for a system are calculated from an estimate of the energy generation and can be deemed upfront for the entire remaining period of the scheme (ends in 2030).
STCs can be sold either through the Spot Market, which is dependent on supply and demand and typically varies between $30 and $40 per STC, or the Clearing House, which provides a fixed price of $40 per STC at the point of purchase by a buyer.
Wattly has a streamlined process for STC creation for small renewable generators and solar water heaters, taking the fuss out of accessing your system’s funding.
About the LRET
The Large-Scale Renewable Energy Target (LRET) creates a financial incentive that rewards electricity generation from renewable energy power stations, such as wind and solar farms, and biomass electricity generators. Commercial rooftop solar systems over 100kW are eligible for LGCs, and multiple smaller systems at a single facility may also be eligible to be aggregated into an LRET power station.
Certificates are created annually in arrears for each MWh of generation. The scheme will continue to operate until 2030, and can thus provide a valuable income source from your commercial solar system or renewable power station.
The challenge, however, is that gathering the right data, registering your power station, and negotiating with the Clean Energy Regulator to get access to the LGCs can be complicated and time consuming. Not only that, but you need to have a registry account, find a buyer for the LGCs, and ensure you get a good price. This can be difficult and you don’t know if you are getting a good deal.
Wattly helps owners of eligible renewable energy power stations access Large-scale Generation Certificates (LGCs), get their power station developed and earn certificate revenue.