Western Australia’s Recovery Plan continues to grow greenery as more renewable aspects of the state’s stimulus package come to light, specifically solar light that is. The state government has committed $22 million toward nine green hydrogen initiatives across the state, while also bringing forward its Renewable Hydrogen Strategy targets a decade and topping up the green hydrogen fund.
As Covid-19 decimates the aviation industry, Melbourne Airport is set to make significant savings on its energy costs with the installation of a 12.4 MW solar farm, one of Australia’s largest behind-the-meter arrays, which will be able to power all four of the airport’s terminals.
The Australasian Centre for Corporate Responsibility (ACCA), a shareholder advocacy group, has filed a Shareholder Resolution to AGL Energy calling for the expedited closure of its Bayswater and Loy Yang A coal-fired power stations. ACCA says that AGL’s own modelling contradicts both its climate commitment and its fiduciary responsibility.
The Clean Energy Finance Corporation is set to become the cornerstone investor in a BNP Paribas’ issuance $140 million in new Australian green bonds through its Australian Climate Transition Index, an index for investors to parse the companies that will survive and thrive into a decarbonised future from those who will decay and die.
The Schools Virtual Power Plant pilot project, part of the WA Government’s $66.3 million investment in solar and batteries in its WA Recovery Plan from the impacts of Covid-19, will see ten schools transformed into VPPs. The two year trial is expected to bring reduced electricity bills to schools, improved grid stability, and increased solar uptake in the local community.
With the disruption of Covid-19 highlighting the climatic impact of the aviation industry, a recent report from the CSIRO funded by Boeing shows that hydrogen fuel’s technological momentum could see clean hydrogen used in airports by as early as 2025, and a full transition from conventional jet fuel by 2050.
The Hepburn Recreation Reserve has been recently fitted out with a solar installation accompanied by a Tesla Powerwall 2. The combined system is not only a great result for the local sports clubs, it also helps Hepburn Shire on its way to 100% renewables, and what is more, also secures the important facility as a ‘last resort’ for the community during a bushfire.
The Kimberley Recovery Plan spells out in regional focus the renewable energy investments heading to the Kimberley from the Western Australian Government’s $5.5 billion WA Recovery Plan. The Kimberley region is set for an injection of funds to help fortify a sustainable renewable energy sector, particularly for the uptake of residential rooftop solar and energy storage systems.
Neoen’s Hornsdale Power Reserve has gone to work in the first half of 2020, virtually tripling the French renewables developer’s storage revenue on comparative 2019 levels. However, this growth was largely caused by a one-off event, and a slower Q2 highlights the need for FCAS policy renewal. Neoen’s Australian solar revenues could also achieve little more than consistency thanks to poor conditions.
Malmsbury Fire Station in Victoria has been generously donated a Tesla Powerwall 2 battery, a gift that allows the Malmsbury Fire Brigade to remain operational and vigilant despite power outages.
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