Residential, commercial and industrial solar generation in South Australia has returned to normal operations following heavy curtailment by authorities working to stabilise the grid after storms caused extensive damage to transmission infrastructure.
The New South Wales government has received bids for more than 5.5 GW of wind and solar projects, along with more than 2.5 GW of long-duration storage projects, in response to its first tender to secure renewable projects to transform its coal-reliant energy system.
Australia’s Fortescue Future Industries is reportedly exploring an offtake agreement with what will be the world’s largest PV project as it advances plans to build a $9 billion (USD 6 billion) mega green hydrogen production facility in Brazil.
Distributed energy specialist CleanPeak Energy will install a combined 5.4 MW of PV systems atop biscuit manufacturer Arnott’s Group’s two biggest Australian production facilities. The deal will also deliver an energy service agreement for the front-of-meter power at the company’s Huntingwood site in western Sydney as it looks to transition to 100% renewable electricity across its operations.
The Queensland government is forecasting a renewables-led manufacturing and jobs boom in the state with hundreds of Australian and international companies registering their interest in supplying the thousands of solar panels, batteries, wind turbines, and kilometres of transmission lines the state says it will need to deliver its $62 billion (USD 40 billion) energy transformation plan.
In eight years, Australia wants to be four-fifths powered by renewables. Solar and wind investment is pouring in. But to firm the renewables and overcome the intermittency, we need overnight energy storage. That’s why there’s so much interest in pumped hydro.
It has been an interesting year for Australian energy markets, facing unprecedented high energy prices, coal outages, and market suspension. In this Chart of the Week, we investigate the impact a battery energy storage system would have made during FY 2022.
Construction has begun on a 50 MW/50 MWh battery near the outback city of Broken Hill which will be equipped with advanced inverter technology designed to improve system strength in regional New South Wales and support increased levels of renewable energy generation in the area.
The Victorian government has unveiled an ambitious plan to install 100 battery energy storage systems in neighbourhoods across the state by the end of 2026 as part of a broader strategy to support the rollout of more rooftop solar PV as it targets 95% renewables by 2035.
Australia’s Origin Energy is the target of an $18.4 billion (USD 11.3 billion) takeover bid by a consortium led by Canadian investment giant Brookfield Asset Management which plans to divide the business and invest another $20 billion by 2030 to support the gen-tailer’s transition to clean energy.
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