New South Wales Energy Minister Matt Kean said the state government is unlikely to use new emergency powers granted to ensure energy supply is maintained after the market operator advised conditions in the grid were improving.
Federal Energy Minister Chris Bowen has declared Australia is “under new management” and determined to “unleash private investment” in new clean energy projects, urging the sector to take advantage of the opportunities available in the renewable energy market.
If you aren’t a long-term energy policy news junkie, you’d be forgiven for thinking the current crisis arrived fairly suddenly.
The Federal Energy Minister insists the Australian Energy Market Operator’s market intervention demonstrates that it is “more important than ever to manage the transition and get more energy into the system and more storage and transmission”.
The Tasmanian government is calling for registrations of interest from developers of new large-scale renewable generators and energy storage projects, and existing and proposed energy intensive load projects to participate in shaping the state’s first renewable energy zone.
Australian solar thermal specialist Vast Solar has partnered with storage development company 1414 Degrees to revive the long-awaited Aurora Solar Energy Project – which is to comprise a combination of solar thermal, PV, and battery energy storage technologies – at Port Augusta in South Australia.
As Australia battles an energy crisis, the United Nations secretary general has called for increased investment in renewables, saying it is the only “true path to energy security”, warning new funding from governments for fossil fuel exploration or production is simply “delusional”.
Australia’s uptake of rooftop solar is one of the highest in the world with more than 30% of free-standing households across the nation now fitted with a PV system but the Clean Energy Regulator has revealed a “steep decline” in the number of installations in early 2022 with deteriorating economics playing a major part.
Solar installers and resellers can now access up to $250,000 on interest-free terms to increase their stocks of Australian-made solar panels after PV module manufacturer Tindo Solar teamed with business financer Moula Pay.
The Queensland government has committed $48 million to progress two pumped hydro projects in the state, declaring energy storage will play a critical role in its push towards a renewable energy future.
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