Renewable energy developers in Australia have turned their attention to energy storage with the level of investment in utility-scale batteries skyrocketing by more than 300% in the past three months but that has been offset by a worrying decline in the number of large-scale solar PV and wind projects reaching financial close.
A new study commissioned by the Clean Energy Finance Corporation has indicated renewable hydrogen is already approaching cost competitiveness with that produced using fossil fuels but some in the industry have declared the government-owned green bank’s figures are much too conservative.
Queensland’s worst power outage in decades has triggered calls for the introduction of more utility scale batteries capable of providing security for the state’s electricity network.
Australia’s energy transition from traditional generation to renewable resources is quickening and global energy technology provider Fluence has highlighted that asset operators are turning to automated bidding solutions as they seek to navigate an increasingly complex market.
Australia’s largest petroleum company Ampol has declared its intent to transition away from traditional oil-based fuels, teaming with Ireland’s Fusion Fuel to develop a solar-powered hydrogen production plant at it’s oil refinery in Queensland.
French renewables developer Neoen is pushing ahead with plans to construct a 157 MW wind farm and 100 MW battery project in Queensland’s far north just weeks after federal resources minister Keith Pitt blocked public funding for the project.
Australian retail property major Vicinity Centres has expanded its renewable energy portfolio, unveiling two more major solar PV rooftop installations as it progresses the rollout of its $73.2 million solar program.
A solar PV and battery energy storage project installed at the University of Adelaide’s Roseworthy campus has only just been switched but already the $7 million clean energy facility is exceeding expectations.
More than half of the Victoria’s local councils will soon be powered by renewable energy after they signed up to the largest emissions reduction project yet undertaken by local government in Australia.
South Australia’s transition to a renewable energy future has taken another step forward with Australian Gas Network’s Hydrogen Park South Australia production facility now online, delivering green hydrogen into its gas distribution network in Adelaide.
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