Under a new Investment Mandate, the Morrison government has instructed the Clean Energy Finance Corporation (CEFC) to support the development of a market for firming intermittent sources of renewable energy and to prioritise investments that support “more reliable, 24/7 power“.
The Australian Renewable Energy Agency (ARENA) is providing $1 million to Ausgrid to boost its innovative grant program for rooftop solar and energy efficient lighting. The program aims to reduce participating customer’s bills, as well as avoid costly network upgrades, in parts of Sydney with low renewables uptake.
After granting an approval for a major solar+storage project at Darlington Point this week, the New South Wales Department of Planning and Environment has greenlit two more utility-scale solar PV projects – the 170 MW Suntop Solar Farm and the 47 MW Gregadoo Solar Farm.
The New South Wales Department of Planning and Environment has given the green light to a massive solar farm coupled with a utility-scale energy storage facility. The project proposed by Edify Energy is valued at $407 million.
As part of its Roadmap to Renewables Plan and transition to 50% renewable energy by 2030, the NT government is set to roll out rooftop solar on up to 25 schools across the state over the next three years.
The New South Wales government has launched its ambitious pumped hydro roadmap designed to back the rising level of wind and solar in the energy mix. Meanwhile, the board of government-owned energy provider Snowy Hydro has given the green light to its landmark $4 billion pumped hydro expansion project, Snowy 2.0.
Perovskite solar cell specialist Greatcell Solar has failed to secured refinancing for its activities and has been forced to appoint administrators. The company lays the blame at the federal government’s door, pointing to the R&D rebate changes and policy settings that are unsupportive of renewable energy investment as the reasons behind its downfall.
The federal government has launched a strategy seeking investment to unlock Australia’s potential in lithium-ion battery manufacturing. Noting that the nation’s mineral reserves cover 90% of the elements required in li-ion battery chemistry, the new Austrade report underlines that Australia is well-positioned to become a world leader in this fast growing market.
The UNSW Sunswift solar car team has set a new record for the lowest energy consumption while driving across Australia in an electric car. The team completed the journey between Perth and Sydney two days ahead of schedule with the car’s energy consumption on the journey came in well below the previous record.
While little action is seen on the federal level, energy storage is increasingly coming to the fore as part of state and territory energy policies. With a rising number of residential battery subsidy schemes taking shape in Australia, funding appears to be slowly moving away from solar to energy storage. Such initiatives are poised to not only reshape the battery storage market, but also have a major impact on the grid, making it more reliable, responsive, and flexible.
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