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Singapore launches blockchain-based renewable energy marketplace

Companies keen to offset their carbon emissions will be able to purchase renewable energy certificates at Singapore’s first blockchain-powered marketplace, launched by electricity provider SP Group.

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NSW to upgrade grid for more renewables

The New South Wales government is set to accelerate $2.5 billion worth of transmission projects in order to address grid bottlenecks and unlock low-cost, low-emission generation in new areas of the state. As part of its grid transformation plan, NSW will boost connections with its neighboring states and bring forward the Snowy Hydro scheme.

IEEFA Australia: Thermal coal export sunset looming closer

Coal miner Glencore is failing investors in its latest forecasts.

Victoria: Second big battery commissioned ahead of schedule, Gannawarra and Wemen Solar Farm now operating

Only weeks after Victoria’s first big battery was unveiled in Ballarat, the retrofitted 25MW/50MWh Tesla powerpack battery at the Gannawarra Solar Farm was commissioned ahead of schedule, confirms Germany’s Wirsol Energy. The developer’s major solar projects in Victoria have reached milestones: the 60 MW Ganawarra Solar Farm has successfully passed all commissioning tests, and the 110 MW Wemen Solar Farm has been connected to the grid.

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Long read: From rooftops to innovative PPAs: Australia’s universities go solar

Major universities across Australia are turning to solar PV to bring down energy costs, and to show leadership on climate change. In addition to deploying rooftop arrays across campuses, they are now developing their own renewable energy assets and coming to inventive financial arrangements, emerging as torchbearers in this booming corporate PPA market.

5 MW battery storage launches in Alice Springs

Alice Springs, the solar capital of Australia, has welcomed its first big battery. The 5 MW energy storage system is projected to double the share of solar in the local grid, which can currently supply up to 40% of the Alice Springs’ power needs.

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John Laing achieves financial close on Finley Solar Farm

After taking a 90.1% stake in one of Australia’s largest solar PV projects – the 255 MWp Sunraysia Solar Farm last month, U.K.-based infrastructure investor John Laing has closed its second solar project in Australia – the 174.9 MWp Finley Solar Farm in New South Wales.

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AEMO: Record quarter for renewables as large-scale solar floods electricity market

The amount of large-scale solar capacity that commenced generation during the third quarter of 2018 was higher than the NEM’s entire large-scale solar capacity at the start of the year, reports the Australian Energy Market Operator (AEMO). In other news, Western Australia has pass the 1 GW solar milestone, while South Australia has seen record levels of curtailment.

50% VRET by 2030 pledged

Half of Victoria’s energy could come from renewable energy source, as the Labor government has vowed to expand the state’ renewable energy target from 40% in 2025 to 50% in 2030, if re-elected.

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BNEF: Australia among leaders in $1.7 trillion energy storage market

Bloomberg New Energy Finance has significantly increased its forecast for global deployment of behind-the-meter and grid-scale batteries from now to 2040. The research company sees Australia among nine markets that will be driving this trend, as the economic case for batteries becomes unstoppable.

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