Zero-emissions solutions are ready to roll, right when the economy needs them most
A major new report finds there is a pathway to zero emissions for every major economic sector in Australia. Over 18 months in the making, Decarbonisation Futures offers fresh ideas for how Australia can embrace the zero-emissions future that is visible on the other side of the pandemic, writes Amandine Denis-Ryan of ClimateWorks Australia.
Impact of Covid-19 on the global energy sector
Over the past few months, the Covid-19 pandemic has caused an unprecedented global economic and social crisis. The pandemic has significantly affected all aspects of life, including the energy sector.
Solar Bay begins $350 million solar buyback initiative
Renewable Investment Fund Solar Bay is dishing out its $350 million mandate over the next three years by buying on-site solar systems to provide discounted PPA’s. The move is part of an ongoing trend in smaller-scale renewable investment.
The NEM saw 25% renewable generation in March
Rystad Energy’s analysis of the Australian National Electricity Market over the month of March revealed 25% generation from renewable sources as large-scale solar powers ahead.
Smart Energy Council cancels flagship 2020 conference due to Covid-19
One of the major annual conferences for the Australian renewable energy industry has been called off for 2020 due to the impacts of Covid-19.
Australian solar owners are saving more while staying at home because of Covid-19
Analyzing its fleet of solar sites, Solar Analytics has found that energy consumption in households due to Covid-19 confinement is up only slightly, if at all. While this is good news, the great news is that the onsite consumption of free solar power in these households is up significantly.
Falling power prices could benefit mega-sized solar and wind projects
The Covid-19 pandemic will create a “perfect storm” for the wholesale electricity market as lower demand comes together with lower gas prices and large-scale solar and wind being commissioned to depress power prices, finds a report by Melbourne-based consultancy RepuTex.
Covid-19 to pause gigawatts of wind and solar project in Australia
The pandemic will postpone or cancel the financial close of some 3 GW of solar and wind in Australia, according to Norwegian consultancy Rystad Energy, as the falling Australian dollar renders projects uneconomical. The biggest loser among the states will be New South Wales.
Sustainable Australia Fund announces special terms to support the solar industry
The Sustainable Australia Fund is launching special financing terms for the solar industry to mediate the impact of Covid-19. The terms seek to put immediate cash savings in the hands of businesses.
Rio Tinto urges climate action despite pandemic and recession
Rio Tinto Chairman Simon Thompson is urging governments to take “urgent” action on climate change despite the twin evils of Covid-19 and economic recession. The call comes amid criticism that Rio Tinto’s own emissions reductions schemes are too weak.
