South Australia’s coal-fired electricity industry is in its final chapter with the sale of the 65-year-old Port Augusta power station site expected to reach settlement by the end of the month.
A new report analyzing the world’s largest lithium-ion battery’s performance in the first year of operation shows the Hornsdale Power Reserve has delivered on high expectations of its performance and market impact. It has helped stabilize the grid, avoid outages and reduce system costs, as well as triggered a surge in uptake of similar fast response systems across Australia.
The Clean Energy Regulator says that around half of the six million modules expected to be installed on Australian rooftops this year will be covered by its new Solar Panel Validation scheme. The agency’s General Manager of the SRES program Michelle Crosbie spoke to pv magazine Australia about the program and the “full suite” of tools at the regulator’s disposal when it comes to compliance under the SRES.
Owing to its state-based renewable energy initiatives, Victoria is in the box seat to create more than 6,000 jobs annually, shows a new analysis released by Green Energy Markets. Overall, renewable energy generation managed to exceed 25% of power supply for the first time across Australia’s main grids.
The addition of 7,200 MW of large-scale renewable energy supply since the closure of coal-fired power plants in 2016 in expected to almost halve wholesale electricity price over the next four years, shows the latest analysis from Green Energy Markets.
Looking back on the 2017-18 financial year, the Clean Energy Finance Corporation (CEFC) has confirmed it provided $1.1 billion towards renewable energy projects, including 10 large-scale solar projects.
The Australian Energy Market Operator’s wide-ranging and detailed Integrated System Plan prompted a flurry of media reactions that boil down to two conflicting interpretations of its purpose. Some interpreted the findings as a call to hold on tight to coal-fired power, while others a remarkable confirmation that renewables are the optimal electricity source of the future, and high penetrations are both practicable and cost effective.
The 15 MW Sunshine Coast Solar Farm at Valdora, Queensland, has far exceeded savings expectations in its first year of operation while offsetting 100% of the local council’s energy usage across all facilities and operations.
With an unprecedented rollout of rooftop solar reaching 1.1 GW and around 700 MW of large-scale renewable energy projects completed and connected to the grid, last year was an important turning point for Australia’s clean energy industry, shows the Clean Energy Council in its latest report. However, seven times bigger capacity of utility-scale projects with financial support or under construction at the year’s end is poised to eclipse 2017.
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