Work on the National Energy Guarantee (NEG) policy will continue, with the COAG Energy Council approving its progress today. The detailed policy will be considered by state, federal and territory energy ministers for final approval in August.
Signs continue to mount that Friday’s COAG Energy Council meeting will agree to move forward with the National Energy Guarantee mechanism. This comes despite continuing and serious objections from some states to the meagre 26%-on-2005 emission reduction target.
David Blowers, an Energy Fellow with the Grattan Institute, reports that “solid progress” has been made on the design of the National Energy Guarantee.
The CEC has encouraged COAG Energy Council to support the further development of the proposed National Energy Guarantee (NEG) in its meeting on Friday. The peak renewables body’s support, however, is contingent on the policy being fleshed out, “and [it] addressing concerns in relation to the emissions target.”
In anticipation of a more detailed presentation of the scheme, Energy Minister Josh Frydenberg used the opportunity of the speech to the National Press Club to present the National Energy Guarantee as the best possible option to ensure reliability of supply, describing it as “technology neutral”. Amid mounting criticism leveled by retailers, analysts and leading developers of battery storage, few signs of a national consensus on the proposed NEG are emerging.
A new report drafted by Bloomberg New Energy Finance (BNEF), the United Nations Environment Programme (UNEP), and the Frankfurt School-UNEP Collaborating Centre shows that global solar energy investments overshadowed all other forms of electricity generation in 2017. China is leading the pack of the world’s largest renewables investors, followed by Australia, Mexico and Sweden.
Scientists from the University of Wollongong have developed prototype battery cells based on sodium-ion technology, which the university says can achieve excellent cycling stability and easily be scaled up to mass production.
Shell’s new report shows a world where solar meets the largest portion of primary energy demand as soon as 2050.
From just a handful of large-scale solar PV projects a few years ago, Australia is becoming one of the world’s fastest-growing markets. With a substantial project pipeline, the country is in the box seat to experience a banner year in 2018, with the 2020 Renewable Energy Target (RET) now in hand and a new policy taking shape for the period beyond.
The first commercial deployment of Power Ledger’s P2P energy trading platform will take place in partnership with energy solutions business Greenwood Solutions, which will be in charge of installing solar across strata units.