Markets & Policy

Australia a key player in new Global Power System Transformation team of 6

This week will see the official launch of a global taskforce that aims to support worldwide uptake and integration of renewables and achieve at least 50% reduction in emissions over the coming decade.

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The weekend read: The plan to REZurrect Australia’s large-scale segment

Investment in large-scale solar appears to be faltering in Australia. The technology with the lowest cost, with no emissions and the fastest time to delivery, has often found itself dangling at the oversubscribed end of a limp transmission line, with additional, expensive requirements to connect, or earnings-slashing curtailments when operational. Investors have found no reassurance in the federal government’s winking at coal, courting of gas, and undermining of agencies established to support innovation and investment in renewables. In short, the Australian prime minister is showing a complete lack of urgency to act on climate change. Enter the Renewable Energy Zone.

WA Govt approves 15 GW Asian Renewable Energy Hub, whole project now expanded to 26 GW

The Western Australian Government has given environmental approval to the first stage of the Asian Renewable Energy Hub, a 15 GW hybrid solar and wind plant. The approval is a massive step forward for the project, which will eventually reach 26 GW, and an even larger step forward for green hydrogen development in Australia for domestic use and export.

GEV to develop compressed hydrogen ship for Australia’s green hydrogen exports

Global Energy Ventures announced to the ASX yesterday its design for the H2 Ship, a compressed hydrogen ship capable of transporting 2,000 tonnes of hydrogen from green hydrogen hubs in northern Australia to trading partners such as Singapore, Korea, China, and Japan.

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ARENA helps fund project to demonstrate energy efficient housing at scale

The Australian Renewable Energy Agency is chipping in over $700,000 to help Frasers Property Australia build 51 energy efficient homes complete with a solar embedded network. The idea is to demonstrate to the wider housing sector that energy efficient homes can be built at scale and be cost-effective to the customer.

Ikea Adelaide constructing unique microgrid on its way to 100% renewable energy

Ikea Adelaide is leading the way for the Swedish giant’s global aspirations towards 100% renewable energy through what is being touted as Australia’s largest grid-connected commercial microgrid. The two stage project boasts a range of unique features which could lay the foundations for a new sustainable energy model for Australia.

Iberdrola highlights potential for green recovery in breaking ground on Australia’s largest hybrid wind and solar farm

Spanish giant Iberdrola has broken ground on its 317 MW Port Augusta hybrid wind and solar farm, set to be the largest in Australia. The global energy company stressed its desire to increase its renewable presence in Australia on the day, betting on Australia’s potential for a green recovery from the economic strife of Covid-19.

‘Solar is the new king of energy markets’

The advance of PV has been lauded by the International Energy Agency as it launched the latest edition of a flagship World Energy Outlook 2020 report overshadowed by the Covid-19 crisis and uncertainty over how long the economic recovery could take.

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Clough and Elecnor joint venture appointed EPC for SA-NSW Interconnector

A 50/50 joint venture between Clough Group and Spanish infrastructure giant Elecnor has been selected as EPC for the 700km NSW section of the SA-NSW Interconnector, Project Energy Connect. The big jobs require the big guns, and it seems as though the big guns have been called in on this occasion, with Project Energy Connect deemed integral to the energy future of both states.

Salt of the earth Deakin Uni researchers win global prize with innovative sodium battery

A group of Deakin University researchers have won a top gong at Climate Launchpad 2020 with their innovatory sodium battery which they expect to electrify Indonesia’s enormous scooter market within three years and outcompete lithium ion batteries in the near future.

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