Energy Storage

Victoria, ACT harden stance on NEG, clear battle lines form

As the debate heats up in the run up to Friday’s COAG meeting, the Victorian government has issued a last-minute call to redraft the proposed National Energy Guarantee (NEG), and the Australian Capital Territory has redefined its NEG approval conditions in regard to the emissions target. Meanwhile, Australia’s peak renewable energy bodies have taken opposing positions.

Enwave Australia wins bid to build energy network in Adelaide

An energy production and trading scheme designed for the Tonsley Innovation District in Adelaide will incorporate one of Australia’s largest rooftop solar arrays to provide energy to businesses and homes within the growing precinct.

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CEC: 3.1 GW of solar in construction pipeline, policy uncertainty undermines long-term investment confidence

According to the latest statistics from the Clean Energy Council (CEC), there are 42 wind and solar projects totaling 6239 MW worth close to $10 billion currently in construction or due to start soon across Australia. The unprecedented large-scale renewables activity is, however, surrounded by growing uncertainty over future policy and regulatory change.

AEMC turns to new technologies

In its annual reports, the Australian Energy Market Commission has proposed a number of changes to tighten Australia’s power system and improve reliability and regulation, reflecting on opportunities and challenges created by a significant increase in the uptake of distributed energy resources. The new recommendations are likely to encourage network development towards P2P energy trading, VPPs and electric vehicle charging.

AEMO: Integrated System Plan spurs wide-ranging reactions

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.

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juwi on lookout to acquire utility-scale solar projects in Australia

The Australian arm of German project developer juwi is looking to acquire utility-scale solar PV projects in New South Wales and Victoria.

Australian blockchain software to track EV carbon offsets in Silicon Valley

Perth-based blockchain startup Power Ledger has announced its first carbon credit project as part of its partnership with Chicago-based startup Clean Energy Blockchain Network and in collaboration with California’s municipal utility Silicon Valley Power. The company’s platform will manage credits generated by the use of solar energy in electric vehicle charging.

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Falling battery costs to push solar, wind to 50% electricity generation by 2050, but electricity still failing CO₂ reduction targets – BNEF

Solar PV capacity is set to grow 17-fold, and wind six-fold, by 2050, to account for nearly half of global electricity generation, predicts BNEF, while investments will reach US$11.5 trillion. Cost reductions will drive this charge, particularly in the battery market, which will benefit from the EV manufacturing ramp up. Despite this, the electricity sector is still failing to bring CO₂ emissions down to the required levels, with its continued dependence on gas.

Partners Group, CWP Renewables come together for 1.3 GW renewables platform

The Swiss investment manager and the Australian renewable energy developer stand ready to deliver a total of over 1.3 GW of solar, wind and battery projects across New South Wales within the next four years.

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US: Rush to gas risks hundreds of billions in stranded assets

A new report by Rocky Mountain Institute finds that gas plants proposed across the United States over the next 15 years could be replaced by clean energy portfolios at a net savings, and that these projects are at risk of becoming stranded assets.

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