Big batteries earn $20 million over three months
Against the backdrop of extreme heat, generator, and transmission line outages and intense bushfires, revenues for grid-scale batteries on the National Electricity Market (NEM) have been trending upwards.
Solar and wind set new output record even as curtailment continues to bite
Grid-scale wind and solar output reached new highs in Q4 last year pushing power prices to a three-year low despite a number of coal-fired generator outages. As Australia’s big PV fleet continues to expand, the National Electricity Market saw the highest output of big PV on record, but also record curtailment.
Adjudication: Windlab to bear costs of delays at Kennedy solar-wind-battery park
The developers of the Kennedy Energy Park will have to pay more than $7.5 million in variation claims and delay costs pursuant to an adjudication decision which is likely to raise concerns in the Australian renewable energy sector.
Shell breaks ground on 120 MW PV project to power onshore gas operations
Construction has begun on Royal Dutch Shell’s 120 MW solar farm which will generate clean energy for QGC’s natural gas processing plants near Wandoan in South West Queensland. The project is the oil major’s first global investment in an industrial-scale solar farm.
Total to buy 50% stake in Adani Group’s 2.1 GW solar portfolio
The French oil and gas giant—which is already a partner in Adani’s natural gas business—will now invest US$ 510 million to buy 50% stake in 2,148 MWac operating solar power projects owned by Adani Green Energy Limited.
City of Adelaide commits to 100% renewable electricity
From July 1, if it is run by the City of Adelaide, it is being powered by wind and solar electricity under a landmark power purchase agreement inked electricity retailer Flow Power.
Queensland requests $1 billion in renewable energy funding
In a letter addressed to Prime Minister Scott Morrison, Queensland Deputy Premier Jackie Trad has called for more renewable investment and Federal government backing to help create and support more jobs in more industries, but gas is not out of the picture.
Scott Morrison’s gas transition plan is a dangerous road to nowhere
As Australia continues to battle horrific bushfires, Prime Minister Scott Morrison has announced a renewed focus on gas-fired electricity to reduce emissions and lower energy prices. This is a dangerous and completely unnecessary route.
Clean lucre: ARENA funds renewable-energy marketplace and derivatives
Encouraging money to chase firming of renewables is expected to be just one positive byproduct of a proposed new financial derivatives platform that will allow industry players to hedge against volatility in the pricing of renewable energy.
Morrison-Berejiklian energy deal: Opportunity for renewables or climate deal with the devil?
An energy deal struck between the Morrison and Berejiklian governments that will see more than $2 billion invested to increase gas supply and reduce greenhouse gas emissions from the electricity sector has prompted a flurry of reactions that boil down to two conflicting interpretations of its purpose.
