As the fossil fuel industry applauds new legislative changes proposed by the Morrison government, which would pave the way for coal and gas projects to tap clean energy finance, environmental groups are shaking their heads in disbelief at the government’s lack of initiative to deliver a sensible climate policy. More than ever before, the fate of the Clean Energy Finance Corporation (CEFC) and the Australian Renewable Energy Agency (ARENA) is at stake.
The Palaszczuk Government is providing funding to accelerate a $1.5 billion transmission link stretching from Townsville to Mount Isa in North Queensland in a bid to stimulate large-scale solar and wind investment and underpin the creation of local battery industry.
The unique solar, wind, and battery project has been completed at Gold Fields’ Agnew Gold Mine, marking Australia’s largest hybrid microgrid of its kind.
The substantial surge in storage revenue due to specific grid conditions in Australia was one of the main factors behind a 61% year-on-year increase in revenues Neoen saw in the first quarter of the year.
Much has been made of the Covid-19 lockdown cutting global carbon emissions. Energy use has fallen over recent months as the pandemic keeps millions of people confined to their homes, and businesses closed in many countries. Projections suggest global emissions could be around 5% lower in 2020 than last year.
To help achieve its global-leading renewable energy target of 200% by 2040, the Tasmanian government has released the draft Renewable Energy Action Plan.
The Australian Renewable Energy Agency has announced $1.1 million of funding for a power-to-gas demonstration plant to be built at APA Group’s Wallumbilla gas hub in Queensland. The project will demonstrate the viability of producing renewable methane from solar power.
The feasibility study into the production of renewable hydrogen and ammonia in the portside town of Geraldton in Western Australia is being supported by the Australian Renewable Energy Agency (ARENA).
QIC-owned Pacific Energy has bought solar and battery microgrid specialist Hybrid Systems in a bid to tap the off-grid and edge-of-grid growth in Western Australia.
The offer under the South Australian government’s Home Battery Scheme has been expanded with the addition of Fimer’s residential energy storage solution.
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