Powerlink gets ARENA funding to investigate system strength challenges in North Queensland
A new study partly funded by the Australian Renewable Energy Agency (ARENA) will look at system strength issues that have been an emerging challenge for renewable energy generation in the National Electricity Market, and explore the merits of several technical solutions, including battery storage.
Neoen to build Australia’s largest solar farm after power deal with CleanCo
Between 460 and 480 MWp in size, Western Downs will become the largest solar farm in Australia, bringing significant regional economic benefits to South West Queensland.
Time to enable shovel-ready renewable projects to repower Australia’s economy
Renewable energy is forging through the Covid-19 crisis and ready to contribute even more than cheaper, cleaner energy to Australia’s recovery from the economic disaster brought on by the pandemic. A Clean Energy Council forum held today provides strategies and resources for Government and business to apply to a revitalised, more resilient future.
New hydrogen fund: Can we get bang from 300 million bucks?
The Morrison Government claims that BloombergNEF ranks its new commitment and cumulative investment in hydrogen as among the largest made by any country. But there’s more to investment than largesse, as BNEF recently ascertained in a study of the economic case for hydrogen.
WoodMac: Grid congestion chokes renewables investments in Australia
Wood Mackenzie analysts have expressed concern over deteriorating renewable energy investment conditions in Australia, noting that greater clarity on transmission investment is needed to support the sector.
Fracking to help fund WA’s Clean Energy Future Fund
WA’s McGowan Government has set up a $9 million Clean Energy Future Fund which it will top up with the royalties of ‘unconventional onshore oil and gas projects’, a euphemism for fracking.
Solar buyback trend continues
In the face of the Covid-19 economic crisis, companies and investment firms are looking to buyback existing solar systems from businesses in exchange for ready cash and decent terms.
LCOE from large scale PV fell 4% to $50 per megawatt-hour in six months
Analysts at Bloomberg New Energy Finance say the lowest-cost projects financed in Australia, China, Chile and the UAE in the last six months hit a levelized cost of energy of just $23-29/MWh and the best solar and wind projects will produce electricity for less than $20/MWh by 2030.
Despite solar woes, Tesla recorded its first profitable Q1
Tesla finished the first quarter of 2020 with a positive GAAP net income, driven by the profitability of the Model Y. However, the story was not so bright for solar, storage or corporate governance.
Australia’s biggest green hydrogen plant secures initial investment
The Arrowsmith Hydrogen plant is the first of many green hydrogen projects across Western Australia being developed by Perth-based company Infinite Blue Energy.
