Markets

Coles inks PPA to source power from three NSW solar farms

The Australian supermarket giant will purchase more than 70% of the electricity generated by three solar power plants to be built and operated by Metka EGN outside the regional centres of Wagga Wagga, Corowa and Junee – the equivalent of 10% of Coles’ national electricity usage.

With AEMO consultations and amendments complete — let ISP 2019-20 begin!

The conclusion of AEMO’s 2019 planning and forecasting consultation brings revised approaches to the 2019-20 Integrated System Plan: three new renewable energy zones reflect resource and generator interest; the forecasting of distributed energy resources has been reframed; and a fifth and critical planning scenario has emerged. 

200 MW solar project nipped in the bud as VCAT hands down decision

In a major battle over land use, the Victorian Civil and Administrative Tribunal has decided to refuse a planning permit for the 200 MW Bookaar Solar Farm, near Camperdown.

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Parliamentary inquiry into controversial Solar Homes rebate voted down

Labor MPs together with three crossbench MPs have voted down an inquiry in the Upper House on how the Victorian government’s Solar Homes program was put together and is being implemented. The push for an inquiry was promised to the solar industry by Opposition leader Michael O’Brien at a protest held in late July.

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Corporate clean energy PPAs to smash last year’s record: BloombergNEF

Power purchase agreements for 8.6 GW of clean energy have been signed in 2019 till July—up from 7.2 GW at the same time last year—with USA alone accounting for up to 70% of the deals. India continues to lead the Asia Pacific region despite registering a slowdown in the activity – almost almost twice as much as the volume recorded in Australia.

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Victoria introduces legislation to boost VRET to 50% by 2030

The Andrews Labor Government is delivering on last year’s election promise to boost renewable energy in Victoria and is seeking to legislate increasing its renewable energy target to 50% by 2030.

Car industry copper demand to surge 250% due to EVs

By considering use of the metal in charging infrastructure, analyst Wood Mackenzie has found higher demand from the mobility sector than is the case if only the volume of the material required for vehicle construction is examined.

QIC raises green bond to upgrade shopping malls

Touted as the first green bond issued by a retail property landlord globally, the $300 million instrument will fund initiatives to enhance the environmental performance for three of the retail assets within the QIC Shopping Centre Fund portfolio. The green bond was five times oversubscribed and attracted new investors from across Asia and Australia, as well as a cornerstone investment from the Clean Energy Finance Corporation (CEFC).

AEMO: Demand down thanks to rooftop PV, coal generator outages up

The growing share of rooftop solar had a significant impact on Australia’s main grid in the latest quarter, both in terms of reducing operational demand and emissions intensity, the Australian Energy Market Operator (AEMO) said. Looking ahead, AEMO is seeking to procure off-market emergency reserves to help protect the grid from potential summer blackouts the upcoming summer, as coal generator outages grow in frequency.

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Australian Capital Territory announces grant recipients for battery storage rollout

The grant recipients for the fourth phase of the Next Generation Energy Storage program have been announced. Launched in 2016, the $25 million program is supporting the roll out of up to 36 MW of smart battery storage.

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