Markets

NT sets net-zero climate target, joining other states and territories in ‘de facto national net-zero target’

The Northern Territory Government has released its Climate Change Response, a directive officially adopting a 2050 net-zero emissions target and 50% renewable energy by 2030 target. The Climate Council has welcomed the response, saying that the NT now joins the rest of Australia’s states and territories in effectively forming a “de facto national net-zero target”.

AEMC gives energy businesses extra three months breathing space before major market reform

The Australian Energy Market Commission (AEMC) has decided to give energy businesses an extra three months to prepare the IT overhaul necessary for the five-minute settlement market reform. The decision comes in response to concerns that the unprecedented impacts of Covid-19 necessitated extra breathing space.

QLD attracts United Green “majority” stake investment in Rodds Bay Solar Farm despite “wet blanket” federal policy

A “majority” stake of the 300 MW shovel-ready Rodds Bay Solar Farm in Queensland has been purchased by UK investment firm United Green. The announcement comes as state government energy ministers come together to reinforce their renewable energy ambitions in this time of economic recovery, despite “the difficulty” of the federal policy vacuum.

New research warns of significant gap to be bridged from NSW’s retiring coal

New research from Cornwall Insight Australia suggests that the transition to renewable energies in New South Wales needs to pick up the pace quick-smart if it is going to cover the soon-to-be-revealed gap made by retiring coal generators. 

No task too tough, Epho to airlift solar panels onto Woolworths headquarters

Woolworths is looking to further reduce its emissions by installing a 572 kW solar system atop its massive
Norwest Support Office in Bella Vista. However, the unique circumstances of the facility mean that solar developer Epho Commercial Solar is going to airlift the panels and system components onto the rooftop with a helicopter.

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Clear strategy at state level boosts investor confidence

The Clean Energy Council’s latest “Clean Energy Outlook – Confidence Index” shows growing investor confidence nationwide despite the continuance of federal policy ambiguity and the economic impact of Covid-19. Investors and executives singled out NSW in particular as being among the most attractive states for renewable investment thanks to its positive statements and clear strategy.

Deakin University set to steward new energy storage Research Hub

A New Safe and Reliable Energy Storage and Conversion Technologies Research Hub is one of five grant recipients of the Australian Research Council’s funding for Industrial Transformation. The Hub will seek to develop new technologies in energy storage to eliminate the risk of fire, as well as addressing the environmental impact of current technologies. 

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Solar households can soon be charged for their exports

In its annual State of the Energy Market report, the Australian Energy Market Regulator has suggested that solar households should be asked to pay a network fee to be allowed to export energy to the grid.

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“Australia’s last chance”: BZE publishes renewables powered Million Jobs Report

Every crisis is a crossroads, and Australia is certainly at a crossroads. This week, a host of climate, development and investment leaders are backing Beyond Zero Emission’s green scaffolded Million Jobs Plan of Covid-19 economic recovery.

AZZO to take on America

Adelaide-based renewable and microgrid energy solutions firm AZZO is taking advantage of its strong Australian root system to expand into the U.S. market. 

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