Markets

Solar PPAs are now easier than ever to acquire for large companies and enterprise thanks to the partnership of Green Peak Energy and Energy Ease. The duo have joined forces to offer the Energy Ease PPA, a one stop shop for large solar PPAs and financing.

Clean Energy Council Chief Executive Kane Thornton has penned a personal plea to Canberra to allow the renewable energy industry to lead the Covid-19 economic recovery, saying the green sector could put the country to work over the next decade if meaningful action was taken now. 

It’s crunch time for renewables and McCain Foods is chipping in with what is being called Australia’s largest ‘behind-the-meter’ renewable energy system at its production facility in Ballarat. The 8.2 MW system will feature 17, 000 solar panels and a co-generation technology feeding on scrap potato skins.

Australian researchers have completed the world’s largest comparative study on carbon pricing and the results are a “crystal clear” message to governments around the world, but particularly Australia – carbon pricing works, and works well.

The faucet of federal funding for the future hydrogen economy keeps on flowing today as Minister for Education Dan Tehan announced $4.9m in funding for the development of the ARC Training Centre for the Global Hydrogen Economy. The announcement comes on the back of the establishment of the UNSW’s Hydrogen Energy Research Centre, a university-to-industry institute.

A wide-ranging joint report published by the Democratic presidential candidate and his former rival includes the section: ‘Undoing the harms of the Trump administration and righting the wrongs.’

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”.

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.

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 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.