Markets

A survey of 300 business decision-makers across Australia has found nearly 40% of large businesses and 21% of small to medium enterprises are unhappy with their current energy contracts, with 62% of respondents saying they would be willing to switch.

Investments in solar and wind in the Asia Pacific could double over the next decade compared to 2011 – 2020, hitting AU$1.7 trillion, according to new analysis by Wood Mackenzie.

Tasmania’s port authority has entered into an agreement with Fortescue Future Industries for land and operating access for its proposed 250 MW green hydrogen plant at Bell Bay, in Tasmania’s north.

Perth-based TNG Limited has signed an agreement with Malaysian green hydrogen company AGV Energy which will see its vanadium redox flow batteries integrated into the HySustain project to store solar energy for green hydrogen production.

The two solar manufacturers will get priority access to polysilicon produced at the planned fab in Inner Mongolia, which developer Xinte Energy has said will be fully operational by June 2023.

The Gladstone Energy and Ammonia Project plans to efficiently use available resources and technology to produce low-cost, relatively low-emissions blue hydrogen from coal, and provide a conduit to commercialising true green hydrogen. A federal emissions policy driving toward a net-zero commitment could properly value GEAP’s place in Australia’s energy and export ecosystem.

Despite the global pandemic and recession, corporate purchases of clean energy are booming. Several factors are driving this trend, including falling costs, heightened appetite for sustainability among consumers and investors, and increased political will for net-zero development. In recognition of this, the UP Initiative will spend the third quarter investigating sustainable electricity supply. How are PPA models evolving? What are the critical issues around residual energy? And how can greenwashing be avoided? pv magazine investigates.

The speed of all transitions is inherently underestimated, and solar PV is no exception. The EU has grossly underestimated its coming of age, as its forecasts for 2020 were off by 67% for the Netherlands and 74% for Germany, writes Rolf Heynen, CEO of Dutch New Energy Research.

Wood MacKenzie’s energy transition modelling is predicting a primacy in the future low-carbon hydrogen economy for Australia. Thanks to the country’s solar irradiance and renewable energy expertise, as well as its relative proximity to major off-taker markets, Australia could be looking at export revenues of up to US$90 billion by 2050.

The Australian Energy Market Operator’s latest analysis of the Western Australian Wholesale Energy Market has found that investment in renewable generation and distributed solar is accelerating at a rapid pace, and importantly, that that acceleration is within the control of the state’s energy transition strategies.