Markets

On the same day as Bluescope Steel announced massive profits and the creation of a new Chief Executive Climate Change, the steel giant also conceded that it was not fully committed to investing in ‘green steel’ solutions in the near future.

A new report from the U.S.-based analyst predicts that new PV additions for 2021 may range from 163 to 221 GW next year and from 179 to 240 GW in 2023. According to BloombergNEF, the current supply bottlenecks for glass and polysilicon will unlikely halt the global PV market.

Large swaths of low-cost land: check. Lots of sun and wind: check. The ability to transport green hydrogen cost-effectively to energy importing economies: check. Then you’re in the race to become one of the “renewable energy superpowers” of the low-carbon economy. A growing number of countries are assessing their renewable resources and natural attributes and positioning themselves to become green hydrogen exporters. However, not all are created equal.

The West Australian Wholesale Energy Market (WEM) is in for a major shake-up with the State Government’s Energy Transformation Taskforce unveiling plans for a redesign which it said will fully integrate renewable energy – in all its guises – into the power system.

Former leader of The Nations, Barnaby Joyce, has put forward an amendment to the Coalition’s legislation for the Clean Energy Finance Corporation (CEFC) which would allow the $10 billion “green bank” to invest in “high intensity, low emissions coal-fired power.”

The Australian Energy Market Operator’s second State of the System update, a sort of ‘Around-the-Grounds’ of the National Energy Market, has revealed that 2020 set new records for both number of new projects connected and new megawatts of generation.

January normally sees a spike in the average wholesale electricity price. This year, however, increased solar PV and wind generation have seen this traditional trend bucked.

The first round of funding for the Australian Renewable Energy Agency’s Future Fuels Fund is now open to applicants. The first round will look to expand the fast charging network for battery electric vehicles in Australia’s major population centres in an effort to encourage the individual and fleet transition to electric vehicles.

Debt financing services from Bank of China, Commonwealth Bank of Australia, and Westpac, have brought the first 400 MW stage of the New England Solar Farm to financial close, a massive milestone for massive hybrid project.

The developer said it installed and commissioned seven solar rooftops in just three months despite Covid-19 travel restrictions.