Markets

The Australian Energy Market Commission (AEMC) is calling for submissions on proposed rule changes that would address the integration of distributed energy resources, including enabling export charges as a pricing tool.

The Clean Energy Finance Corporation is set to become the cornerstone investor in a BNP Paribas’ issuance $140 million in new Australian green bonds through its Australian Climate Transition Index, an index for investors to parse the companies that will survive and thrive into a decarbonised future from those who will decay and die.

The Schools Virtual Power Plant pilot project, part of the WA Government’s $66.3 million investment in solar and batteries in its WA Recovery Plan from the impacts of Covid-19, will see ten schools transformed into VPPs. The two year trial is expected to bring reduced electricity bills to schools, improved grid stability, and increased solar uptake in the local community.

The Anglo-Dutch power company will buy Perth-based environmental specialist Select Carbon as part of a broader ambition to reach net-zero emissions by 2050 or sooner.

Having bagged large orders in the U.S. and Australia, Indian multinational engineering, procurement and construction (EPC) services provider Sterling and Wilson Solar is bidding for tenders in new regions, Europe among them. Kannan Krishnan, S&W’s chief operations officer for solar in India and the South Asian Association for Regional Cooperation area, speaks to pv magazine about the impact of Covid-19 on the solar EPC business and the company’s expansion plans.

With the disruption of Covid-19 highlighting the climatic impact of the aviation industry, a recent report from the CSIRO funded by Boeing shows that hydrogen fuel’s technological momentum could see clean hydrogen used in airports by as early as 2025, and a full transition from conventional jet fuel by 2050.

The oil and gas giant has announced it will build 500 MW of renewable energy projects to power some of its global facilities under the four-year agreement with Canada’s Algonquin Power & Utilities.

The Kimberley Recovery Plan spells out in regional focus the renewable energy investments heading to the Kimberley from the Western Australian Government’s $5.5 billion WA Recovery Plan. The Kimberley region is set for an injection of funds to help fortify a sustainable renewable energy sector, particularly for the uptake of residential rooftop solar and energy storage systems.

Neoen’s Hornsdale Power Reserve has gone to work in the first half of 2020, virtually tripling the French renewables developer’s storage revenue on comparative 2019 levels. However, this growth was largely caused by a one-off event, and a slower Q2 highlights the need for FCAS policy renewal. Neoen’s Australian solar revenues could also achieve little more than consistency thanks to poor conditions.

Malmsbury Fire Station in Victoria has been generously donated a Tesla Powerwall 2 battery, a gift that allows the Malmsbury Fire Brigade to remain operational and vigilant despite power outages.