The latest report from The Australia Institute corroborates solar’s pivotal role in shaving peak demand, particularly in the event of extreme conditions as seen in January. Renewables performed the best of all energy sources during the record-breaking summer of heatwaves, while coal clunkers were operating well below capacity, the findings confirm.
The establishment of Queensland’s state-owned renewable energy corporation CleanCo has reached another milestone with the legislation presented to the parliament.
Stating NSW was once a world leader on climate change, a new Climate Council report notes the state is now far behind being home to Australia’s oldest fleet of coal-fired power generators. While NSW public is highly supportive of renewable energy, state government policies fail to encourage more wind and solar projects beyond 2020.
New myth-busting analysis has revealed that rooftop solar is not so much in vogue among the wealthy, but is more popular among poorer households. Cost-saving benefits are, however, being blunted by high fixed charges, while energy retailers are profiteering from households with solar PV, states the report from the Victoria Energy Policy Climate.
The Western Australian government-owned utility has inked $8.8 million in contracts signed for the first stage of its landmark off-grid program for regional properties. The deployment will be led by local WA companies, Hybrid Systems and BayWa r.e. Solar Systems.
Projects not encompassed by the new, central-subsidy-free, ‘grid-parity’ regime will be eligible to bid for a government subsidy. But, at a reported $446 million, the pot is not big.
The Victorian electricity distribution business has proposed network enhancements that aim to drive down power prices starting from 2021. It hopes to boost the safety and flexibility of the grid through the measures, which include network improvements to accommodate more solar and battery storage installations.
New legal advice, sought by The Australia Institute Climate & Energy Program, suggests the Underwriting New Generation Investment Program is unconstitutional and lacks the legislative basis to proceed.
In late January Japan’s Sumitomo Corporation Group took its first step into the distributed generation market, with its acquisition of Perth-based Infinite Energy. Infinite’s founder and CEO Aidan Jenkins says “after being the little guy” the Sumitomo balance sheet will allow the company to compete with the major electricity retailers – if state government in WA gives them the chance.
After it garnered broad support in political and industry circles, the proposed SA-NSW interconnector is in line for a speedier approval than expected, with the AEMC looking to fast-track the regulatory approval process.
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