Peter Gutwein is the new Premier of Tasmania and the first Tasmanian Liberal Minister for Climate Change. The Premier, who has a history of rebelliousness to the party line, seeks to lead Tasmania to a renewable energy future.
Energy Minister Angus Taylor has confirmed that Australia is on its way to hit nearly 50% renewables share by 2030, the target deemed economically suicidal by the Coalition during the last election. With no mention of the widely-reported massive drop in renewable energy investment, Taylor hailed 2019 as a new record year for renewables in Australia.
The Australian Energy Regulator (AER) has given its tick of approval to the proposed $1.53 billion electricity interconnector between Robertstown in South Australia and Wagga Wagga in New South Wales. The new transmission line holds the promise of reducing power bills in both states by unlocking gigawatts of planned renewable energy projects in its close proximity.
Australian and Japanese trade ministers met in Melbourne last week to sign a joint statement of cooperation. The agreement and collaboration between the two nations hopes to affirm Australia’s potential as a major exporter of hydrogen, with Japan as a key recipient.
Power generation statistics released by the National Energy Administration appear to confirm the nation added 12 GW of solar last month. China also deployed another 41 GW of polluting coal-fired power plants last year.
Behind Blackrock’s grand exit from coal: Global capital flight from thermal coal and the coal-fired power sector is already at a canter in 2020.
Australia’s utility-scale renewable energy sector is set for a record year with 3.6 GW of projects expected to complete commissioning in 2020, Rystad Energy finds. This comprises 1.96 GW in utility PV projects and 1.57 GW in wind developments, with the remaining 0.1 GW coming from batteries.
Investment in Australian renewable energy capacity fell 40% in 2019 down from record-breaking levels seen in the year before, according to Bloomberg New Energy Finance (BNEF). Spending on large-scale renewables dropped dramatically due to network woes and long-term policy uncertainty but was ameliorated by the rooftop solar segment’s record growth.
The Australian government has opened the Critical Minerals Facilitation Office as it looks to develop a large-scale critical mineral industry to stably supply the world the critical minerals needed for batteries, solar panels, and smartphones.
A study from Finland’s Lappeenranta University of Technology has predicted solar and other renewables can provide a global energy jobs revolution – just as four European operations revealed recent struggles.
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