Australia could fall apart under climate change. But there’s a way to avoid it
Four years ago in December 2015, every member of the United Nations met in Paris and agreed to hold global temperature increases to 2°C, and as close as possible to 1.5°C. The bad news is that four years on the best that we can hope for is holding global increases to around 1.75°C. We can only do that if the world moves decisively towards zero net emissions by the middle of the century.
AEMO publishes indicative MLFs for 2020-21
The Australian Energy Market Operator (AEMO) expects to see further declines in Marginal Loss Factors (MLFs) next financial year on a number of grid-scale PV projects, primarily in south-west News South Wales and north-west Victoria.
Engie ANZ readies 2 GW renewable war chest
Engie is readying a massive renewable investment fund as it looks to develop 2,000 MW of renewables in Australia over the next ten years. The move signals defiance at the retreat of renewable investment in the face of a federal energy policy vacuum.
L’Oréal goes au naturel with 100% renewables
L’Oréal Australia and Engie ANZ have agreed to a long-term energy supply agreement that will see the cosmetics company powered by 100% renewables.
Solar Homes battery rebate expands to another 80 postcodes
The Victorian government has extended its solar battery rebate from the initial 24 to 104 postcodes. Meanwhile, the demand for solar panel rebates has slightly slowed down.
LCOE on some Australian PV projects as low as $27-36/MWh as renewables close in on global grid parity
The latest figures released by BloombergNEF show new solar and onshore wind power plants have reached parity with average wholesale prices in California, China and parts of Europe. The technologies are winning the race to be the cheapest sources of new generation for two-thirds of the world’s population.
Another 5 GW of module capacity for the Longi juggernaut
The mono giant has announced the latest aspect of a strategy to massively increase production capacity which is currently set to cost around $3.32 billion. Longi last week issued $710 million of new convertible bonds for investors.
Tasmania firms its ambitions of becoming Battery of the Nation
Hydro Tasmania has released a white paper pushing the island state’s claims to become the Battery of the Nation via upgrades to the Victoria-Tasmania interconnector, an effort to unblock the backlog of solar and wind.
Adani opens 65 MW Queensland solar farm, puts further investment on hold
While it seeks to build one of Australia’s biggest coal mines, Adani has grown more cautious on solar investment after suffering connection delays on its first renewables project in Australia.
Massive AGL deal set to push Australia into the battery age
AGL, Australia’s biggest power producer, has inked a deal that will see the development of four large-scale batteries in NSW. The agreement is an attempt to secure against fluctuating prices during peak periods.
