Renewables must triple by 2030 to hit net-zero by 2050, says BloombergNEF
BloombergNEF says in a new report that solar and wind must drive most emissions cuts before 2030 to stay on track for net zero by 2050. Its net zero scenario targets a combined solar and wind capacity of 31 TW by 2050.
Weekend read: Déjà vu on the polysilicon market
Haven’t we been here before? The polysilicon industry is shifting from shortage to oversupply but a few things are different from market cycles of the past, as Bernreuter Research founder Johannes Bernreuter explains.
Victorian networks open tender for flexible demand solutions
Distributed network service providers CitiPower and Powercor’s first flexible electricity competitions in Victoria are now open with the operators seeking third-party options to help solve constraints and deliver flexible capacity across their networks.
Renewable energy projects predicted to drive $20 billion construction boom
Spending on building renewable energy infrastructure is forecast to peak at $20 billion in 2026, stimulated by the Australian government’s target of 82% electricity from renewables by 2030, but caution remains over workforce capability.
Stationary energy storage key priority in new national battery strategy
The Australian government has announced its new multi-billion-dollar National Battery Strategy aiming to boost the country’s domestic battery manufacturing capabilities and critical minerals processing capacity.
Bowen targets 20% market share with Solar Sunshot
Australian Energy Minister Chris Bowen believes the federal government’s $1 billion Solar Sunshot initiative could result in domestic manufacturing providing 20% of the nation’s PV panel needs by the end of the decade.
CSIRO analysis reveals large-scale solar still cheapest electricity technology
The CSIRO GenCost report shows renewables remain the cheapest new build electricity technology in Australia, with utility-scale solar emerging as the golden child, despite inflationary pressures, supply chain constraints and costs associated with additional storage and transmission.
Delays in energy transmission and generation projects trigger reliability warnings
The Australian Energy Market Operator has issued new warnings of potential breaches in the reliability standards for the National Electricity Market in coming years due to delays in key transmission projects and looming retirements of coal-fired generators.
Rooftop PV market faces profit squeeze as sales slow
Rooftop PV is the fourth largest source of electricity generation in Australia, providing about 11% of the country’s power supply, but solar industry analyst SunWiz has cautioned the market to brace for a challenging period.
AEMC aims to plug gap with ring-fencing rule for grid connections
The Australian Energy Market Commission has published a new ring-fencing rule for transmission network companies as it seeks to boost competition for grid connection services and speed up the deployment of new solar, wind and battery projects.
