Markets

China, with an 18% share of the global population, uses 26% of the world’s primary energy and emits 33% of the world’s energy-related CO2. The energy transition unfolding in the country isn’t merely a national affair as its ramifications echo globally, explains Mahnaz Hadizadeh, a researcher for consultancy DNV.

The Australian Energy Market Commission has published a final rule to speed up grid connections for new renewable energy generation and storage in light of the pace and scale of projects being built to achieve the national target of 82% of renewables by 2030.

Australian EPC contractor ACLE Services has broken ground on a 5 MW / 10 MWh battery energy storage project in northern Victoria that is the first in a planned pipeline of 27 batteries that will be rolled out across regional Australia delivering a combined capacity of 270 MWh.

Singapore-based renewable energy fund manager SC Oscar has snapped up New Zealand solar project developer Rānui Generation as part of its strategy to build a portfolio of renewable energy assets in both New Zealand and Australia.

The Australian Energy Market Operator’s latest Integrated System Plan has stamped the role rooftop solar will play in the nation’s energy transition, revealing that the total capacity of rooftop PV and other distributed solar in the nation’s main grid is forecast to rise from 21 GW to 86 GW by 2050.

Power giant AGL Energy has teamed with Melbourne-based solar panel recycling company Elecsome to explore the development of a PV materials recovery facility at the site of the coal-fired Bayswater power plant in the New South Wales Hunter Region.

New South Wales power grid owner Transgrid is looking at rolling out up to 14 synchronous condensers and 4.8 GW of batteries with ‘grid forming’ capability to protect and strengthen the security and stability of the electricity grid as coal-fired power plants retire and more renewables come online.

Former New South Wales energy minister Matt Kean has been appointed the new chair of the federal government’s Climate Change Authority.

Two Western Australian companies and three people have been fined almost $40,000 for an illegal electrical licence-sharing arrangement involving 25 rooftop solar installations at properties in the state’s southwest.

Australia’s first national Capacity Investment Scheme auction has been inundated with expressions of interest, with the federal government revealing that investors have tabled 40 GW of new renewable energy generation projects such as wind and solar.