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.
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.
The South Australian and California state governments have signed an historic agreement that will see them work together on advancing the clean energy transition and the integration of renewable energies, including green hydrogen, into their respective grids.
Budget night unveiled more than $8 billion of support measures to grow the domestic hydrogen industry for its place on the global stage, which energy billionaire Andrew Forrest suggests could make Australia the Saudi Arabia of clean energy.
The focus of the federal government’s $22.7 billion commitment to Australia’s clean energy future has been queried with concerns raised about the capacity of the nation’s electricity network to support the shift from fossil fuel generation to renewables.
The federal government will invest $22.7 billion in its Future Made in Australia initiative over the next decade to maximise the economic and industrial benefits of the international shift to net zero and support Australia to become a renewable energy superpower.
Countrywide Hydrogen’s ambition to be the first major green hydrogen producer in Tasmania has received a boost with the state government announcing an $8 million funding package that would support the delivery of its ‘Hydrogen HyWay’ project.
The Australian government has ticked off on a more than 1 GW solar farm and battery energy storage facility being developed in Queensland’s Southern Downs region.
The West Australian government has committed more than $1 billion to drive the development of the clean energy and major industrial projects it says are required for the state to become a “global clean energy powerhouse.”
Economic cooperation between India and Australia may open doors for investment in clean energy technology but challenges still abound in a competitive global market. Vibhuti Garg and Shantanu Srivastava, of the Institute for Energy Economics and Financial Analysis, discuss the role that public funding and resource pooling could play in supporting manufacturing ambitions.
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