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Markets & Policy

Report calls for planning reforms as 20 GW of renewables added to project pipeline

Data from international consultancy Rystad Energy shows that 82 new renewable energy generation and battery storage projects corresponding to more than 20 GW of capacity were proposed across Australia’s National Electricity Market in the first quarter of 2024, with developers largely focused on Queensland and New South Wales.

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WA pumps $26.4 million into clean energy manufacturing sector

Western Australia’s rollout of solar-based standalone power systems is set to continue with the state government announcing a $26.4 million funding package to drive local manufacturing of components needed for clean energy projects.

Victoria and SA energy storage tender attracts 19 GW of proposals

The federal government’s 32 GW Capacity Investment Scheme is already bearing fruit with a competitive tender seeking 600 MW of energy storage capacity in Victoria and South Australia attracting 19,000 MW of project proposals.

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Powercor targets transmission licence to bring more renewables online

Victorian electricity distributor Powercor is seeking a licence to build new transmission infrastructure in a move it claims will provide faster grid connections for major projects such as solar and wind farms within its current distribution network area.

Redflow lands second US defence battery contract

Queensland flow battery company Redflow has won a second deal with the United States Department of Defence to supply a non-lithium energy storage solution that will be deployed to improve energy security at a major naval base in Italy.

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Victorian solar installer fined $40,000 for ignoring falls risk

A Victorian solar installation company that “repeatedly” put workers at risk when working at height has been convicted of failing to provide or maintain a safe workplace and fined $40,000.

Policy uncertainty stalls Australian green hydrogen refuelling network plans

New Zealand-based green hydrogen company Hiringa Energy has raised the bar for decarbonising the heavy transport sector by kickstarting an Australasian-wide refuelling network but the company has warned government policies are putting the brakes on its Australian plans.

Akaysha fast tracks 710 MWh of battery projects with new financing

Akaysha Energy has secured $250 million in new financing that will accelerate the development of two large-scale battery projects in Queensland set to add a combined 710 MWh of energy storage capacity to the National Electricity Market.

ASIC sues Magnis Energy over US battery plant

Australia’s corporate watchdog has filed a lawsuit against Sydney-based Magnis Energy Technologies and its executive chairman for allegedly failing to disclose details about the “true situation” at the lithium-ion battery company’s United States manufacturing facility.

Rooftop solar install gets Victorian country fire stations emergency ready

Fifteen fire stations in Victoria’s northeast have been fitted with a combined 108 kW of rooftop solar in a move designed to improve energy security and increase community resilience during emergency events including extreme weather and bushfires.

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