Markets & Policy

New South Wales Energy Minister Matt Kean said the state government is unlikely to use new emergency powers granted to ensure energy supply is maintained after the market operator advised conditions in the grid were improving.

Federal Energy Minister Chris Bowen has declared Australia is “under new management” and determined to “unleash private investment” in new clean energy projects, urging the sector to take advantage of the opportunities available in the renewable energy market.

Jolywood has cancelled a plan to invest in solar cell and panel production in Indonesia, while Hangzhou First Applied Material has said that it will invest US$226 million (AU$324 million) in the expansion of its EVA film output capacity.

Longi Solar has secured about 1 GW of new PV module supply orders in Bangladesh.

Australia’s energy crisis affords it an intricate, if painful, look at exactly where and how our current electricity regulations no longer fit their purpose. According to analyst Gavin Dufty, now is the time to retrain our eyes on the prize: designing a new framework suitable for the future decentralised system. “But everybody needs to put their guns back in their holsters,” Dufty tells pv magazine Australia.

The Federal Energy Minister insists the Australian Energy Market Operator’s market intervention demonstrates that it is “more important than ever to manage the transition and get more energy into the system and more storage and transmission”.

The Tasmanian government is calling for registrations of interest from developers of new large-scale renewable generators and energy storage projects, and existing and proposed energy intensive load projects to participate in shaping the state’s first renewable energy zone.

Australian solar thermal specialist Vast Solar has partnered with storage development company 1414 Degrees to revive the long-awaited Aurora Solar Energy Project – which is to comprise a combination of solar thermal, PV, and battery energy storage technologies – at Port Augusta in South Australia.

The Australian Energy Market Operator (AEMO) this afternoon suspended the electricity wholesale spot market in all five of the participating National Electricity Market states, saying it has become “impossible” to operate.

Sydney-based solar company Solaray Energy says its inquiries have doubled since the federal election, rebounding back to the record demand seen in 2020 ad 2021. Moreover, the company’s director and co-founder Jonathan Fisk says interest in batteries is “making solar fly,” with half of the potential new customers looking to add storage.