Markets & Policy

Distributed energy specialist CleanPeak Energy will install a combined 5.4 MW of PV systems atop biscuit manufacturer Arnott’s Group’s two biggest Australian production facilities. The deal will also deliver an energy service agreement for the front-of-meter power at the company’s Huntingwood site in western Sydney as it looks to transition to 100% renewable electricity across its operations.

The Queensland government is forecasting a renewables-led manufacturing and jobs boom in the state with hundreds of Australian and international companies registering their interest in supplying the thousands of solar panels, batteries, wind turbines, and kilometres of transmission lines the state says it will need to deliver its $62 billion (USD 40 billion) energy transformation plan.

Construction has begun on a 50 MW/50 MWh battery near the outback city of Broken Hill which will be equipped with advanced inverter technology designed to improve system strength in regional New South Wales and support increased levels of renewable energy generation in the area.

Economist Ross Garnaut’s latest book, the Superpower Transformation, is promoted as a “practical plan” to put the vision of in his earlier Superpower into effect. Clive Hamilton, Professor of Public Ethics at Charles Sturt University, questions if the vision is premised on an imperfect logic.

The Victorian government has unveiled an ambitious plan to install 100 battery energy storage systems in neighbourhoods across the state by the end of 2026 as part of a broader strategy to support the rollout of more rooftop solar PV as it targets 95% renewables by 2035.

Australia’s Origin Energy is the target of an $18.4 billion (USD 11.3 billion) takeover bid by a consortium led by Canadian investment giant Brookfield Asset Management which plans to divide the business and invest another $20 billion by 2030 to support the gen-tailer’s transition to clean energy.

Queensland-based independent power producer ReNu Energy and aspiring green hydrogen manufacturer Countrywide Hydrogen will seek to advance its renewable hydrogen projects from concept to production after Australian superannuation fund HESTA agreed to invest up to $100 million (USD 64 million) to develop the facilities.

Corporations in the Asia-Pacific region are set to contract a record 7 GW of renewable capacity in 2022, according to a new report by Wood Mackenzie. Solar accounts for 57% of the region’s contracted corporate renewable power purchase agreements (PPAs) to date. India, Australia and Taiwan account for 89% of overall capacity in the region.

The Northern Beaches Council in Sydney is seeking expressions of interest from organisations able to set and and run a group Power Purchase Agreement (PPA), for its local businesses. The aim is to aggregate local businesses to collectively scale up their PPA buying power and cut time, complexity and associated costs.

Developer Energy Estate has signed a deal with Abergeldie Complex Infrastructure, which has designed vertical manmade caverns for hydrogen storage. Energy Estate co-founder Simon Currie says the partnership is about shoring up projects like its proposed 1.6 GW Hunter Hydrogen Network.