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Markets & Policy

FFI teams up with European heavyweight on green hydrogen for Australia, Latin America

Australian green hydrogen developer Fortescue Future Industries and Italian gas and electricity giant Enel are set to partner on making green hydrogen cost-competitive with fossil fuel alternatives this decade.

Australian big battery near triples Neoen’s storage revenue

French renewables developer Neoen has credited the Victorian Big Battery with almost tripling its storage revenues in the first nine months of 2022. To September, the company’s revenues totalled $547 million (USD 347.4 million), with growth in solar and wind revenues paling beside the massive surge from battery storage.

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NSW officially declares its third Renewable Energy Zone

The New South Wales government has formally declared the state’s third Renewable Energy Zone (REZ). The South West REZ, as its called, is centred around the towns of Hay and Balranald in the state’s western Riverina region, with initial expressions of interest in the zone attracting up to 34 GW of generation proposals – more than 13 times the intended capacity of 2.5 GW.

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Market advancing VPP goes live in Western Australia

Western Australia’s largest virtual power plant, the government-support Project Symphony, is live. The project is particularly noteworthy for its introduction of new markets to reward different services and its use of Dynamic Operating Envelopes.

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What to expect from COP27: the horns of the energy trilemma

While not one of the big five-year-cycle COPs like Paris or Glasgow, COP27 is still hugely important, write Wood Mackenzie analysts. The fallout from the conflict in Ukraine has tilted the precarious balance of the energy trilemma – sustainability; affordability; security – towards the latter. But despite this temporary setback, some progress should still be possible.

BHP signs baseload PPA contract with Neoen for 24/7 renewable energy

Australian headquartered mining giant BHP has signed a 70 MW baseload renewable energy contract with Neoen to meet 50% of its Olympic Dam mine operations in South Australia.

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‘Just not going to happen’: big fails from hydrogen in Australia

If the hydrogen economy was fuelled by announcements, it would be booming. In reality, little has come to operational fruition yet. More alarmingly, there is a complete “void of activity” in the Australia’s crucial early stage industry development, BayWa r.e. Australia’s Dr James Hamilton tells pv magazine Australia. “We’ve got a lot of ground to make up and if we don’t acknowledge that, we’re not going to make that ground.”

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Uninterrupted PV generation without storage

An Israeli scientist has proposed a way to achieve uninterrupted PV power on the moon without using energy storage. The proposal involves the installation of PV panels around a 360-degree latitudinal ring close to one of the moon’s poles. There would be no inter-array shading, and static vertical PV arrays and arrays mounted on single-axis vertical trackers could be viable mounting structures.

Australia and US push to ‘friendshore’ critical supply chains draws rebuke from China

“Australia’s critical minerals are at the centre of an important moment in history which could dictate the shape of the world that we will live in for the next century,” federal resources minister Madeleine King told the Rare Earth Conference in Canberra. With the strategy to grow critical mineral supply chains between Australia and the US gaining momentum, this concept of “friendshoring” was in the spotlight at All Energy 2022.

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Thailand introduces FIT scheme for solar, storage

In an unexpected move, the government of Thailand has introduced a feed-in-tariff (FIT) of $0.090 (THB 2.1679)/kWh over 25 years for solar and a 25-year FIT of THB $0.075 (THB 2.8331)/kWh for solar plus storage.

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