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Markets & Policy

Queensland targets 70% renewable energy by 2032

Queensland Premier Annastacia Palaszczuk has announced the state will now be targeting 70% renewable energy penetrations by 2032 – a significant increase in ambition and a teaser for “one of the biggest announcements our government has ever made” later today.


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‘The first terawatt of solar PV installed globally took some 70 years to achieve, while the second will likely take only three’

Leading solar researchers from around the world are meeting for the first time in four years in Milan, Italy, for the 8th World Conference on Photovoltaic Energy Conversion (WCPEC-8). The first morning has seen prestigious awards bestowed on two scientific leaders and inspirational discussions as to how the “second terawatt” of solar can be installed globally in just a handful of years.

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Retailer secures $150 million expansion investment from South Korea

Hanwha Energy Australia, owner of retail energy business Nectr, has secured $150 million in investment to fast track its Australian growth, including deploying VPPs and developing utility-scale generation projects.

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Google to use Australian power tracing tech in Sydney trial

Google will be using Australian company Enosi’s technology to trace its energy use in Sydney, part of its journey towards time matched renewables – a far more ambitious and globally favoured standard.

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Edify wins government grid forming battery contract as Victoria pushes storage

Edify Energy has been awarded the contract to deliver a grid forming, lithium-ion big battery in Victoria, which will provide system support services for Victoria Murray River Renewable Energy Zone and contribute to the state’s new storage targets.

Victoria targets 6.3 GW of renewable storage by 2035

Victoria’s Labor government this morning announced it will target 2.6 GW of renewable energy storage capacity by 2030, and 6.3 GW by 2035.

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IEA PVSP predicts high-cost, low-revenue scenario for solar recycling

A recent report by the International Energy Agency Photovoltaic Power Systems Programme (IEA PVSP) reviews the current regulatory and industrial landscape for end-of-life PV management in Germany, France, Italy, Spain, Japan, South Korea, China, Australia, and the United States.

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Queensland charges ahead with big battery rollout

A new $8 million large-scale, network-connected battery at Tanby on Queensland’s Capricorn Coast is expected to help facilitate the continued integration of renewables, including rooftop solar PV, into the state’s energy system.

Tomago Aluminium ramps up renewable energy plans

New South Wales’ largest electricity user, Tomago Aluminium, is accelerating its plan to abandon coal-fired power, revealing it is looking to collaborate with key industry partners to develop new and innovative renewable power generation and energy storage projects.

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New Zealand fast tracks approvals process for 147 MW solar farm

British renewable energy firm Harmony Energy’s plan to develop a 147 MW solar farm on the North Island of New Zealand has been fast tracked with the country seeking to accelerate the roll out of renewable energy generation projects as it strives to reach net zero by 2050.

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