Markets & Policy

The Australian Energy Market Operator’s second State of the System update, a sort of ‘Around-the-Grounds’ of the National Energy Market, has revealed that 2020 set new records for both number of new projects connected and new megawatts of generation.

The Ranger Uranium Mine, completely enclosed within the World Heritage-listed Kakadu National Park, ceased production in January 2021 after years of financial losses. Now, as part of a multi-million dollar rejuvenation of the Park, a solar and battery storage hybrid project is set for development at the town of Jabiru, a project which will help the town replenish itself as a tourist hub for one of Australia’s greatest treasures.

January normally sees a spike in the average wholesale electricity price. This year, however, increased solar PV and wind generation have seen this traditional trend bucked.

The first round of funding for the Australian Renewable Energy Agency’s Future Fuels Fund is now open to applicants. The first round will look to expand the fast charging network for battery electric vehicles in Australia’s major population centres in an effort to encourage the individual and fleet transition to electric vehicles.

The ducks are lining up for the Central-West Orana Renewable Energy Zone to break ground in 2023. With money in the bank, TransGrid today begins community consultation on the proposed transmission corridor to support this efficient approach to renewable energy development.

South Australia is leading the nation in terms of renewable energy penetration, with rooftop solar a major contributor. But the state’s hard-won ability to deactivate thousands of rooftop solar systems in response to grid voltage disturbances has caused significant disruptions to solar installers. With a deeper look inside the changes, it appears to be a good thing for solar in the state, as well as other markets in which distributed PV is growing rapidly.

Debt financing services from Bank of China, Commonwealth Bank of Australia, and Westpac, have brought the first 400 MW stage of the New England Solar Farm to financial close, a massive milestone for massive hybrid project.

The developer said it installed and commissioned seven solar rooftops in just three months despite Covid-19 travel restrictions.

Western Australian Opposition Leader Zak Kirkup has unveiled an ambitious new energy policy in the lead up to the state election, announcing a $400 million jobs and renewable energy plan which would see coal phased out along with big investments in solar, wind and hydrogen.

Macquarie owned Green Investment Group’s Renewable Energy Fund 2 has far exceeded its own expectations by raising over AUD$2.5 billion in investment commitments for large-scale solar and wind projects all over the world, including Australia.