Markets & Policy

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.

The University of New South Wales along with several other universities and the CSIRO are embarking on a feasibility study into how New South Wales can utilise excess renewable energy to make fuel, chemicals and feedstocks for industry. The aim is to develop a plan for how fuels and chemicals such as green hydrogen and ammonia produced from renewables can decarbonise industry and grow manufacturing.

At present, China accounts for almost 75% of global lithium-ion battery manufacturing capacity and this share is set to increase through the short term with its build-out of new facilities. And although the US and Europe are enacting policies to encourage domestic battery production, there has been a distinct lack of support for investment in the supply and refining of the raw materials to achieve this. In China, the opposite holds true. 

Australian engineer Daniel Westerman has been chosen to head the Australian Energy Market Operator (AEMO) as the nation continues to navigate a rapid transformation of the generation mix.