Markets & Policy

South Australia’s first ten-star home was completed last month, a home that consumes twenty times less energy than the average Australian household, in part thanks to its Fimer React 2 solar hybrid system.

Australian mining giant BHP has signed a five-year power purchase agreement with CleanCo as it looks to cut emissions from its electricity use at its QLD coal mines by 50% by 2025. The agreement relies on a variety of energy sources, including gas, at least until the Western Downs Green Power Hub comes online in late 2022. Critics have described the deal as “greenwashing”.

The Federal Government’s Northern Australia Infrastructure Facility is backing Melbourne-based investment firm Merricks Capital to the tune of $37 million for the construction of a 10 MW solar farm and a 12 MW gas power plant south of Darwin. The twin projects are set to be the first privately owned and operated energy projects in the Territory.

The 50% expansion of Neoen’s Hornsdale Power Reserve, otherwise known as the Tesla Big Battery, has been successfully completed. If testing of the upgraded battery goes well, Hornsdale could begin to function with an expanded remit of synthetic inertia services, a capability which could have significant impact on regulatory changes.

The German government is planning to tender 5.3 GW in the rooftop segment and 13.5 GW for large-scale PV projects.

The University of Sydney’s recently released Climate Statement makes a raft of commitments across a range of sustainability fronts, most notably a commitment to source 100% of its electricity from renewable sources by 2025 and reach net zero emissions by 2030. However, Australia’s oldest university is still under pressure to divest from fossil fuels.

The Western Australian Government has launched its new Distributed Energy Buyback Scheme, a way for homes, schools, and not-for-profits with rooftop solar, energy storage, and even electric vehicles (EVs) to earn some money back from the surplus energy they export to the grid. 

Energy and Emissions Reduction Minister Angus Taylor is set to expand the remit of the Clean Energy Finance Corporation to allow it to invest in gas generation. The move, which is so counter-productive that it resembles sabotage, has sparked waves of disapproval from around the nation, led by the Clean Energy Council.

The global renewable-energy transition needs a massive injection of community advocacy and engagement if countries are to have any effect on global warming. Industry analyst and commentator Ketan Joshi hopes to seed confidence among people still sitting on the fence to argue for and support renewable developments in their communities.

Distributed rooftop electricity generation means that many more parties have a stake in rule changes and amended standards for equipment than when a few coal-fired plants ruled the NEM. The South Australian Liberal Government seems to have eschewed consultation with overriding new rules that could hurt many small solar businesses and shake the trust of solar households.