LCOE from large scale PV fell 4% to $50 per megawatt-hour in six months
Analysts at Bloomberg New Energy Finance say the lowest-cost projects financed in Australia, China, Chile and the UAE in the last six months hit a levelized cost of energy of just $23-29/MWh and the best solar and wind projects will produce electricity for less than $20/MWh by 2030.
AEMO: The grid can handle 75% renewables by 2025
The Australian Energy Market Operator (AEMO) has found that the country already has the technical capability to safely operate a system where three-quarters of electricity comes from wind and solar. However, to do so it needs to get regulations right.
Despite solar woes, Tesla recorded its first profitable Q1
Tesla finished the first quarter of 2020 with a positive GAAP net income, driven by the profitability of the Model Y. However, the story was not so bright for solar, storage or corporate governance.
“Queenslander!” call to fight new coal investment
A new poll of 1000 Queenslanders has found strong support for the State to invest in renewable energy and a concordant distaste for coal. The results come amid political debate as to the viability of a new coal-fired power station in North Queensland.
Australia’s biggest green hydrogen plant secures initial investment
The Arrowsmith Hydrogen plant is the first of many green hydrogen projects across Western Australia being developed by Perth-based company Infinite Blue Energy.
Diamond bright, QUT researchers shine light on energy storage solution
Researchers at the Queensland University of Technology have proposed a new design of a diamond nanothread bundle that could found a new form of mechanical storage, which, pound-for-pound, is three times more powerful than lithium-ion batteries.
AER’s final approval takes QNI to shovel-ready status
The Australian Energy Regulator has approved the final phase of the Queensland – New South Wales Interconnector upgrades. TransGrid and Powerlink are now ready to begin civil construction in the coming weeks.
NSW government to fast-track approvals for Snowy 2.0 project
In a bid to boost the state’s economy and create jobs amid the Covid-19 crisis, the New South Wales government will accelerate the assessment of 24 projects, including the $4.6 billion Snowy 2.0 pumped hydro storage project.
Solar costs set to continue falling according to ITRPV roadmap
The 11th edition of the German document which tracks solar price falls and efficiency improvements has considered the role bigger wafers are playing in cost reduction.
Zero-emissions solutions are ready to roll, right when the economy needs them most
A major new report finds there is a pathway to zero emissions for every major economic sector in Australia. Over 18 months in the making, Decarbonisation Futures offers fresh ideas for how Australia can embrace the zero-emissions future that is visible on the other side of the pandemic, writes Amandine Denis-Ryan of ClimateWorks Australia.
