With more than half of its electricity already supplied by wind and solar, South Australia is setting the bar high for how to efficiently decarbonize the grid. As it moves toward its 2030 target of “net” 100% renewables, the speed of the state’s energy transition will depend on a host of factors.
Toyota Australia has marked the 50th anniversary of Earth Day with the unveiling of the first stage of its green hydrogen production and refueling center at its former manufacturing site in West Melbourne.
Rystad Energy’s analysis of the Australian National Electricity Market over the month of March revealed 25% generation from renewable sources as large-scale solar powers ahead.
Sydney’s Macquarie University has signed a seven-year contract with Snowy Hydro owned Red Energy to be powered by 100% renewables from 1 July 2020. The move demonstrates the variety of pathways to sustainability through renewable energy.
More than 100 apartments in Western Australia will get access to blockchain energy trading technology on the back of a three-year deal signed by Power Ledger and developer Nicheliving.
The City of Ryde has decided to adjust its ambitions from a 60% renewable energy target by 2030 to a 100% renewable energy target.
Analyzing its fleet of solar sites, Solar Analytics has found that energy consumption in households due to Covid-19 confinement is up only slightly, if at all. While this is good news, the great news is that the onsite consumption of free solar power in these households is up significantly.
In the five weeks between subsidy step-down being announced and implemented under the $100 million Home Battery Scheme, more than 5,000 subsidies were approved.
The Covid-19 pandemic will create a “perfect storm” for the wholesale electricity market as lower demand comes together with lower gas prices and large-scale solar and wind being commissioned to depress power prices, finds a report by Melbourne-based consultancy RepuTex.
The pandemic will postpone or cancel the financial close of some 3 GW of solar and wind in Australia, according to Norwegian consultancy Rystad Energy, as the falling Australian dollar renders projects uneconomical. The biggest loser among the states will be New South Wales.
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