Markets & Policy

As Australia continues to battle horrific bushfires, Prime Minister Scott Morrison has announced a renewed focus on gas-fired electricity to reduce emissions and lower energy prices. This is a dangerous and completely unnecessary route.

Australian energy-trading tech company, Power Ledger will enable greater trust and ease of trade in renewable energy certificates through its latest US partnership — “It’s a big deal,” says company co-founder Dr Jemma Green.

An energy executive in transition, Alba Ruiz Leon combines recent learnings as head of the team that built Limondale with the analytical resources she now commands as leader of Cornwall Insight Australia.

Encouraging money to chase firming of renewables is expected to be just one positive byproduct of a proposed new financial derivatives platform that will allow industry players to hedge against volatility in the pricing of renewable energy.

An energy deal struck between the Morrison and Berejiklian governments that will see more than $2 billion invested to increase gas supply and reduce greenhouse gas emissions from the electricity sector has prompted a flurry of reactions that boil down to two conflicting interpretations of its purpose.

In yet another confirmation of a dramatic drop in spending on large-scale renewables in Australia, a new analysis by the Clean Energy Council reveals a fall from 51 projects worth $10.7 billion in 2018 down to 28 projects worth $4.5 billion in 2019. Mounting regulatory risks, under-investment in transmission and policy uncertainty are the main reasons behind investment slow-down, which is set to put greater pressure on reliability and power prices as Australia’s old coal-fired power stations continue to close.

Scientists at the University of Southern Denmark working with sodium-ion batteries found that a new electrode material incorporating iron, manganese and phosphorous could increase both the power and capacity of the batteries.

Germany-based Wirtgen Invest has entered the large-scale Aussie solar market with the purchase of the 140 MW Glenrowan West Solar Farm, a significant project considering its location in one of the 2020 Integrated System Plan’s Renewable Energy Zones.

Solarwatt’s Vision glass-glass solar PV modules have pushed the technology’s resilience even further after passing Aussie cyclone testing in Darwin. The success arouses new attention to the competing riders on the bifacial wave, glass-glass and backsheets.

The Minerals Council South Africa has urged the government to solve the country’s energy crisis by adding more power generation capacity from both distributed and large-scale renewables. Meanwhile, several mining companies operating in South Africa are planning their own big solar parks, including two 200 MW facilities under development by Sibanye-Stillwater and Vedanta.