Markets & Policy

John Laing Group has reported losses in Australia of some $121 million — said to be due to transmission factors on three of its renewable-energy projects — leading the company to write down the value of those projects and suspend new investment in Australian renewable generation.

The Australian Energy Market Operator (AEMO) has today released its 2019 Electricity Statement of Opportunities (ESOO), a forecast of the supply and demand conditions across the National Electricity Market (NEM) as the country moves toward the 2019-20 summer. AEMO warned that a dearth of short and longer-term investment in dispatchable resources and transmission will ensure real-world impacts this summer.

Two reports have described how the world’s largest renewable energy market is moving towards maturity. According to the Brookings Institution, the Chinese clean energy market could become more open to Western investors and tech. A report by Fitch claims projects are moving back to inland provinces from coastal regions.

Energy giant Shell has launched a takeover bid of Australian gas-only electricity retailer ERM Power as part of its strategy to transition to electricity and its ambition to become the biggest generator in the world. Wood Mackenzie analysis suggests Shell is expanding into other global power markets.

Women provide an invaluable perspective in the PV industry’s workforce. Studies have shown that the number of qualified women in leadership yields better performance, and that female representation leads to greater collaboration and fairness within the workplace. Yet there still exists a great divide and inadequate representation. This year’s In Conversation section in the August edition of pv magazine highlights the significant contributions of leading women in the solar industry across its many segments, geographies, backgrounds and professions. Watch out for the interviews, which will be published over the coming Mondays, Wednesdays and Fridays.

The Australian supermarket giant will purchase more than 70% of the electricity generated by three solar power plants to be built and operated by Metka EGN outside the regional centres of Wagga Wagga, Corowa and Junee – the equivalent of 10% of Coles’ national electricity usage.

Australian Vanadium and Metrowest Power Systems have signed a non-binding memorandum of understanding to facilitate energy storage opportunities using vanadium redox flow battery technology.

Following up suspicions raised by the state’s solar installer community, Solar Victoria launched an investigation into whether artificial intelligence (AI) had been deployed to exploit registrations for the rooftop PV subsidy. The investigation has concluded that there was no AI interference in the Solar Homes portal.

ANZ has extended its collaboration with the Clean Energy Finance Corporation, committing to facilitating a further $100 million of finance to help Australian businesses cut energy costs and reduce carbon emissions. Under the scheme, the bank is offering financial discounts for upgrades and new investments in solar PV, energy storage, EVs and other technologies.

The Australian arm of global mining manufacturer Molycop will be partly powered by wind and solar with the help of a long-term offtake deal inked with electricity retailer Flow Power. Under the new partnership, the manufacturer will have access to the ARENA Demand Response program.