Markets & Policy

Australia’s bushfire crisis is beginning to expose a National Energy Market over-reliant on vulnerable individual elements. Does Australia’s changing environment necessitate a localised energy future?

Australia’s transition to electric vehicles (EV) is well and truly underway, so it is no wonder that state and federal governments are teasing out ways to tax its progress. Victorian and NSW governments already devising plans, but is the EV industry ready? And what is more, are governmental plans already out of date?

This cataclysmic bushfire season demonstrates the risk that climate change poses to Australia’s economic and social prosperity. Stanford’s international roadmap to freedom from fossil fuels by 2050 says Australia needs another 280 GW of solar PV and tens of billions of dollars of investment to turn down the heat.

As the energy landscape continues to evolve to meet the needs of the 21st century, digitalization is growing within generation, distribution and transmission. On the demand management side, Amber Electric is seeking to bring transparency to the market, passing wholesale prices directly to consumers for a $10 flat monthly fee. The Melbourne-based start-up is readying to expand its offering in 2020, as home batteries, EV chargers and other smart devices establish a firmer hold in the Australian electricity market, says Dan Adams, co-founder of Amber Electric.

Unnamed Queensland and Victoria solar businesses have been ordered to pay hefty fines, after being caught misclassifying solar mounting kits imported from China. Earlier this year, the Australian Border Force announced it was tightening screws on the dumping of aluminium extrusions, mostly used to mount solar panels.

In a newly published policy document, Hanoi has urged regional governments and the country’s state-run utility, EVN, to suspend authorizations for new solar parks until further notice. Around 8.93 GW of utility-scale solar capacity is already approved for development in Vietnam, according to the Ministry of Industry and Trade.

A microgrid installed on an apartment block in Melbourne will provide clean and affordable electricity to 52 low-income households. It is the first site of Ovida’s Community Energy Hubs project, which will deliver shared solar PV and batteries to more multi-tenanted buildings in the city.

Sydney-based developer Genex Power Limited (Genex) has fought its way back from several unlucky blows to achieve financial close for the 50MW Jemalong Solar Project and the refinancing of the 50 MW Kidston Solar One Project.

The Australian Renewable Energy Agency (ARENA) is set to fund Australian energy technology company Wattwatchers to the tune of $2.7 million. The funding will aid the development of a consumer-facing energy data hub, ‘My Energy Marketplace,’ another step forward in consumer energy empowerment.

Australian retail property major Vicinity Centres has delivered two solar carparks at its shopping centers in South Australia, one of which is the nation’s biggest at 3.2 MW. One of the centers also has a solar battery trial underway and both will have EV charging stations as of next year.