Markets & Policy

In a letter addressed to Prime Minister Scott Morrison, Queensland Deputy Premier Jackie Trad has called for more renewable investment and Federal government backing to help create and support more jobs in more industries, but gas is not out of the picture.

Even a casual observer of the political debate over climate change in Australia would almost have whiplash from the abrupt turn from low-key climate denialism to focus on resilience and adaptation in the face of climate catastrophes.

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.