Markets & Policy

A mix of higher operating costs and ageing coal assets – plus historically generous solar tariffs – meant the utility banked more profit from the 1.53 TWh of solar electricity it sold in the first half than it did from 25.9 TWh of coal-fired power.

Industry superannuation fund manager IFM Investors has announced an ‘unprecedented’ set of Australia’s largest infrastructure assets have set firm emissions targets which are expected to be met with large-scale solar uptake.

The Australian Renewable Energy Agency (ARENA) will top up Evie Networks ultra-fast battery electric vehicle (EV) charging network throughout Australia’s highways with $15 million in federal funding.

In an effort to replace two aging power plants, Hawaiian Electric Industries has launched a roughly 900 MW procurement, the largest in the utility’s history, across the islands of Oahu, Maui and Hawaii.

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.