Markets & Policy

Renewable generation in the National Energy Market has set the fifth consecutive monthly record high in November, due to eight new solar farms coming online over the last two months. The National Energy Emissions Audit released by The Australia Institute tallied the figures. Despite solar’s growth, evidence coming from the Federal Government reveals a continuing upward trend in emissions since 2013.

The University of Queensland has completed the purchase of the $125 Warwick Solar Farm in the Southern Downs region, making it the largest solar asset in ownership of an Australian university. Lendlease will act as developer on the project.

If maintained, Australia’s current rate of installs would deliver 78% renewables by 2030, find Green Energy Markets in its latest edition of RE Index. The 50% renewables target proposed by the the Federal Labor Party and several state Labor governments would thus deliver a sharp market decline, with installations falling to a third of recent rates and workforce shrinking by three quarters.

The renewable sector has responded warmly to the reappointment of Lily D’Ambrosio as Energy and Environment Minister. Her title has been expanded to take into account the growing responsibility of running the re-elected state government’s expansive solar and storage initiatives.

The second phase of the proposed 250 MW virtual power plant will see Tesla Powerwall batteries and solar panels installed on 1,000 South Australian households.

The Philippines’ Energy Regulatory Commission (ERC) has said the removal of the 100 kW cap for solar installations under net metering would be difficult for the nation’s grid to accomodate. Meanwhile, a proposal to raise the treshhold is being discussed in the country’s Senate.

Greenpeace operates a renewables-powered electricity retailer in Germany, in a Hamburg-based operation. It has proposed purchasing giant utility RWE’s coal power plants and replace them with 8.2 GW of wind and solar power plants. Approximately €7 billion will be invested in the new facilities, which could be built without subsidies – Greenpeace Energy claims.

Infradebt has provided a $22.2 million senior debt facility for Epuron’s portfolio of operating solar assets in the Northern Territory with the accumulated capacity of close to 7 MW.

The German energy storage provider has begun assembling batteries at the former Holden site at Elizabeth in Adelaide’s north. The company has already hired 50 full-time employees.

With the Coalition in Victoria punished by voters and the Federal Government slipping further into minority, the muddled energy policy agenda of the conservative Liberal and National parties is starting to receive an electoral backlash. Long-reported public support for renewables can no longer be ignored.