Australia’s biggest super fund commits to 2050 net zero
AustralianSuper, the country’s largest superannuation fund, has followed up from its dumping of shares in Whitehaven Coal with a commitment to a net zero carbon emissions investment portfolio by 2050. The fund, a major global investor, is as yet only a minor investor in the renewable energy sector, but that looks like it will soon change.
October’s QLD energy price spike ‘harbinger of things to come’
On Tuesday 13th October 2020 Queensland’s electricity spiked from approximately $25/MWh to $15,000/MWh (the current market price cap) in response to a tripping incident involving the constraint of 11 solar farms and one wind farm. The event is being seen as illustrative of just what needs to be addressed in the design of NEM 2.0.
QLD establishes ministry for hydrogen as Australia moves ahead in the global race for H
In an Australian first, newly re-elected Premier of Queensland Annastacia Palaszczuk has established a ministry for hydrogen in her new government. The move comes amidst a raft of recent hydrogen related policies throughout Australia and reinforces the nation’s determination to lead the global race for a hydrogen economy.
Biden’s upcoming energy secretary decision stirs speculation
“We need a ‘deployment’ energy secretary,” Generate Capital President Jigar Shah said several years ago. “One who understands how entrepreneurs move from research to revenue. One who understands the difference between venture capital and project finance.”
What can President-Elect Biden get done on energy in his first 100 days?
Biden has made a long list of promises and commitments to the environment and future of clean energy if elected. Which of these promises could we see immediate action on and which are years down the line?
NSW orchestrates 12 GW of renewables and 2 GW of pumped hydro by 2030
A steady progression of targets, plans and policy adjustments come together in the ‘NSW Electricity Infrastructure Roadmap’ as the Berejiklian Government strives to get ahead of the retirement of coal-fired generators — and fire up the state economy!
Beryl and Manildra Solar Farms up for sale as investor exits Oz
New Energy Solar is an investment fund focused on helping investors benefit from a global shift to renewable energy. It’s selling its Australian solar assets because the climate isn’t right?
South Australia on the front foot with $240 million green hydrogen export project
The South Australian government has followed up the launch of its Hydrogen Export Prospectus last week with a straight drive on the front foot, $37 million in funding for export infrastructure upgrades in support of the a $240 million green hydrogen and green ammonia project which will make South Australia a global leader.
IEA report rubbishes Morrison’s gas-led energy plan
An International Energy Agency report led up by Rolf Frischknecht from Treeze in Switzerland and under the joint project management of the University of New South Wales’ José Bilbao has measured the lifecycle emissions of both residential solar PV with battery storage and gas-generated grid electricity. The results are not particularly surprising, only the Morrison Government’s ongoing obduracy is.
Climate Council says bushfire royal commission findings put solar+storage front and centre
Responding to the findings of the bushfire Royal Commission, the Climate Council have pointed to solar and battery solutions as integral to building a more disaster resilient and decarbonised Australia.
