Policy

The breadth and depth of detail in the GSD2019 (to be released today) reveals any number of important insights into the supply side of the NEM. One theme that stood out for me as I reviewed the data was the set of challenges facing the NEM’s most recent crop of new entrant generators – utility-scale solar farms – as they come to grips with the messy reality of the electricity market.

Peter Gutwein is the new Premier of Tasmania and the first Tasmanian Liberal Minister for Climate Change. The Premier, who has a history of rebelliousness to the party line, seeks to lead Tasmania to a renewable energy future.

Energy Minister Angus Taylor has confirmed that Australia is on its way to hit nearly 50% renewables share by 2030, the target deemed economically suicidal by the Coalition during the last election. With no mention of the widely-reported massive drop in renewable energy investment, Taylor hailed 2019 as a new record year for renewables in Australia.

Australian and Japanese trade ministers met in Melbourne last week to sign a joint statement of cooperation. The agreement and collaboration between the two nations hopes to affirm Australia’s potential as a major exporter of hydrogen, with Japan as a key recipient.

Power generation statistics released by the National Energy Administration appear to confirm the nation added 12 GW of solar last month. China also deployed another 41 GW of polluting coal-fired power plants last year.

In recent decades Noosa has gone from hip-replacements to hip and trendy, and nowhere does it have its finger more on the pulse than its ambitious climate and energy goals. Said ambitions will now see Noosa host the Transforming Australia 2020 Summit run by the Cities Power Partnership.

Australia’s utility-scale renewable energy sector is set for a record year with 3.6 GW of projects expected to complete commissioning in 2020, Rystad Energy finds. This comprises 1.96 GW in utility PV projects and 1.57 GW in wind developments, with the remaining 0.1 GW coming from batteries.

Investment in Australian renewable energy capacity fell 40% in 2019 down from record-breaking levels seen in the year before, according to Bloomberg New Energy Finance (BNEF). Spending on large-scale renewables dropped dramatically due to network woes and long-term policy uncertainty but was ameliorated by the rooftop solar segment’s record growth.

The Australian government has opened the Critical Minerals Facilitation Office as it looks to develop a large-scale critical mineral industry to stably supply the world the critical minerals needed for batteries, solar panels, and smartphones.

As the country grapples with devastating bushfires, the number of Australians concerned about climate change has climbed. Almost four-fifths of those surveyed last week said they were concerned about climate change, an increase of five percent from July, according to think-tank The Australia Insitute. The polling comes hot on the heels of the Bureau of Meteorology’s 2019 Annual Climate Statement, showing there is every reason for concern and confirming 2019 was both the warmest and driest year on record for Australia.