Policy

Australia’s first coordinated renewable energy zone is a step closer to realisation with the environmental impact statement for the transmission infrastructure required to connect at least 3 GW of new clean energy generation capacity to the national grid now open for public scrutiny.

Solar industry veteran Jigar Shah, the director of the US Department of Energy’s (DoE) Loan Programs Office, says that virtual power plants are the path to success, as solar net metering now faces an uncertain future.

Queensland’s CleanCo has opened expressions of interest to renewables projects wanting to participate in the transformation of its former coal-fired Swanbank power precinct to a clean energy hub.

With the regulatory scaffolding around natural hydrogen starting to be erected across the country, the Western Australian government has confirmed it will charge a royalty on hydrogen extracted from underground geological formations, otherwise known as natural or gold hydrogen.

A major jump in small-scale air source heat pump installations has been illustrated by the Clean Energy Regulator’s latest Carbon Market Report. Australia’s large-scale renewables segment, however, is languishing with the Regulator knocking its 2023 final investment decision (FID) forecasts down from 3.5 GW to 2.5 GW. Just a 0.5 GW has reach FID in 2023 so far.

A new $10 million (USD 6.42 million) grants initiative that eliminates the need for Victorian companies that install solar panels, solar hot water systems and heat pumps at scale to apply for individual rebates is now open for expressions of interest.

Plans to develop a large-scale green hydrogen production and export facility at Port Bonython in South Australia have received a significant boost with the state and federal governments investing $100 million (USD 64.4 million) to develop infrastructure that will support the proposed $593 million project.

The Australian Energy Market Commission has declared regulatory reform is required to maximise the benefits of the “record amounts” of household energy devices including rooftop solar systems and small-scale batteries that are connecting to the power grid.

Australia’s National Reconstruction Fund is up and running, with the federal government transferring the first $5 billion (USD 3.26 billion). The fund has already received around 100 proposals, with climate ventures and advanced technology reportedly dominating.

Rystad Energy believes China could be on track for another record year in 2023, with expectations for more than 150 GW of new PV capacity. The Norwegian consultancy says the country could also potentially install 165 GW in 2024 and 170 GW in 2025.