The establishment of Queensland’s state-owned renewable energy corporation CleanCo has reached another milestone with the legislation presented to the parliament.
Stating NSW was once a world leader on climate change, a new Climate Council report notes the state is now far behind being home to Australia’s oldest fleet of coal-fired power generators. While NSW public is highly supportive of renewable energy, state government policies fail to encourage more wind and solar projects beyond 2020.
New myth-busting analysis has revealed that rooftop solar is not so much in vogue among the wealthy, but is more popular among poorer households. Cost-saving benefits are, however, being blunted by high fixed charges, while energy retailers are profiteering from households with solar PV, states the report from the Victoria Energy Policy Climate.
Scott Morrison will announce $A2 billion over a decade for a Climate Solutions Fund, as the government seeks to counter criticisms that it is not doing enough towards dealing with climate change.
The legislation would enshrine a customer’s right to generate and store electricity on their own property as well as connecting to the grid without undue burden and freedom from discriminatory fees, as well as setting compensation for battery exports.
Projects not encompassed by the new, central-subsidy-free, ‘grid-parity’ regime will be eligible to bid for a government subsidy. But, at a reported $446 million, the pot is not big.
After announcing a policy to drive 9 GW of renewable energy within a decade if elected, NSW Labor has pledged to invest $11 million to train and accredit electricians to install and maintain the new solar energy infrastructure in the state.
New legal advice, sought by The Australia Institute Climate & Energy Program, suggests the Underwriting New Generation Investment Program is unconstitutional and lacks the legislative basis to proceed.
In late January Japan’s Sumitomo Corporation Group took its first step into the distributed generation market, with its acquisition of Perth-based Infinite Energy. Infinite’s founder and CEO Aidan Jenkins says “after being the little guy” the Sumitomo balance sheet will allow the company to compete with the major electricity retailers – if state government in WA gives them the chance.
The Smart Energy Council has hailed today’s announcement of NSW Labor’s policy to drive 7 GW of renewable energy into the National Energy Market by 2030 as “the biggest rollout of renewable energy in Australia’s history”.
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