Solar and battery installers, retailers and suppliers have been put on notice by the consumer watchdog as new data shows Australians are investing in solar and home batteries at an unprecedented rate, bolstered by federal and state government incentives.
The Marinus Link undersea electricity connector between Tasmania and Victoria has secured federal environmental approval a day after state and Commonwealth governments announced a positive final investment decision for the 750 MW first stage of the project.
Global electricity demand is set to rise more than 3% per year through 2026, driven by growth in Asia and greater use across industry, data centres, and transport, with renewables, gas, and nuclear meeting most of the increase, says the International Energy Agency.
Marinus Link, the 750 MW capacity high voltage direct current electricity interconnector proposed to strengthen the Tasmania and Victoria connection on the National Electricity Market, has reached Stage 1 financial investment decision.
July home battery data released by SunWiz shows Australia is on track to smash 2024 records with the potential for 220,000 installations to be completed in the first 12 months of the federal government’s Cheaper Home Batteries subsidy.
Australia is one of only seven countries outside the European Union that has updated its 2030 national renewable target with an 18 GW boost, since the 2023 COP28 global tripling pledge.
One-time Nationals leader Barnaby Joyce sought to dominate the first sitting week of the current federal parliament by proposing a divisive plan to reverse Australia’s net zero emissions target.
Australia Post is continuing its deployment of rooftop solar and battery energy storage systems as part of the company’s multi-million-dollar energy efficiency program, announcing plans to deploy more than 1.2 MW of PV capacity at sites in Queensland.
A 90 MW solar farm and four-hour battery energy storage system planned for the Richmond Valley in northern New South Wales has passed through the federal environmental approvals process in just 30 business days.
AGL Energy continues its push into community power, announcing plans to build and operate a portfolio of community batteries located across metropolitan and regional South Australia.
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