Policy

As part of the Western Australian government’s 2021-22 Budget, Premier Mark McGowan announced a new $50 million fund to stimulate the growth of the state’s green hydrogen industry for domestic use and exports. The fund comes on top of several ongoing initiatives and includes funding for private industry feasibility studies, including one which will see bp repurpose its Kwinana Oil Refinery into a green fuels hub.

Australia is currently staring down a suite of reforms which could stifle our rapid and sensible transition to clean energy.

Hive Energy, Ethical Power Group and Solar South West have set up a joint venture they hope will lead to 350 MW of utility scale installations in a country which does not suffer from grid congestion and which appears to have an energy transition-friendly administration.

The European Union’s proposed carbon border tax on imports of energy-intensive goods could push up prices of steel, aluminium and raw materials, which could add costs to the supply chain for solar PV installations. In the longer run, however, the border tax could also offer solar PV manufacturers new opportunities to source materials with a lower carbon footprint.

A market reform more than four years in the making is set to be introduced in less than 30 days with the Australian Energy Market Operator this week confirming the five-minute settlement period will come into effect on October 1, 2021.

With 370 of its most beloved athletes lambasting the country’s climate inaction on the same day its coal-loving base was revealed to be little more than a mirage, the Morrison government must front up to both its own people and global peers as elections and summits loom.

The Victorian government has launched its second Victorian Renewable Energy Target auction, aiming to attract “at least” 600 MW of new renewable energy capacity to the state.

Australia’s solar uptake is now forecast to reach 8.9 GW by 2025, on top of the 14 GW already installed, according to the Australian Electricity Market Operator.

Debate on independent MP Dr Helen Haines’ Australian Local Power Agency Bill 2021, which seeks to anchor the benefits of renewables projects in their hosting regions, will be informed by Friday’s parliamentary committee hearing of submissions on the proposed legislation. A number of valid discussion points have been raised.

Lithium-ion batteries remain the front-runner to power EVs, but without clearer recycling plans from the European Union and the United States, the balance isn’t yet tipped away from heavy mining of new materials to focus on supplying industry needs, writes Ian Morse.