Are oil and gas companies on the run?
Private sector fossil fuel spending on exploration is drying up just as modest rises in clean energy investments are being observed. With stock market investors increasingly embracing renewables, the IEA has observed positive signals in its latest energy investment report, but warned we are still doing far too little to keep global heating at bay.
Industry stakeholders unite against proposed solar PV export charge
A proposal which would allow network operators to charge rooftop solar PV owners to export their surplus energy to the grid has been opposed by key stakeholder groups in a joint submission to the Australian Energy Market Commission.
Hybrid Systems unveils ‘world’s biggest’ SPS factory as it targets growing market
Solar and battery microgrid specialist Hybrid Systems Australia has announced it will establish the “world’s biggest” standalone power system manufacturing facility in Western Australia as it looks to cater for growing demand for the technology.
Lightsource bp secures $330 million for QLD and NSW solar farms
Lightsource bp, the solar arm of oil major BP, has reached financial close on its 107 MW West Wyalong Solar Farm in New South Wales and its 214 MW Woolooga Solar Farm in Queensland, bringing the company’s Australian pipeline to over 1.5 GW (DC) and exhibiting the strength of green investment strategies.
New IEEFA report sees South Australia as world’s energy transition model
The Institute for Energy Economics and Financial analysis (IEEFA) has published a report in which it points to seven key lessons energy planners the world over can take from South Australia’s extraordinary renewable energy integration. However, even South Australia, IEEFA’s model, still requires thoughtful planning and policy for the path forward.
How the NEM works and why NSW’s commission is calling for reforms
New South Wales’ Productivity Commission has called on the state to reform its energy and water regulations, among other recommendations, in the White Paper report published this week.
‘We see a future where Australia produces thousands of terawatt hours of renewable electricity’
Chief Executive of the Australian Renewable Energy Agency, Darren Miller, says he envisions a future where Australia will produce up to ten times more clean electricity than the country requires to become a “shining example of what is possible if you have the right ingredients and the right ambition.”
SA social housing VPP expanded to provide Tesla batteries to homes without solar
The Housing SA Tesla VPP is being expanded to include a trial of 20 homes unsuitable for solar installation. The SA Government is offering free Tesla batteries to such homes to show how participation in the VPP with a battery alone can still deliver significant savings.
NSW launches renewable gas certification pilot as debate around the sector’s decarbonisation escalates
The New South Wales government has today launched a renewable Renewable Gas Certification Pilot, with the aim of sparking a new energy market for clean gas in Australia.
Batteries boom as investment in large-scale renewables slumps to a 5-year low
New data released by the CEC and confirmed by industry experience, shows investors have become shy of committing to large-scale renewable projects in Australia, where government intervention has created uncertainty, and grid risk is virtually impossible to quantify — even with a prized connection agreement in hand.
