Policy

Spanish energy and construction giant Acciona plans to massively expand its investment in Australian renewable projects over the next five years, following the new federal government’s pledge to upgrade national electricity transmission networks.

The Vietnamese government is reportedly concerned about legal action from solar investors if its new power development plan does not prove ambitious enough.

Singapore’s Energy Market Authority has already attracted proposals for 1.2 GW of renewable electricity, to be generated in four southeast Asian nations, and wants to raise that figure to 4 GW by 2035.

A coalition of renewable energy investors is calling for urgent reform of the National Electricity Market to help restore confidence among developers of large-scale wind and solar projects grappling with grid congestion and curtailment issues in Australia.

The Victorian government has published its Gas Substitution Roadmap detailing regulatory and policy reform designed to help Australia’s biggest gas-consuming state fast-track its transition towards a renewable energy future and navigate the path to net-zero emissions.

The Victorian government has opened a new round of funding for a $20 million initiative designed to support projects that create long-term sustainable jobs, increase the uptake of renewable energy generation and drive innovation in new energy technologies.

In May, Australia voted out its conservative government, which had held power for almost a decade. Instead, it turned to Labor, female independents, and minor parties with far greater climate ambitions. In short, it shifted to an entirely different approach to politics.

The Australian Energy Market Operator has declared approximately $12.7 billion of investment in new transmission lines should begin “as urgently as possible” to accelerate the transition to renewable energy and energy storage, replace exiting coal-fired power plants, and deliver a more efficient and effective grid in eastern and south-eastern Australia.

The operator of the 150 MW/193 MWh Hornsdale Power Reserve in South Australia has been fined $900,000 after being sued by the Australian Energy Regulator for failing to deliver on its promise of providing services essential to maintaining the stability of the power grid.

The Clean Energy Regulator has outlined the second round of changes coming to Australia’s solar rebate program, the small-scale renewable energy scheme (SRES). They primarily involve changing which body will manage solar designer and installer accreditations and who will publish approved solar panel and inverter equipment lists – both of which have formerly been the remit of the Clean Energy Council.