Australia’s largest energy retailer AGL is forging ahead with its strategy to convert the 1,680 MW Liddell Power Station site into a renewable energy hub, announcing on Friday it has commenced transition planning in preparation for the ageing coal-fired power plant’s closure in 2022-2023.
AGL is transforming its operations in a number of ways, from restructuring the company itself, to building energy storage facilities for flexible distribution of renewable energy into the future.
Queensland-based community group Solar Citizens has described as long overdue reports the State Government is considering a new pumped hydro facility near Gympie which would generate renewable energy to service the burgeoning Sunshine Coast region.
The latest set of clean energy statistics compiled by the International Renewable Energy Agency signal a changing of the guard when it comes to clean power, with legacy hydropower facilities overtaken by new intermittent renewables.
More than 260 GW of renewable energy was added globally in 2020, surpassing 2019’s previous net increase record by almost 50%, data from the International Renewable Energy Agency found. Australia’s pace of growth was almost double the global average, coming in at 18.4%.
MinterEllison’s second annual ‘Renewables Investment Report’ finds that over the past year Australia has become a safe haven for investment… The maturity of its renewable opportunities seems to outweigh existing challenges.
Australia’s infrastructure advisory body has added a number of renewable energy-related projects to its priority list, recognising the need for investment in the “once-in-a-lifetime transition from thermal generation to intermittent renewables.”
Canadian behemoth Atco has purchased the rights to develop the 325 MW Central West Pumped Storage Hydro Project in Central West New South Wales and credits the investment to policy certainty from the NSW Government. As a significant firming agent the project is ideally placed in the state’s proposed Central West-Orana Renewable Energy Zone
A proposed 400 MW pumped hydro storage project is on track to become the first of its kind to be completed in Queensland in more three decades after industry giant GE Renewable Energy provided its backing for the project.
Soon 2020 will only be a worry to future high-school history students. But when they ask us if anything good at all happened in 2020, remember this review and tell them that solar PV shone in the darkness. Despite the mess of it all, 2020 has been another good year for Australian solar. The industry has demonstrated resilience, and significant progress has been made in the fields of energy storage, green hydrogen and others.
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