New reports and modelling has led TasNetworks to further push its largest of four possible Marinus Link versions. The largest, a 1,500 MW interconnector between Tasmania and the Australian mainland, is being shown to provide benefits across the entire NEM through grid stability and downward pressure on wholesale electricity prices. But there is still some discussion about who should pay for it.
The Queensland government has today announced $22 million for detailed design and cost analysis for a new pumped hydro facility at Borumba Dam, west of the Sunshine Coast.
For the first time in almost four decades a pumped hydro energy storage plant is set to begin construction with the financial close of Genex Power’s Kidston Clean Energy Hub.
Hydrogen is the word on everyone’s lips as the Federal Government champions hubs of no particular colour. Seasoned clean players such as Energy Estate are identifying greenfield opportunities for renewable energy and industry to meet.
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.
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