Sustainability

The Federal Energy Minister insists the Australian Energy Market Operator’s market intervention demonstrates that it is “more important than ever to manage the transition and get more energy into the system and more storage and transmission”.

The Tasmanian government is calling for registrations of interest from developers of new large-scale renewable generators and energy storage projects, and existing and proposed energy intensive load projects to participate in shaping the state’s first renewable energy zone.

As Australia battles an energy crisis, the United Nations secretary general has called for increased investment in renewables, saying it is the only “true path to energy security”, warning new funding from governments for fossil fuel exploration or production is simply “delusional”.

As Australia’s energy crisis deepens with Queensland and NSW again cautioned over potential blackouts in the coming hours, director of the Victoria Energy Policy Centre, Bruce Mountain, told pv magazine Australia commentators have underplayed the extent to which energy generators have exacerbated the emergency. Government intervening to take charge of the energy market is, for him, the most likely outcome as generators withholding capacity increasingly threatens to cause massive losses in state economies.

Australian federal and state governments have agreed to a suite of reforms designed to tackle soaring energy prices, including creating a national transition plan to phase out fossil fuels, financing projects to boost the nation’s electricity grid, and progressing designs for a new capacity mechanism.

Penfolds owner Treasure Wine Estates will install more than 9,500 solar panels across its Barossa and Karadoc wineries as the company seeks to become 100% renewable by 2024. To achieve that goal the company says it is preparing to install 29,000 solar panels across its vineyards worldwide, while also purchasing offsite renewables.

About 1 million New South Wales households will be able to apply for an upfront payment of almost $3,000 to put towards a solar system or energy-saving upgrades to home appliances as part of a new state government program designed to reduce energy bills as power prices soar.

The International Renewable Energy Agency’s latest annual report on the progress towards the United Nation’s sustainable development goal seven estimates 670 million people will still lack electricity in 2030, and more than 2 billion will be reliant on unhealthy, polluting cooking methods.

A coalition of peak bodies has called on Australia’s energy ministers to work together to accelerate the transition to renewable energy and resist the temptation to focus only on short-term solutions when they meet today to discuss the “apocalyptic rises in energy prices” impacting Australian energy markets.

The Australian Capital Territory’s switch to 100% renewable electricity is providing electricity users in the nation’s capital with protection from skyrocketing energy costs as consumers in other parts of the nation grapple with rising energy bills.