As 2.1 GW of new capacity – mostly wind, solar and storage – has come online in the previous year, AEMO has sourced much less additional reserves than last year to manage potential high risk scenarios that typically occur in summer. Over the next two years, the market operator expects 6 GW of new wind and solar capacity to be connected to the grid, which will alleviate the short-term risk of involuntary load shedding during summer peak periods.
Australian developers Energy Estate and MirusWind have proposed a massive renewable energy hub in New South Wales. The project will combine wind and solar energy generation with pumped hydro storage and other storage options to provide up to 4 GW of new clean generation.
Companies keen to offset their carbon emissions will be able to purchase renewable energy certificates at Singapore’s first blockchain-powered marketplace, launched by electricity provider SP Group.
The New South Wales government is set to accelerate $2.5 billion worth of transmission projects in order to address grid bottlenecks and unlock low-cost, low-emission generation in new areas of the state. As part of its grid transformation plan, NSW will boost connections with its neighboring states and bring forward the Snowy Hydro scheme.
Bloomberg New Energy Finance has significantly increased its forecast for global deployment of behind-the-meter and grid-scale batteries from now to 2040. The research company sees Australia among nine markets that will be driving this trend, as the economic case for batteries becomes unstoppable.
Australia’s first community battery trial went live on Monday, after the 52 available spots had been snapped up by Mandurah households – three months ahead of schedule. The trial involves a bulk Tesla battery integrated into existing grid and owned and operated by Western Power and Synergy.
By 2021, solar will become one of the most dominant power sources over peak daytime periods, accounting for around a quarter of the National Electricity Market’s power, shows new analysis by Green Energy Markets. The report underlines that solar is currently reducing expensive demand peaks, and is not close to exceeding demand as certain media reports have suggested.
Origin Energy has won federal government funding for a feasibility assessment on plans to double the capacity of its Shoalhaven pumped hydro scheme in New South Wales and thus allow for greater storage of renewable energy.
The South Australian government has inaugurated its landmark $100 million Home Battery Scheme, which will subsidize the cost of buying a home energy storage system for up to 40,000 South Australian households. A nine-week priority period has been given to locally made battery systems, with Germany’s sonnen as the first provider to enjoy this benefit.
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