The Australian Renewable Energy Agency (ARENA) today released its new Investment Plan, prioritising three key areas in an effort to increase the prevalence of renewable energies in Australia.
A new report from the Clean Energy Council (CEC) shows investment in renewable energies is slowing down to levels not seen since the prime ministership of Tony Abbott as a result of policy uncertainty and mounting regulatory challenges.
On August 9, a thunderstorm caused 1.5 GW of generation capacity to go offline within seconds in the U.K. The incident caused millions of households to temporarily lose power but the situation could have been considerably worse if not for the country’s battery storage reserves.
The Australian Renewable Energy Agency (ARENA) has today announced funding to United Energy, a Victorian distribution business, in order to trial a voltage-reduction demand response in an effort to deliver grid stability over the Australian summer.
Distributed energy producer EDL has taken a top gong at the 2019 Asia Power Awards in the Environmental Upgrade of the Year category, recognition for the success of its Coober Pedy Hybrid Renewable Project.
The Queensland government has pledged to support Genex’s project at Kidston with up to $132 million. The funding will be used to build a single circuit transmission line and connect a massive pumped hydro project with the main grid, unlocking additional stages for the clean energy hub, including up to 270 MW of additional solar and up to 150 MW of wind.
The Clean Energy Regulator has confirmed it has approved enough capacity to meet the Large-scale Renewable Energy Target (LRET). While this is a great achievement for the renewables industry, the question remains what comes beyond 2020. Although analysts expect a slow down, ANU researchers find the record installation rates will see Australia surpass the scrapped target of 41,000 GWh of renewable energy generation around the end of 2020.
The New South Wales (NSW) Government has declared TransGrid’s proposed 900km interconnector from South Australia (SA) to NSW to be a project of Critical State Significant Infrastructure (CSSI). This signifies a strong boost to the dearth of transmission infrastructure revealed by the rapid growth of renewables, particularly solar PV.
The Australian Energy Market Operator (AEMO) has today released its 2019 Electricity Statement of Opportunities (ESOO), a forecast of the supply and demand conditions across the National Electricity Market (NEM) as the country moves toward the 2019-20 summer. AEMO warned that a dearth of short and longer-term investment in dispatchable resources and transmission will ensure real-world impacts this summer.
Two reports have described how the world’s largest renewable energy market is moving towards maturity. According to the Brookings Institution, the Chinese clean energy market could become more open to Western investors and tech. A report by Fitch claims projects are moving back to inland provinces from coastal regions.
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