Australia

Energy Minister Angus Taylor has confirmed that Australia is on its way to hit nearly 50% renewables share by 2030, the target deemed economically suicidal by the Coalition during the last election. With no mention of the widely-reported massive drop in renewable energy investment, Taylor hailed 2019 as a new record year for renewables in Australia.

The Australian Energy Regulator (AER) has given its tick of approval to the proposed $1.53 billion electricity interconnector between Robertstown in South Australia and Wagga Wagga in New South Wales. The new transmission line holds the promise of reducing power bills in both states by unlocking gigawatts of planned renewable energy projects in its close proximity.

Australian and Japanese trade ministers met in Melbourne last week to sign a joint statement of cooperation. The agreement and collaboration between the two nations hopes to affirm Australia’s potential as a major exporter of hydrogen, with Japan as a key recipient.

Queensland’s Darling Downs region is set for its second large-scale solar project to gain grid connection in a matter of months as Risen Energy’s 100 MW Yarranlea Solar Farm connects to the grid for its staging procedures.

In recent decades Noosa has gone from hip-replacements to hip and trendy, and nowhere does it have its finger more on the pulse than its ambitious climate and energy goals. Said ambitions will now see Noosa host the Transforming Australia 2020 Summit run by the Cities Power Partnership.

The 25MW/52MWh battery at the Lake Bonney wind farm is in the final stages of testing and close to full commercial operation. Once operational, the big Tesla battery will supply the electric car maker’s Australia EV supercharger network with renewable electricity.

Behind Blackrock’s grand exit from coal: Global capital flight from thermal coal and the coal-fired power sector is already at a canter in 2020.

Australia’s utility-scale renewable energy sector is set for a record year with 3.6 GW of projects expected to complete commissioning in 2020, Rystad Energy finds. This comprises 1.96 GW in utility PV projects and 1.57 GW in wind developments, with the remaining 0.1 GW coming from batteries.

Investment in Australian renewable energy capacity fell 40% in 2019 down from record-breaking levels seen in the year before, according to Bloomberg New Energy Finance (BNEF). Spending on large-scale renewables dropped dramatically due to network woes and long-term policy uncertainty but was ameliorated by the rooftop solar segment’s record growth.

The Australian government has opened the Critical Minerals Facilitation Office as it looks to develop a large-scale critical mineral industry to stably supply the world the critical minerals needed for batteries, solar panels, and smartphones.