Oceania

Renewables developer Neoen has released its 2020 results, announcing an 18% increase in revenue from 2019, a significant portion of which materialised from its Australian assets including the Hornsdale big battery.

The Australian Energy Regulator has released its Default Market Offer for 2021-2022, and it is another fall in electricity prices, especially if you live in South Australia, New South Wales or south-east Queensland. The regulator says one of the main factors driving the now continuous fall in electricity prices is the investment in renewables, in particular the estimated uptake of rooftop solar.

The West Australian Wholesale Energy Market (WEM) is in for a major shake-up with the State Government’s Energy Transformation Taskforce unveiling plans for a redesign which it said will fully integrate renewable energy – in all its guises – into the power system.

Smart metering services provider Intellihub has outlined a series of targeted reforms – including strengthening testing requirements – in its submission to the Australian Energy Market Commission’s (AEMC) review into the sector’s regulatory framework, cautioning that unless changes are made Australia risks being left behind.

Owners of property in strata-titled buildings in New South Wales will soon find it easier to make the switch to renewable energy with the State Government ushering in changes to laws in a bid to pave the way for easier installation of solar PV, renewable energy storage systems and electric vehicle (EV) charging stations.

Former leader of The Nations, Barnaby Joyce, has put forward an amendment to the Coalition’s legislation for the Clean Energy Finance Corporation (CEFC) which would allow the $10 billion “green bank” to invest in “high intensity, low emissions coal-fired power.”

The Australian Energy Market Operator’s second State of the System update, a sort of ‘Around-the-Grounds’ of the National Energy Market, has revealed that 2020 set new records for both number of new projects connected and new megawatts of generation.

Western Australian-based gold and nickel exploration company Province Resources has announced its intention to enter the renewable energy sector, floating plans to develop a 1 GW wind and solar PV green hydrogen production facility in the state’s north west.

Sydney-based domestic hydrogen electrolyser and storage system manufacturer LAVO has revealed it has signed a memorandum of understanding (MoU) to establish Australia’ s first hydrogen fuel cell production line in Springfield City, a private-sector CBD development in Queensland.

Indian multinational Sterling and Wilson Solar continues to build its presence in the Australian renewable energy market, announcing this week it has completed the takeover of Western Australian engineering, procurement and construction (EPC) firm GCO Solar.