Energy giant’s $2.06 billion loss labelled a ‘Titanic’ failure
Australia’s largest energy retailer AGL has blamed an “extremely challenging market” prompted in part by the ongoing penetration of renewables, including rooftop solar PV, after reporting a $2.06 billion full-year net loss.
Australia’s biggest solar farm opts for AI-powered bidding platform
The operators of Australia’s largest solar farm have turned to a software-based bidding solution as they seek to optimise dispatch and manage the facility’s market trading and power purchase commitments amid increasingly market volatility.
Pumped hydro and solar projects progress Queensland’s energy transition
Queensland’s transition to a renewable energy future is set to progress with the state government calling for tenders for the proposed 1 GW Borumba Dam pumped hydro energy storage project while work on a nearby 176 MW solar farm has also reached a new milestone.
CSIRO looks to space to test next gen solar cell technology
The CSIRO is pushing the limits of flexible solar PV cells, partnering with Australian start-up Space Machines Company to test the technology in space.
Chasing the sun — tax-free!
The Australian Energy Market Commission (AEMC) has made final a rule that will allow for solar export tariffs to be gradually introduced in the NEM jurisdictions (that is, everywhere except WA and the NT) under limited circumstances in four years’ time.
New rules revealed as AEMC aims to transform network into ‘two-way super-highway’
The Australian Energy Market Commission has retained a controversial two-way pricing mechanism in its finalised reforms package which has been designed to better integrate distributed energy resources, such as rooftop solar PV, batteries and electric vehicles into the grid, and transform it into a “two-way super-highway where energy flows in both directions”.
bp study confirms Australia’s green hydrogen export potential, and calls for carbon price
A bp Australia study partially supported by the Australian Renewable Energy Agency has confirmed the technical feasibility of large-scale renewable hydrogen and ammonia production for export in Australia, particularly in Western Australia’s Mid-West. However, the development of such an industry, says bp, requires strong government policy support, including a carbon price or emissions cap.
NSW’s largest electricity user plans to go green, abandoning AGL’s coal
One of the country’s most electricity-intensive smelters plans to switch to renewable energy, a move which would drastically reduce its footprint and will send a clear message to generators that even if the federal government continues to support coal, Australia doesn’t.
Labor to disallow Taylor’s ARENA rout despite last week’s defeat
The ARENA saga continues, with shadow minister Chris Bowen confirming the Labor party will disallow Angus Taylor’s attempt to gut the Australian Renewable Energy Agency.
Two new solar farms commissioned in NSW Riverina
Photon Energy’s Leeton and Fivebough Solar Plants have been commissioned after just under a year of construction. The two plants’ 14.6 MWp combined output is a positive sign for the Riverina region with its strategic importance to the renewable energy transition, and an achievement for Amsterdam-based Photon Energy.
