Oceania

Wood MacKenzie’s energy transition modelling is predicting a primacy in the future low-carbon hydrogen economy for Australia. Thanks to the country’s solar irradiance and renewable energy expertise, as well as its relative proximity to major off-taker markets, Australia could be looking at export revenues of up to US$90 billion by 2050.

The Australian Energy Market Operator’s latest analysis of the Western Australian Wholesale Energy Market has found that investment in renewable generation and distributed solar is accelerating at a rapid pace, and importantly, that that acceleration is within the control of the state’s energy transition strategies.

In the world of renewable energy, the past carries charge. It can be an anchor, a learning curve, a hurdle. In Bundaberg, it’s quite literally the fuel for the future. And that green future is being energised by an unusual crew: its local government.

Australia’s determination to establish itself as a major player in the green hydrogen market has seen a flood of government funding and announced projects in recent months but new analysis from international consultancy firm Rystad Energy has highlighted a potential hurdle for the industry.

Australia’s coal-fired power generators are again in the spotlight with the Victorian government declaring a state “energy emergency” as damage caused by recent flooding in the Latrobe Valley threatens the ongoing viability of the 1.48 GW Yallourn power station.

The New South Wales government will allocate $380 million in next week’s budget to help fuel investment in large-scale renewable energy as it continues its transition away from coal-fired generators.

Saudi-owned renewable energy developer Fotowatio Renewable Ventures continues to build upon its Australian portfolio, commencing construction on a 5 MW solar-storage hybrid power plant near Dalby in southern Queensland.

Aldi Australia committed to reaching 100% renewable energy for its operations by the end of 2021, it’s done that with six months to spare. Achieved through an unprecedented commercial solar rollout, PPAs with two wind farms, and renewable energy certificates, the German discount supermarket beat out its competitors and is now preventing 274,000 tonnes of CO2 emissions annually.

Andrew Horvath, Global Chairman of hydrogen technology company Star Scientific, has been selected by the global Sustainable Energy Council to be one of the eight leaders on its World Hydrogen Advisory Board. “I’m the only Aussie!” Horvath told pv magazine Australia.

Over 1000 kW of solar capacity is being installed atop 59 Western Australian train and bus stations, with work already completed at a number of the sites.