The rise and rise of rooftop solar PV has established Australia as a renewable energy powerhouse with new figures from the Clean Energy Regulator (CER) revealing the nation achieved a record in renewable capacity in 2020.
The rush to deliver energy storage solutions to support Australia’s electricity grid continues apace with Meridian Energy Australia receiving approval to install a 20 MW battery energy storage system (BESS) alongside the Hume Hydroelectric Power Station in regional New South Wales.
Chinese solar inverter giant Sungrow has taken the first step towards increasing its Australian market share in 2021 with the launch of its second generation three-phase residential inverters.
CEP.Energy has joined the race that stores the nation, the race, that is, for big battery supremacy. Joining giants like AGL, Origin Energy and Neoen, CEP.Energy has announced plans for a 1.2 GW megabattery in the Hunter region of New South Wales. The battery is one of four in a 2 GW battery storage portfolio planned throughout Australia.
Wood Mackenzie has called on policymakers to revise the Renewable Energy Target with more ambitious goals and, concordantly, large-scale investment in grid flexibility to ensure new renewables can join the grid. If we don’t act in this pivotal moment, WoodMac believes we will be left holding stranded assets.
Australia’s largest energy retailer, AGL Energy, has revealed a stunning $2.69 billion write-down to its asset value with plunging power prices taking a toll on its renewable energy operations.
Australia’s embrace of solar PV continues to scale new heights but industry consultancy SunWiz has issued a word of caution, suggesting “increasing headwinds in the industry” could curtail growth in 2021.
Victoria is set to welcome another large-scale solar farm to the grid with the 149 MWp DC Glenrowan West facility moving into the final phase of construction.
The Australian arm of South Korean solar technology giant Hanwha Q-Cells has extended its reach, launching into the New Zealand energy market.
New Zealand’s Climate Change Commission today released its long-anticipated advice to the government on how to reshape the economy to meet the country’s domestic and international climate change obligations. The document sets out three emissions budgets, covering 15 years to 2035 in five-yearly plans. It also provides advice on the direction policy should take to achieve the country’s 2050 net-zero goal.
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