Developers to fund Riverina communities on back of 1.5 GW energy park
Energy generating and retailing giant AGL and joint venture partner Someva Renewables have committed to provide local councils and community organisations with “tens of millions” of dollars in funding if their proposed 1.5 GW Pottinger Energy Park planned for the New South Wales Riverina region proceeds.
HumeLink report casts shadow on Transgrid’s underground costings
Landowners in the path of the multi-billion-dollar HumeLink transmission project claim Transgrid is relying on flawed economics that favour overhead lines with a new report suggesting the network operator’s costings for putting the cables underground are out by almost 60%.
Transgrid does $100 million deal with ZTT to de-risk supply chain
Australia’s largest transmission network operator Transgrid has struck a deal with Chinese manufacturer ZTT International for the delivery of more than 17,500 kilometres of high-voltage conductors as it looks shore up supplies of key electrical equipment needed to deliver critical transmission projects.
Governments unite on $7.8 billion transmission investment
The federal and New South Wales governments have combined on a landmark $7.8 billion (USD 5.25 billion) investment to help finance the development of eight critical transmission and renewable energy zone projects as they look to accelerate Australia’s clean energy future.
Regulator approves costs for HumeLink early works
The Australian Energy Regulator has approved more than $300 million of funding to support early works on the HumeLink project which is expected to boost overall transmission capacity in New South Wales, paving the way for gigawatts of new wind, solar PV and storage projects.
Large-scale renewable investment may be trending up; rooftop PV surges on!
The Clean Energy Regulator has issued its second Quarterly Carbon Market Report for the year. Despite Covid and justified investor caution on big renewable projects, indicators from small- and large-scale energy certificate accounting show steady growth.
AEMC hands down final decision on cashflow rule change
The Australian Energy Market Commission has again rejected requests from transmission network operators TransGrid and ElectraNet to allow for a change of rules governing financing arrangements for large-scale transmission projects considered critical for Australia’s shift to 100% renewables.
Morrison-Berejiklian energy deal: Opportunity for renewables or climate deal with the devil?
An energy deal struck between the Morrison and Berejiklian governments that will see more than $2 billion invested to increase gas supply and reduce greenhouse gas emissions from the electricity sector has prompted a flurry of reactions that boil down to two conflicting interpretations of its purpose.
