The share of renewables in the global energy mix must more than double by 2030 for the world to advance the energy transition and achieve sustainable development goals, according to the International Renewable Energy Agency. Renewable electricity should supply 57% of global power by the end of the decade, up from 26% today.
The Australian peer-to-peer energy-trading pioneer has purchased a 250 kW solar system that will use its new energy data management and settlement system to provide greater visibility on renewable energy sold to consumers under power purchase agreements.
Evergen, a solar and battery optimization specialist, and battery supplier Solar Service Group have joined forces to connect thousands of residential batteries across Australia. By delivering significant benefits to consumers, the joint venture hopes to boost the uptake of home batteries across the nation.
As solar and wind power enter the post-subsidy era, the next few years will be critical for China’s energy transition with investors learning to navigate the uncertainties of market reforms. With the 14th five-year plan – touted as a watershed in China’s energy system development – in the works, a report has recommended clear targets for 2021-2025 in terms of solar and wind power deployment and a reduction of coal consumption.
Japanese utility Kansai Electric Power has extended a demonstration project with Australian P2P energy pioneer Power Ledger to track renewable energy certificates and trade PV-generated electricity.
The Australian state of Tasmania has approached international investors to present its unique potential for the production of hydrogen from renewable sources, as it aims to position itself at the forefront of the nation’s green hydrogen push.
The transformation of South Australia’s energy system has taken another step forward with early site works at a green hydrogen facility near Adelaide. The plant will integrate what is billed as Australia’s biggest electrolyzer of its kind.
Adelaide-based storage specialist 1414 Degrees has announced plans to acquire SolarReserve Australia II, which owns the Aurora Solar Energy Project in South Australia and two other PV projects in the state of New South Wales. The company wants to use the Aurora site to build a massive 400 MW solar farm with several thousand megawatt-hours of thermal storage capacity.
Ofgem passed its long-awaited, controversial plan for network charges last week, despite earlier warnings against the move. The UK electricity market regulator’s Targeted Charging Review has provoked a backlash in the renewables sector, as many believe that the plan will damage the economics of distributed energy resources and unsubsidized onshore wind and solar development.
A new survey by the Melbourne-based Clean Energy Council shows that confidence in new clean energy investment has continued to weaken over the past six months. While a majority of Australian industry representatives expect to hire more people over the next 12 months, the biggest challenges to developing new projects remain unchanged, with the grid connection process, technical requirements, and policy uncertainty at the top of their list of concerns.
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