Green investors eyeing up Australia following election results
The remarkable results of what is already being called a ‘historic’ 2022 federal election have put Australia “back on the map” in the eyes of big low-carbon investors.
Grid connection is key culprit as investor confidence wanes in Australia
Ongoing grid connection issues and concerns about Australia’s unpredictable regulatory and policy environment have been identified as the key culprits with a new report revealing investor confidence in the nation’s renewable energy sector has slumped to a five-year low.
Covid-19 weekly round-up: Biden’s $2tn green recovery program as Germany prepares to return to normality
Plus, even stay-at-home orders and plunging commercial energy demand failed to take the sting out of Australia’s solar duck curve and China’s GCL System counts the first-half cost of the public health crisis.
Covid-19 weekly briefing: Evidence abounds of renewable energy gains at the expense of fossil fuels as the clamor for a green recovery rises
Portugal set a new coal-free record because of the pandemic as Belgium and Israel moved to help the renewables industry. But there was grim news in Mexico and Turkey, and Bangladeshi clean energy firms have appealed for more assistance.
Covid-19 weekly briefing: Merchant solar developers could seek shelter in return to subsidies and PPAs are being revisited, but at least the Irish are coping with lockdown measures
The unfolding effects of the Covid-19 crisis, and fears of a possible second wave, have split analysts trying to guess how the unsubsidized renewables market will emerge as slumping demand continued to distort power markets. pv magazine rounds up the week’s coronavirus developments.
Australian state frees itself from federal shackles to unlock more grid capacity
The government of Victoria has decided to break from national electricity rules and introduce legislation to fast-track priority projects such as grid scale batteries and transmission upgrades, and make room for more large scale solar and wind. The announced reforms have prompted a flurry of reaction.
Labor plan to aggregate 4,000 schools into virtual power plants in $1 billion solar program
Australia’s federal Labor party has pledged to roll out PV generation and batteries at schools across the nation, and to create VPPs supporting up to 365 MW of capacity.
Australia on track for 50% renewables by 2024, at “zero net cost”
Clean energy is driving the country to its Paris commitments well ahead of schedule. The Australian National University published findings today that conclude Australia is on track to hit 50% renewable electricity in 2024 and 100% in 2032 – at a net cost “of approximately zero”. Despite the good news, the Clean Energy Council warned federal policy may see the opportunity squandered.
Over $11 billion in large scale PV under construction in Australia
The Clean Energy Council has tallied the numbers underlying Australia’s large scale renewables boom. And big PV is shattering all records, with almost AU$11.5 billion in projects currently being constructed.
Australian opposition unveils “clean energy powerhouse” policies for 2019 election campaign
Federal Labor leader Bill Shorten announced the party’s ‘all of the above’ plan for Australia’s energy sector. A ramped-up National Energy Guarantee, project auctions under a CfD structure, grid infrastructure investment, energy efficiency and a boost to battery storage all feature.
