It’s been a miserable rainy week with loads of cloud cover here in Brisbane, Queensland. And you know what, the naysayers were right, sometimes the sun don’t shine. Or at least, doesn’t shine enough. This week, for the first time in months, I have had to use grid power to … [continued]
Mike Cannon-Brookes’ decision to purchase a major stake in AGL means that coal-fired generating plants in Australia may close sooner.
In an astounding turn of events, Atlassian Founder Mike Cannon-Brookes has teamed up with Canadian asset manager Brookfield to put in a bid for Australia’s most polluting power company. It was a case of “if you can’t beat them, buy them.” Green capital is trying to push out the old … [continued]
Norges Bank Investment Management, which manages Norway’s sovereign wealth fund, has made a powerful stance in favor of climate action.
Australian energy company AGL has announced plans to close the 2 gigawatt coal-fired Liddell Power Station and replace it with at least 1.6 gigawatts of renewable energy, battery storage, and demand response.
AGL Energy has continued to rubbish suggestions from members of the Coalition, as well as the Murdoch media and the ABC, that Australia should invest in new baseload generation, particularly in coal plants.
Just three months after Origin Energy stunned the renewables industry with a record low power off-take deal for the 530MW Stockyard Hill Wind Farm in Victoria, AGL Energy has delivered more of the same, securing an off-take price of below $60/MWh through the sale of its 453MW Coopers Gap Wind Farm, between Kingaroy and Dalby in Queensland’s south-east.
Battery storage is not just in the money, it is a long way into the money in states like South Australia, already with a high level of wind and solar and volatile wholesale electricity prices.
Australia’s largest integrated energy company, AGL Energy, says Australia’s transition away from a coal power dominated national grid to low-carbon generation will largely bypass “baseload” gas, and instead shift straight to large-scale wind and solar.
AGL Energy’s delivery of what would be the world’s largest virtual power plant – in South Australia – looks set to come in “well ahead of schedule,” after the utility announced on Thursday that it had already sold out its first round of 150 connected battery storage systems, with 350 second-phase battery systems now up for grabs.
