Australia is expected to be the world’s largest residential energy storage market in 2019, according to a short note published this week by Bloomberg New Energy Finance, accounting for 30% of global demand as household storage demand triples.
The Victorian Labor Party announced on Thursday that, if re-elected in the upcoming State election, it would increase the state’s Renewable Energy Target to 50% by 2030 in a move intended to create thousands of jobs, increase renewable energy in the state grid, increase investment, and drive down energy prices.
New research from the Alternative Technology Association has showed that Australia could transition to a fully renewable energy electricity grid by 2030, which would be cheaper and less risky than building new coal-fired power stations.
Australian energy market experts have delivered a scathing appraisal of the Turnbull government’s National Energy Guarantee, describing it variously as a “pea and thimble trick”, a potentially “terrible outcome” for the renewable energy industry, and as a further extension of the Coalition’s faction-driven energy policy farce.
The Australian Department of Defence has made it first major push into solar energy, calling a tender for solar power system to be installed at its Satellite Communications Station (ADSCS) at Kojarena, near Geraldton, in Western Australia.
The newly listed Australian renewable energy developer Windlab has secured a landmark power purchase agreement (PPA) for what will be the country’s first grid-connected large scale hybrid project combining wind, solar and battery storage.
Australian rooftop solar installations reached 92MW in March – as we noted on Friday – but the really interesting piece of data was the fact that it was the highest ever total for the March quarter
The cost of developing large-scale solar farms in Australia will fall to as low as $70-75/MWh for projects starting construction in 2018, the chief financial officer of the Australian Renewable Energy Agency says.
Australia’s Clean Energy Council has argued convincingly against legislation intended to cut future renewable energy grant funding from the Australian Renewable Energy Agency. “Legislation to be introduced to Parliament this week includes a $1 billion cut to ARENA’s grants funding, and puts everything that it has achieved at risk,” said Clean … [continued]
The Australian Government has established a $1 billion clean energy innovation fund, but has stripped its renewable energy agency’s funding in the process. Last week, Australian Prime Minister Malcolm Turnbull announced the creation of a $1 billion Clean Energy Innovation Fund that is intended to support emerging renewable energy technologies … [continued]
