Monthly Archives October 2019

AGL Big Battery Deal Heralds ‘Dawn of Battery Age’

National electricity retailer AGL has enlisted the help of four big batteries in what it claims is “the dawn of the battery age”. Although it could be argued that Australia is already in the “mid-morning of the battery age” — the dawn being Tesla’s 2017 Big Battery in SA — AGL’s decision is still significant. It indicates an appetite for renewable power by a major player that owns generators including the NSW Liddell coal-fired station. AGL has signed a 15-year contract with the Maoneng Group to build four large-scale batteries in NSW. These will provide 200MW/400MWh of on-call power to
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Bloomberg Global Finance Predicts Solar Power Future

A new report from BloombergNEF (BNEF) says by 2030, the cost of building wind and solar power plants will be cheaper than using existing coal and gas generators. The new energy finance consultancy says solar panels and wind turbines are already the most economical means of generation in California, China and parts of Europe. According to the report, two-thirds of the world’s population live where PV or wind are cheaper than coal and gas generators. The future also looks bright for solar in Australia. BNEF estimates recent lowest cost solar PV farms to reach an LCOE of $27-36/MWh, assuming competitive
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Labor’s Vision: Renewable Energy Creates Jobs and Growth

Federal Labor is backing a 50% renewables target, saying it will lead to “a new manufacturing boom”. ALP Leader Anthony Albanese’s vision for Labor is revealed in the draft of a speech to be given in Perth today. Labor has been debating its policy on renewable energy since its election defeat in May, where it took a 45% emissions reduction target to the polls. While Albanese’s speech maintains the difference between his party and the Morrison Government, Labor’s new vision is also about the positive impact renewables have on the economy Jobs and growth with clean energy Albanese is stressing
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AEMC Ruling a Game Changer for Renewable Energy Developers

The Australian Energy Market Commission (AEMC) has decided that developers of grid-scale wind and solar farms will have access to more information about other generators in the pipeline. At the moment, the amount of information available to renewable energy planners is limited. This makes finding investment for renewables difficult. That’s because without knowing what new plants are being developed, investors cannot make educated estimates about their likely returns. The AEMC ruling will allow access to information about proposed power output or plants under development, their location and time frame for construction. New generators and investment risks Right now, new generators
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Solar Power Leads Global Surge in Renewable Energy: IEA

Solar power is set to “take off” globally over the next five years and renewable energy will increase by 50%. The predictions, from the International Energy Agency (IEA), are the focus of its Renewables 2019 report released this week. It found that between 2019 and 2024 the world’s renewable power capacity will increase by 1,200 gigawatts. This is the current total power capacity of the United States. Solar power will account for 60% of this clean energy increase. Three challenges for clean energy Despite the IEA’s predictions, some countries may not get the full benefits of the new boom. The
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Australia Can Learn from Overseas Renewables Lessons

Australia should take a “staged approach” to removing coal power plants from the grid. That’s the recommendation of a new report from the Australian Energy Market Operator (AEMO). The report is in response to the growing amount of solar and wind in the electricity grid, which is challenging existing technologies and practices. Maintaining Power System Security with High Penetrations of Wind and Solar Generation examines renewables integration in overseas grids and the lessons Australia can learn. It warns that Australia has increasing wind and solar power, but our grid is not built to cope with change. Importance of frequency response
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Blue Mountains to Turn Green by 2025

One of Australia’s most beautiful natural areas is determined to be carbon neutral by 2025. The Blue Mountains, some 50km west of Sydney, was declared a World Heritage Area by UNESCO in 2000. Now, the Blue Mountains City Council has set a carbon neutral target of 2025. Earlier this year, the council became only the third in NSW to declare a Climate Change Emergency. Carbon emissions down in the Blue Mountains Blue Mountains Mayor Mark Greenhill said the council had already reduced the amount of carbon emissions from its operations by 22%. “Our Carbon Revolving Reserve has committed over $1.7
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