Category: Mega Trends & Analysis Australia

Role of BESS in Achieving 82% Renewables in Australia by 2030

Role of BESS in Achieving 82% Renewables in Australia by 2030

December 19, 2024 | , ,

This extract is from a recent report by Climate Energy Finance. The report highlights the rapid progress in Australia’s electricity sector transition, emphasising that the nation is on track to achieve its ambitious target of 82% renewable energy by 2030. It underscores the pivotal role of sustained investment, strong policy support, and streamlined planning, evaluation, and approval processes. In particular, it highlights the growing importance of Battery Energy Storage Systems (BESS) in ensuring grid stability and supporting the integration of renewable energy into the electricity network.

Read More
Developing Australia’s Solar PV Supply Chain 

Developing Australia’s Solar PV Supply Chain 

February 12, 2024 | , ,

Developing an economically viable, relevant, and timely solar PV manufacturing supply chain in Australia will require a comprehensive policy strategy. First and foremost, there are critical enabling requirements which need to be addressed to create an attractive investment environment and provide investment certainty during the project development phase. Any financial support provided must ensure appropriate policy design and selection/eligibility criteria to align with broader government objectives.

Read More
Hydrogen in Australia – The States of Play

Hydrogen in Australia – The States of Play

July 13, 2022 | , ,

Australia does not have any federal laws in place that deal directly with hydrogen. There are existing funding mechanisms in place, as well as new announcements from the Labor government aimed at encouraging renewables development. The federal government has also taken the lead in trying to achieve harmonisation across the states in the regulation of hydrogen. This Legal Update provides a brief overview of the existing and planned legislation for hydrogen in Australia’s six states and two territories.

Read More