Tag: australia

Australia reviews grid planning: AEMC’s recommendations to foster investment 

Australia reviews grid planning: AEMC’s recommendations to foster investment 

August 8, 2022 |

Australia is moving apace to meet its net zero target by 2050. The country’s policymakers and regulators are extensively reviewing the existing regulatory framework to make sure it is flexible enough to support the ongoing energy transition. Since transmission is an important enabler in this process, the Australian Energy Market Commission (AEMC) recently published its recommendations in its draft report on ‘Transmission Planning and Investment Review (Stage 2).’

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Climate Action in Australian Transport Sector: Report

Climate Action in Australian Transport Sector: Report

July 28, 2022 | ,

It is a call to action that demonstrates how the transport sector can deliver more sustainable outcomes through innovation, ideation and collaboration. It sets out a series of proposed actions for government and industry that support a focus on place, drive emissions reduction, support investment in renewables and smart technologies, and promote engagement and collaboration across the transport asset lifecycle. 

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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.

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wpd and Australis to develop 1.4 GW offshore projects in Australia

wpd and Australis to develop 1.4 GW offshore projects in Australia

July 4, 2022 | , ,

wpd offshore Australia Holding, part of Germany’s wpd Group has signed a joint venture (JV) with Australis Energy to construct three offshore wind energy projects off the coast of Australia. The three offshore wind projects will be constructed in the coastal waters of Victoria, South Australia, and Western Australia, and will have a combined capacity of 1.4 GW.

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German Green Hydrogen Action Plan: Whitepaper

German Green Hydrogen Action Plan: Whitepaper

June 30, 2022 | , , ,

A recent White Paper found that industrial demand centres in Germany and the EU are ready to offtake five million tonnes of green hydrogen per year at present, with an addressable market of up to 27 million tonnes annually in the long term. In May (2022), the European Commission unveiled its REPowerEU plan which had ambitions of producing 10 million tonnes of renewable hydrogen annually, while importing a further 10 million tonnes.

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bp acquires 40.5 per cent stake from AREH in Australia

bp acquires 40.5 per cent stake from AREH in Australia

June 22, 2022 | , , ,

The Asian Renewable Energy Hub (AREH) has reached an agreement with bp to sell a 40.5 per cent stake in the large renewables and green hydrogen hub. AREH intends to gradually expand the production of onshore wind and solar energy in the Pilbara region of West Australia, and achieve an overall capacity of 26 GW of solar and wind energy. This project will provide energy exports to countries like Japan and South Korea in order to serve the domestic Australian market.

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Rio Tinto to develop 4 GW of solar and wind projects in Australia

Rio Tinto to develop 4 GW of solar and wind projects in Australia

June 10, 2022 | , , ,

Rio Tinto Group, an Anglo-Australian mining company, has issued a request for proposal (RFP) to develop 4 GW of utility-scale wind and solar power projects for its aluminium projects in central and southern Queensland, bordering south Australia. The large-scale renewable projects would assist the company in achieving its climate change targets, which are aligned with the Paris Accord.

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ZEVs by 2030 in Australia: Report

ZEVs by 2030 in Australia: Report

June 9, 2022 | , , ,

Shifting from private passenger vehicle use to zero emissions public transport will help curb Australia’s rising transport emissions. When considering other factors, such as population growth – particularly in urban areas – and the significant non-CO2 pollutant emissions associated with traditional diesel buses, it is clear that electrification of buses should be a central pillar of any transport decarbonisation strategy.

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Cbus acquires 2.2 GW offshore wind facility in Australia

Cbus acquires 2.2 GW offshore wind facility in Australia

June 3, 2022 | , ,

Cbus Super, an Australian superannuation fund, has acquired a 10 per cent stake in Copenhagen Infrastructure Partners’ (CIP) 2.2 GW Star of the South offshore wind project. This follows Cbus’ investment in CIP’s flagship fund, CI IV, which owns the majority stake in Star of the South. No financial details of the deal have been disclosed. Star of the South will be constructed off the coast of Victoria’s Gippsland.

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What Does a New Federal Government Mean for the Australian Renewables Industry?

What Does a New Federal Government Mean for the Australian Renewables Industry?

May 25, 2022 |

The Australian federal election was held on 21 May 2022. The Labor Party, led by Anthony Albanese, defeated the Liberal-National Coalition, led by Scott Morrison. Without a carbon market, federal and state governments have since sought to incentivise renewables through subsidies and the establishment of several green funds and schemes. The new Labor government plans to continue this approach.

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Clean Energy Australia Report 2022

Clean Energy Australia Report 2022

April 28, 2022 | , ,

The Australian renewable energy industry accounted for 32.5 per cent of Australia’s total electricity generation in 2021, which represented an increase of almost 5 percentage points compared to 2020. This growth was again led by small-scale solar, which added 3.3 GW of new capacity during the year to record its fifth-straight record-breaking year.

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Osaka Gas and Aqua Aerem partner for a 10 GW hydrogen plant in Australia

Osaka Gas and Aqua Aerem partner for a 10 GW hydrogen plant in Australia

April 18, 2022 |

Osaka Gas, based in Japan, has entered into an agreement with Aqua Aerem, a technology provider, to develop the 10 GW Desert Bloom Hydrogen project in Northern Australia, which will cost $10.75 billion. The green hydrogen project is being promoted by Aqua Aerem. The first stage of the Desert Bloom project will cost $743 million and produce 1,000 kg of green hydrogen per day.

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IEEFA’s Report: State of Virtual Power Plants in Australia

IEEFA’s Report: State of Virtual Power Plants in Australia

March 22, 2022 | ,

A Virtual Power Plant (VPP) is the aggregation of supply and/or demand response from Distributed Energy Resources (DER) such as batteries and smart appliances to participate in one or more markets. VPPs have been lauded as a major part of the future energy mix in the Australian National Electricity Market (NEM). When the Australian Energy Market Operator (AEMO) announced its VPP demonstrations project in 2019, AEMO predicted there could be 700MW of VPPs by 2022.

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AGL secures planning approval for 500MW/2GWh battery project

AGL secures planning approval for 500MW/2GWh battery project

March 21, 2022 |

Australian energy utility, AGL, has received approval to build a 500 MW battery, with up to four hours of storage. The proposal has been approved by the state Department of Planning and Environment. The grid-scale lithium-ion battery energy storage system will be based at the site of the soon-to-be-closed Liddell power plant near Muswellbrook in the Hunter Valley.

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India and Australia partner on clean energy technologies

India and Australia partner on clean energy technologies

February 16, 2022 |

The 4th India-Australia Energy Dialogue was conducted on February 15, 2022, during which a letter of intent on new and renewable energy technology was signed between India and Australia. According to the government’s statement, this letter of intent will pave the path for lowering the cost of innovative and renewable energy technology and scaling up deployment to reduce global emissions faster.

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Australian Energy Market Update

Australian Energy Market Update

February 1, 2022 | ,

Whilst Australia was in lockdown for much of 2021, transactions in the clean energy sector continued across all fields: solar, wind, batteries, pumped hydro and hydrogen, with total transacted in excess of $7bn. However, these volumes were subdued in comparison with 2020, which had 32% more transactions than 2021.

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