Australia headquartered beverage company Coca-Cola Amatil announced that it has joined the global RE100 renewable energy initiative with a target to power its entire operations across six countries through renewables by 2030. Further, it has targeted to achieve 100% renewable energy powered operations by 2025 in Australia and New Zealand.
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Both domestic and foreign investors point to a slightly more favourable outlook for state versus federal policy, APAC-based investors in particular (96%). European investors are the notable exception with 66% expecting state policies to be supportive versus 81% for federal policies. Australia-based investors are marginally less positive about government support than they were in the previous survey with 91% anticipating supportive policies from state government and 85% from federal government, versus 90% overall (federal and state) in the 2019 study.
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The Finniss Lithium Project has completed its first product test work and has confirmed that it is producing “battery-grade” lithium hydroxide monohydrate. The Australian Nuclear Science and Technology Organisation carried out tests from a sample of its product and successfully extracted over 95 per cent of lithium on two-kilogram samples of blended concentrate in two separate tests.
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Singapore-based manufacturer, Sun Cable has applied with the Development Consent Authority of Australia’s Northern Territory to build a facility that will manufacture Maverick solar array systems, designed by 5B. Sun Cable plans to build the manufacturing facility in East Arm Business Park in Darwin, which is close to the city’s port. Sun Cable reports that the construction of the project will begin immediately after financial close in October 2023, with commercial operations to begin in 2027.
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The Queensland state government has proposed installing five large-scale, network-connected batteries as part of a community battery trial. The batteries will have a cumulative capacity of 40 MWh and will be installed at substations in Townsville, Yeppoon, Bundaberg, Hervey Bay, and Toowoomba. Energy Queensland-owned sites have been identified for this trial where there is high penetration of solar on the network and deployment can occur as quickly and efficiently as possible.
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Energy Australia has announced that it will close the Yallourn power station in Victoria’s Latrobe Valley in mid-2028, four years ahead of schedule, and build a 350 MW battery instead. The 1,480 MW brown coal-fired plant currently produces about 22 per cent of Victoria’s electricity and is the oldest power station in the state. With the shutting down of the Yallourn power station reduce, Energy Australia’s carbon dioxide emissions are expected to fall by over 60 per cent.
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The South Australia government has approved the planning of a wind, solar and batter storage project with a budget of $3 billion, called the Goyder South project. The project is being developed by Neoen, and will consist of 1,200MW of wind power capacity, 600MW of solar power capacity, and up to 900MW/1,800MWh of battery storage capacity. The Goyder South project will be located near Burra in Southern Australia.
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Neoen, a renewable energy developer, has financially closed on the Victoria Big Battery project, an energy storage project with a capacity of 300 MW/450 MWh. While the Clean Energy Finance Corporation, on behalf of the Australian Government will provide debt financing of 160 million Australian dollar, Neoen will also hold equity. The battery storage facility will be located near Geelong, in Victoria.
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Australian Gas Infrastructure Group (AGIG) with its partners has submitted two proposals to the Australian Renewable Energy Agency (ARENA) for green hydrogen projects in Victoria and Western Australia. These projects were selected by ARENA along with five other projects after expressions of interest in May 2020 as part of the $70 million Renewable Hydrogen Deployment Funding Round.
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Real Energy’s hydrogen division Pure Hydrogen has signed a binding agreement with Liberty Hydrogen to establish a joint venture company that will develop four large-scale hydrogen projects in Australia. These large-scale hydrogen manufacturing and distribution hubs are planned to be developed on Australia’s East Coat – Project Jupiter (Gladstone) and Project Mars (Mackay) in Queensland, Liberty North (Newcastle) in New South Wales and Liberty South (South East Victoria) in Victoria.
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Origin Energy Limited, a leading Australian integrated energy company, has issued an Expression of Interest to select a suitably qualified firm to supply and install a large-scale battery at Eraring Power Station in New South Wales. This battery would have an overall capacity of up to 700 MW and a dispatch duration of 4 hours.
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Australia-based investment manager AMP Capital and Sterlite Power, a power transmission infrastructure developer in India will invest $150 million each to develop four transmission projects in the country; and also bring in debt financing with a total capital outlay of about $1 billion. The transmission projects will help in the evacuation of power from renewable energy projects.
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Doosan GridTech will provide engineering, procurement, and construction (EPC) support to Vena Energy-Australia to build an energy storage system in Queensland. This battery energy storage system (BESS) will support the state’s shift to renewable energy as well as contribute to improving grid stability. The BESS will be located near Wandoan with an installed capacity of 100 MW and will supply 150 MWh.
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Precinct Capital and Edify have proposed a 28 MW battery storage project in New South Wales. The project is set to occupy 1.5 acres in the Mayfield Steel River Industrial Estate in the City of Newcastle. The battery will charge and discharge directly from the grid and is expected to improve stability as renewable energy use is increased. Further, the storage system will occupy 2500 square metres and will include supporting infrastructures such as climate-controlled energy storage enclosures and grid connection.
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Yadlamalka Energy Trust has developed an innovative solar power integrated energy storage project using vanadium flow battery (VFB). It is expected to be one of the largest solar-powered VFB projects and will come online in 2021 at Yadlamalka, South Australia.
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GE Renewable Energy and BE Power have partnered to co-develop the 400 MW Big-T pumped hydro storage project in Toowoomba in Queensland, Australia. As per the agreement, the two parties along with their partners will optimize and finalize the design of the plant and help the project secure financing to reach commercial operations.
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Driven by technological advances, facilities are being built with storage systems that can hold enough renewable energy to power hundreds of thousands of homes. The advent of “big battery” technology addresses a key challenge for green energy — the intermittency of wind and solar.
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As Australia works towards its goal to reach net zero emissions by 2050, the Climate Change National Framework for Adaptation and Mitigation) Bill 2020 comes at a crucial time to aid the cause. IEEFA comments on components of the Climate Change Bill 2020, and provides more detail on the increasing pressure being brought to bear by globally significant financial institutions as well as Australia’s major trading partners.
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Vena Energy-Australia has selected Doosan GridTech as its engineering, procurement, and construction partner to build Queensland’s largest grid-scale energy storage system. The battery energy storage system (BESS) is expected to play a major role in improving grid stability and supporting the state’s shift to renewable energy.
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Japanese industry giant Kawasaki Heavy Industries has signed an MoU with Fortescue Metals Group and Iwatani Corporation for investigation of a business model for the supply of liquefied hydrogen from renewable energy. As part of this MoU, the three companies will assess the establishment of integrated liquefied green hydrogen supply chains.
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