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News and analysis for the clean energy economy
Updated: 27 min 40 sec ago

The new year will be all about grid firming as Australia rejoins race to renewables

Wed, 2022-12-21 13:32

We leave 2022 with a new policy clarity and momentum in the shift to renewables. The vital role of energy firming – including from batteries on wheels – is the next frontier.

The post The new year will be all about grid firming as Australia rejoins race to renewables appeared first on RenewEconomy.

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Solar Insiders Podcast: Little solar’s very big year

Wed, 2022-12-21 13:11

solar panelThe rooftop solar market has rebounded, and taken a bigger bite out of the coal market. But does it need to be controlled by such a big hammer?

The post Solar Insiders Podcast: Little solar’s very big year appeared first on RenewEconomy.

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Solar capacity soars in EU as PV offers lifeline from energy crisis

Wed, 2022-12-21 12:28

New data shows the EU installed 41.4GW of new solar capacity in 2022, up 47% from the 28.1GW installed in 2021.

The post Solar capacity soars in EU as PV offers lifeline from energy crisis appeared first on RenewEconomy.

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Small but nimble solar and battery projects continue roll out in South Australia

Wed, 2022-12-21 12:27

The latest in a series of solar projects with 5MW of PV and two-hours of battery storage has been commissioned in Murray Bridge in South Australia.

The post Small but nimble solar and battery projects continue roll out in South Australia appeared first on RenewEconomy.

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Rooftop solar is eating coal and gas markets in every mainland state

Wed, 2022-12-21 11:52

rooftop solar western australiaRooftop solar has caused record lows for every mainland state in the last two months as it eats into the coal and gas markets.

The post Rooftop solar is eating coal and gas markets in every mainland state appeared first on RenewEconomy.

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Australian fund managers snap up 49 pct stake in Australia’s biggest wind farm

Wed, 2022-12-21 11:33

Asset managers to buy 49% stake in Australia's largest wind farm from global turbine giant Goldwind.

The post Australian fund managers snap up 49 pct stake in Australia’s biggest wind farm appeared first on RenewEconomy.

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NSW and federal Labor tip another $7.8bn to plug in Snowy 2.0 and boost renewables

Wed, 2022-12-21 10:40

transmission towersFederal Labor and NSW Coalition join forces to fund eight critical electricity transmission and REZ projects, including new lines to "plug Snowy 2.0 into the grid."

The post NSW and federal Labor tip another $7.8bn to plug in Snowy 2.0 and boost renewables appeared first on RenewEconomy.

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Origin gives Brookfield and EIG more time to consider $18bn bid and gas price cap

Wed, 2022-12-21 10:21

Origin gives bidders Brookfield and EIG more time as they weigh the implications of the federal government’s move to control domestic gas prices.

The post Origin gives Brookfield and EIG more time to consider $18bn bid and gas price cap appeared first on RenewEconomy.

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The five big energy events of 2022, and what they mean for wind, solar, EVs and batteries

Wed, 2022-12-21 08:48

There is going to be a large step up in demand for wind, solar, and EV batteries over the next decade. But trade barriers emerge as a problem.

The post The five big energy events of 2022, and what they mean for wind, solar, EVs and batteries appeared first on RenewEconomy.

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Spinning machines versus grid forming inverters: The search for control in 100 pct renewables

Wed, 2022-12-21 08:23

Competition between spinning machines and grid forming batteries to replace retiring coal generators will be one of the landmark themes of the switch to renewables.

The post Spinning machines versus grid forming inverters: The search for control in 100 pct renewables appeared first on RenewEconomy.

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Energy Insiders Podcast: Chris Bowen on gas, batteries, EVs, wind and targets

Tue, 2022-12-20 14:34

Labor climate change and energy spokesperson Chris Bowen. (AAP Image/Mick Tsikas).Federal Energy and Climate Minister Chris Bowen discusses the stream of new announcements in the last month, and what’s in store for 2023.

The post Energy Insiders Podcast: Chris Bowen on gas, batteries, EVs, wind and targets appeared first on RenewEconomy.

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Chris Bowen: Gas is neither a transition fuel, nor low emissions. But at least it’s flexible

Tue, 2022-12-20 14:17

Chris Bowen dismisses gas as transition fuel, says focus is on batteries and pumped hydro. And he discusses major new legislation on capacity, EVs, safeguards and climate targets.

The post Chris Bowen: Gas is neither a transition fuel, nor low emissions. But at least it’s flexible appeared first on RenewEconomy.

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Rooftop solar takes biggest bite yet out of brown coal’s Christmas lunch

Tue, 2022-12-20 13:55

Victoria's grid has recorded a new operational demand low thanks to solar power generated on rooftops.

The post Rooftop solar takes biggest bite yet out of brown coal’s Christmas lunch appeared first on RenewEconomy.

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Bowen takes first step to put environment back into energy market rules

Tue, 2022-12-20 12:10

gas-flaring-methane-emissions-nature-EditThe Albanese government launches consultation on putting emissions reductions into the objectives of the national energy laws, a long-overdue reform.

The post Bowen takes first step to put environment back into energy market rules appeared first on RenewEconomy.

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Fortescue signs deal to produce hydrogen-fuelled green steel

Tue, 2022-12-20 11:38

Fortescue signs another MoU to produce green steel on a commercial scale without burning fossil fuels.

The post Fortescue signs deal to produce hydrogen-fuelled green steel appeared first on RenewEconomy.

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CEFC jumps back into solar market as cost hikes put 82 pct renewable target at risk

Tue, 2022-12-20 06:00

FRV Metz solar farm nswCEFC makes biggest project finance deal for large scale solar as it seeks to help renewables overcome economic headwinds

The post CEFC jumps back into solar market as cost hikes put 82 pct renewable target at risk appeared first on RenewEconomy.

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FRV to build two grid forming battery storage projects in Victoria

Mon, 2022-12-19 21:03

Fotowatio Renewable Ventures Australia owned by a Saudi investment fund and a Canadian infrastructure fund, is to build a second big battery with grid forming inverters in Victoria after winning a role in the federal funding round. The 250MW/500MWh Gnarwarre battery energy storage system will be located in Gnarwarre, south west, Victoria, not far from the […]

The post FRV to build two grid forming battery storage projects in Victoria appeared first on RenewEconomy.

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NSW backs new pumped hydro project promising 12 hours of storage

Mon, 2022-12-19 20:49

Burrendong Dam image Facebook WaterNSWA pumped hydro project promising 810MW of capacity and energy storage of up to 12 hours has received a funding boost from the NSW state government.

The post NSW backs new pumped hydro project promising 12 hours of storage appeared first on RenewEconomy.

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Ratings agency worried about cost blowouts at Snowy pumped hydro and gas projects

Mon, 2022-12-19 17:01

AAP - Snowy Hydro Tumut 3 - optimisedSnowy Hydro on negative ratings watch because of likely cost blowouts and delays at its Snowy 2.0 pumped hydro and Kurri Kurri gas projects.

The post Ratings agency worried about cost blowouts at Snowy pumped hydro and gas projects appeared first on RenewEconomy.

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Risen Energy to build its first big battery in Australia with “gamechanger” Arena funding

Mon, 2022-12-19 13:02

Arena funding means Risen Energy will build its first big battery in Australia, with another three in the company's project pipeline.

The post Risen Energy to build its first big battery in Australia with “gamechanger” Arena funding appeared first on RenewEconomy.

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