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News and analysis for the clean energy economy
Updated: 2 hours 19 min ago

Alinta hits go on Port Hedland solar and battery, with BHP as foundation customer

Tue, 2022-09-20 13:35

Chichester Solar Farm Alinta FortescueBHP signs deal to source 100% of the daytime energy needs of its Port Hedland iron ore operations from solar and big battery project built by Alinta.

The post Alinta hits go on Port Hedland solar and battery, with BHP as foundation customer appeared first on RenewEconomy.

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Pressure mounts on Albanese to cut the cord on coal and gas handouts

Tue, 2022-09-20 12:10

Leader of the Opposition Anthony Albanese after making his budget reply speech. (AAP Image/Mick Tsikas)Labor Party under pressure to reclaim nearly $2bn in subsidies earmarked for gas development projects under the Morrison government and redirect the funds into renewables.

The post Pressure mounts on Albanese to cut the cord on coal and gas handouts appeared first on RenewEconomy.

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How home batteries can be good money spinners – and lessen the need for subsidies

Tue, 2022-09-20 11:58

Tesla home batteryNew analysis hints that growing behind-the-meter storage might not need a great deal of subsidy, thanks to potentially lucrative income opportunities.

The post How home batteries can be good money spinners – and lessen the need for subsidies appeared first on RenewEconomy.

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Origin’s Beetaloo exit is not enough, the fracking has got to stop

Tue, 2022-09-20 09:18

Governments, now, must intervene on developments like Beetaloo; listen to the science and, as promised, to the voices of First Nations people.

The post Origin’s Beetaloo exit is not enough, the fracking has got to stop appeared first on RenewEconomy.

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Wind power is getting better and better, and providing more value to the grid

Mon, 2022-09-19 22:54

Wind energy remains as an attractive carbon-free option since its costs are generally low compared to wind’s value in wholesale markets.

The post Wind power is getting better and better, and providing more value to the grid appeared first on RenewEconomy.

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Solar giant joins big battery market with launch of utility-scale SolBank

Mon, 2022-09-19 20:32

Leading global PV manufacturer Canadian Solar launches lithium-iron phosphate utility-scale big battery system with up to 2,800kWh of usable energy capacity.

The post Solar giant joins big battery market with launch of utility-scale SolBank appeared first on RenewEconomy.

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Safeguard Mechanism: What to make of the “industry-average” baseline scheme

Mon, 2022-09-19 14:27

 Canva).Is it possible to make an industry average scheme work? Yes, with enough gaffer tape. Is it the best pathway to take? Maybe not.

The post Safeguard Mechanism: What to make of the “industry-average” baseline scheme appeared first on RenewEconomy.

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Three global renewables trends to watch for – and what they mean for Australia

Mon, 2022-09-19 13:57

Solar is doing well – and particularly associated home battery uptake; wind power is struggling; and China is rapidly becoming the main factor limiting global decarbonisation.

The post Three global renewables trends to watch for – and what they mean for Australia appeared first on RenewEconomy.

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AGL board clean-out continues, with new chair – and a new renewables champion

Mon, 2022-09-19 13:38

Australian renewables champion Miles George joins non-executive ranks of AGL Energy, as part of major overhaul of the board at the big three gen-tailer.

The post AGL board clean-out continues, with new chair – and a new renewables champion appeared first on RenewEconomy.

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Origin announces exit from gas exploration, starting with Beetaloo Basin

Mon, 2022-09-19 10:57

gas flare fracking victoria moratorium 2 - optimisedOrigin Energy says it is getting out of the gas exploration business, starting with its share in the controversial Beetaloo Basin project, as it shifts its focus to the energy transition.

The post Origin announces exit from gas exploration, starting with Beetaloo Basin appeared first on RenewEconomy.

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Labor modeller says plan for free credits could kill integrity of Safeguard scheme

Mon, 2022-09-19 00:01

Liquefied natural gas lng carrier ship with five tanks - optimised hydrogenLabor's climate modeller says proposal to award free credits to big polluters who do better than an industry average could kill integrity of Safeguard Mechanism.

The post Labor modeller says plan for free credits could kill integrity of Safeguard scheme appeared first on RenewEconomy.

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St Baker and Flannery cash in on Vales Point coal plant in sale to Czechs

Sun, 2022-09-18 23:46

Delta Electricity Vales Point coal fired power station - supplied 1 - optimisedTrevor St Baker and Brian Flannery sell out of Vales Point coal generator at massive profit, and new buyer shows no signs of contemplating an early closure.

The post St Baker and Flannery cash in on Vales Point coal plant in sale to Czechs appeared first on RenewEconomy.

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Wind and solar records tumble again, as coal and fossil fuel hit another low

Sun, 2022-09-18 06:54

Wind and solar hit new record peaks in main grid, pushing coal and fossil fuels to record lows, but curtailment also hits new high in South Australia.

The post Wind and solar records tumble again, as coal and fossil fuel hit another low appeared first on RenewEconomy.

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Pacific Equity Partners wins gong for backing Aussie smart meter business

Fri, 2022-09-16 14:47

Australian Investment Council awards Pacific Equity Partners Large Cap Investment Award for investing in Intellihub and generating significant returns for investors.

The post Pacific Equity Partners wins gong for backing Aussie smart meter business appeared first on RenewEconomy.

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Will the food and livestock industry follow fossil fuels over the market cliff?

Fri, 2022-09-16 14:14

The food and livestock industry, particularly beef and dairy, face as big a climate problem as fossil fuels – but in a dramatically accelerated timeframe.

The post Will the food and livestock industry follow fossil fuels over the market cliff? appeared first on RenewEconomy.

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Vertical axis floating offshore wind turbine gears up for 1MW trial in Norway

Fri, 2022-09-16 13:34

seatwirl vertical axis wind turbineA 1MW vertical axis floating offshore wind turbine will be given a test run in seas off Norway, its developers say.

The post Vertical axis floating offshore wind turbine gears up for 1MW trial in Norway appeared first on RenewEconomy.

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Revealed: The extraordinary cost of “keeping the lights on” in month of June

Fri, 2022-09-16 13:28

The cost of electricity in Australia's main grid was more than $6.7 billion in June, or around $750 per household for a single month.

The post Revealed: The extraordinary cost of “keeping the lights on” in month of June appeared first on RenewEconomy.

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Works to begin on “world-first” green hydrogen electrolyser in Pilbara

Fri, 2022-09-16 12:30

Chichester Solar Farm Alinta FortescueARENA tips $47m into Australia’s first "substantial" renewable hydrogen project, and one of the largest so far in the world, putting it on track for completion in 2024.

The post Works to begin on “world-first” green hydrogen electrolyser in Pilbara appeared first on RenewEconomy.

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Fracking: If Liz Truss wants a UK shale gas industry, she is 280 million years late

Fri, 2022-09-16 10:11

UK anti-fracking wikimedia commonsFracking in the UK has multiple commercial, technical and social challenges. The biggest of all may be that the oil and gas reserves are long gone.

The post Fracking: If Liz Truss wants a UK shale gas industry, she is 280 million years late appeared first on RenewEconomy.

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Report reveals cost of undergrounding HumeLink – but is it a price worth paying?

Fri, 2022-09-16 09:05

How can we balance community concerns and wishes with cost? It’s a challenging task – made more challenging by the urgency of the shift to renewables. 

The post Report reveals cost of undergrounding HumeLink – but is it a price worth paying? appeared first on RenewEconomy.

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