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News and analysis for the clean energy economy
Updated: 2 hours 41 min ago

“Opportunity cost:” The role played by Snowy’s hydro plants in electricity price spike

Fri, 2022-07-29 00:10

Hydro power is not supposed to cost much, and last quarter it was rarely used but set the price nearly half the time - at an average of more than $300/MWh. Why?

The post “Opportunity cost:” The role played by Snowy’s hydro plants in electricity price spike appeared first on RenewEconomy.

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AEMO urges quicker shift to renewables amid coal failures and soaring fossil fuel costs

Fri, 2022-07-29 00:01

AEMO says fossil fuel crisis makes it clear Australia needs to accelerate its shift to wind, solar and storage to deliver cheap and reliable energy.

The post AEMO urges quicker shift to renewables amid coal failures and soaring fossil fuel costs appeared first on RenewEconomy.

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RES switches on spinning machine to support big Victorian wind farm

Thu, 2022-07-28 17:04

RES switches on synchronous condenser to support the second stage of the huge Murra Warra wind farm in western Victoria.

The post RES switches on spinning machine to support big Victorian wind farm appeared first on RenewEconomy.

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Transgrid ticks off first ISP job: Queensland-NSW interconnector upgrade

Thu, 2022-07-28 14:35

Transgrid QNI upgradeTransgrid completes $236m QNI upgrade to increase the flow of electricity between the two states and reduce network constraints.

The post Transgrid ticks off first ISP job: Queensland-NSW interconnector upgrade appeared first on RenewEconomy.

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Three reasons why US coal power is disappearing – and a Supreme Court ruling won’t save it

Thu, 2022-07-28 14:32

Even despite a rare win in the Supreme Court recently, US coal plants will continue to close down. Here's why.

The post Three reasons why US coal power is disappearing – and a Supreme Court ruling won’t save it appeared first on RenewEconomy.

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FFI armed with billion-dollar budget as it seeks to lock down Forrest’s green hydrogen deals

Thu, 2022-07-28 14:19

Chichester Solar Farm Alinta FortescueAndrew Forrest gives Fortescue Future Industries a billion dollar budget to land first deals in his grand green hydrogen strategy, and the first manufacturing plant.

The post FFI armed with billion-dollar budget as it seeks to lock down Forrest’s green hydrogen deals appeared first on RenewEconomy.

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Enova Energy spared from liquidation by deal with fellow small retailer

Thu, 2022-07-28 13:04

Administrators say Enova Energy has avoided liquidation through an arrangement with fellow retail upstart Energy Locals.

The post Enova Energy spared from liquidation by deal with fellow small retailer appeared first on RenewEconomy.

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Sunshine state reaches more than 60 pct renewables for first time – in winter

Thu, 2022-07-28 09:53

The Sunshine state posts a new record for renewables in the middle of the winter, thanks to the growing contribution of wind energy.

The post Sunshine state reaches more than 60 pct renewables for first time – in winter appeared first on RenewEconomy.

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Great Solar Business Podcast: Solar supply and demand for 2022

Thu, 2022-07-28 09:53

Lliam Ricketts from Supply Partners explains what’s going on upstream with the solar supply chain. Recorded at Energy Next.

The post Great Solar Business Podcast: Solar supply and demand for 2022 appeared first on RenewEconomy.

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Spanish energy giant Iberdrola to enter Australian offshore wind market

Thu, 2022-07-28 09:23

Spanish energy giant Iberdrola reveals it has its eyes on potential offshore wind projects in Australia.

The post Spanish energy giant Iberdrola to enter Australian offshore wind market appeared first on RenewEconomy.

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South Australia’s newest solar farm secures off take with local business group

Wed, 2022-07-27 21:35

tailem bend solar farm suppliedGarnaut's Zen Energy secures long term off take with newest solar farm in South Australia on behalf of a local business buyers group.

The post South Australia’s newest solar farm secures off take with local business group appeared first on RenewEconomy.

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Bowen says historic Climate Bill “not a limit on ambition”, but NGOs want more

Wed, 2022-07-27 14:35

Energy and climate minister says Climate Bill is most important for its message of "stable, clear and coherent and necessary policy."

The post Bowen says historic Climate Bill “not a limit on ambition”, but NGOs want more appeared first on RenewEconomy.

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Origin supports separate auction for coal to ensure capacity market focused on renewable future

Wed, 2022-07-27 13:47

Neoen Tesla Big Battery VictoriaOwner of Australia's biggest coal generator supports split auctions in proposed capacity market, as UK proposes its own split market for renewables.

The post Origin supports separate auction for coal to ensure capacity market focused on renewable future appeared first on RenewEconomy.

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Albanese dissembles on Australia’s fossil fuel exports, and he knows it

Wed, 2022-07-27 13:10

Australian Prime Minister Anthony Albanese speaks to the media during a press conference ahead of the NATO Leaders’ Summit in Madrid. (AAP Image/Lukas Coch)Albanese says he does not support a ban on new coal and gas because it would be replaced by other producers and Australia would lose. Let's unpack that.

The post Albanese dissembles on Australia’s fossil fuel exports, and he knows it appeared first on RenewEconomy.

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Solar panels go up at BHP’s first major off-grid renewable energy project

Wed, 2022-07-27 11:06

Mining giant BHP begins installation of panels at solar and battery project that will help power nickel mining operations in WA's Northern Goldfields.

The post Solar panels go up at BHP’s first major off-grid renewable energy project appeared first on RenewEconomy.

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Pakistan looks to solar to replace abandoned 300MW coal project

Wed, 2022-07-27 10:42

solar PakistanPakistan abandons 300MW imported coal-fired power plant and pushes instead for a solar power plant of the same capacity.

The post Pakistan looks to solar to replace abandoned 300MW coal project appeared first on RenewEconomy.

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California seeks target of 20GW offshore wind by 2045, no new fossil fuels

Wed, 2022-07-27 09:54

offshore wind from ocean - optimisedIn a wind-ranging call for more ambitious climate action, California governor calls for goal of at least 20GW of offshore wind in 2045.

The post California seeks target of 20GW offshore wind by 2045, no new fossil fuels appeared first on RenewEconomy.

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“World first:” Hornsdale battery gets approval to deliver critical inertia services to grid

Wed, 2022-07-27 09:46

Australia's grid takes another big step towards 100pct renewables with approval for Tesla big battery to deliver inertia services for first time at this scale.

The post “World first:” Hornsdale battery gets approval to deliver critical inertia services to grid appeared first on RenewEconomy.

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New coal and gas projects will erase Albo’s climate gains several times over

Wed, 2022-07-27 07:20

Prime Minister Anthony Albanese and Australian Minister for Climate Change Chris Bowen pose for photographs after signing the Nationally Determined Contribution to a 43% cut in emissions by 2030. (AAP Image/Lukas Coch)Australia's massive pipeline for new coal and gas projects will cause more emissions than avoided by Labor's climate policies. This is very bad.

The post New coal and gas projects will erase Albo’s climate gains several times over appeared first on RenewEconomy.

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UK pursues space-based solar satellites to boost its energy security

Tue, 2022-07-26 18:57

nasa space satellite solar panel gallium arsenide - optimisedUK is investing money to work out how to use space-based satellites to capture solar power and send it back to earth to boost its energy security.

The post UK pursues space-based solar satellites to boost its energy security appeared first on RenewEconomy.

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