RenewEconomy

Subscribe to RenewEconomy feed RenewEconomy
News and analysis for the clean energy economy
Updated: 10 min 46 sec ago

More than $1 billion wiped off value of Queensland coal and gas power stations

Thu, 2021-02-04 14:30

Kogan Creek Power Station landscape - optimisedQueensland Audit Office cites falling prices and growing renewables for $1B cut to value of state's fossil fuel plants, including one that's now worth zero.

The post More than $1 billion wiped off value of Queensland coal and gas power stations appeared first on RenewEconomy.

Categories: Around The Web

Australian firm launches $120m share placement to fund zero emissions lithium plant

Thu, 2021-02-04 14:22

ASX-listed lithium producer Vulcan Resources progresses plans to develop one of Europe's first major sources of lithium to meet surging demand from electric vehicle manufacturers.

The post Australian firm launches $120m share placement to fund zero emissions lithium plant appeared first on RenewEconomy.

Categories: Around The Web

Australian carbon offset prices jump on surging corporate demand

Thu, 2021-02-04 14:18

legal chart emissions increase power station coal stacksAustralian carbon offset prices rise to new 12-month high, as corporate emitters move to get in early in anticipation of stricter emissions targets.

The post Australian carbon offset prices jump on surging corporate demand appeared first on RenewEconomy.

Categories: Around The Web

Macquarie launches 8GW European solar pipeline

Thu, 2021-02-04 14:07

Macquarie creates Cero Generation, with more than 8 gigawatts of solar projects and plans to be the biggest solar energy company in Europe.

The post Macquarie launches 8GW European solar pipeline appeared first on RenewEconomy.

Categories: Around The Web

How AGL lost nearly $2 billion from its early push into wind farms

Thu, 2021-02-04 13:50

How did AGL manage to lose nearly $2 billion on its early wind farm investments? And can it avoid a repeat as it manages the survival and exit of its coal and gas assets.

The post How AGL lost nearly $2 billion from its early push into wind farms appeared first on RenewEconomy.

Categories: Around The Web

MG leads growth in electric SUV sales, but Australia still lags world EV push

Thu, 2021-02-04 13:25

mg zs evThe new MG has helped lift electric SUV sales in Australia off a tiny base, but the growth is swamped by consumer demand for fossil fuel cars as Australia falls further behind rest of world.

The post MG leads growth in electric SUV sales, but Australia still lags world EV push appeared first on RenewEconomy.

Categories: Around The Web

Wave Swell Energy installs generator off King Island in world first hybrid trial

Thu, 2021-02-04 11:29

Uniwave King IslandAustralian “oscillating water column” (OWC) technology successfully installed in Grassy Harbour after Covid delays and "flawless" 40-hour journey from Hobart.

The post Wave Swell Energy installs generator off King Island in world first hybrid trial appeared first on RenewEconomy.

Categories: Around The Web

AGL in massive $2.7 billion writedown, Origin also hit by lower power prices

Thu, 2021-02-04 10:05

 VestasAGL takes massive $2.7 billion hit from write-down of assets, as both it and Origin flag falling profits from lower power prices and higher gas costs.

The post AGL in massive $2.7 billion writedown, Origin also hit by lower power prices appeared first on RenewEconomy.

Categories: Around The Web

Transmission projects in doubt after AEMC rejects financing rule change

Thu, 2021-02-04 08:26

AEMO ISP Power Transmission Tower - optimisedNew transmission links considered essential to renewables transition in doubt after AEMC says six dollar a year impact too much to allow for change in rules.

The post Transmission projects in doubt after AEMC rejects financing rule change appeared first on RenewEconomy.

Categories: Around The Web

Energy Insiders Podcast: Can batteries rule the grid?

Wed, 2021-02-03 21:12

solar battery storage tesla victoria gess Gannawarra Energy Storage System - optimisedBattery storage and other technologies are likely to take on all the system services once delivered by fossil fuel generators. Stephen Sproul from Hitachi ABB explains how.

The post Energy Insiders Podcast: Can batteries rule the grid? appeared first on RenewEconomy.

Categories: Around The Web

Australian invented ‘catalyst’ may be key to creating a global hydrogen economy

Wed, 2021-02-03 14:28

 Ambassador to the Philippines Mr Steve Robinson AO, Energy Secretary Alfonso G. Cusi and Robbie Briggs Representative for Star Scientific Limited (Supplied).Australian invented hydrogen-to-heat catalyst gets a boost, with its inventors signing major MoU with Philippine government to deliver decarbonisation plan.

The post Australian invented ‘catalyst’ may be key to creating a global hydrogen economy appeared first on RenewEconomy.

Categories: Around The Web

Gross domestic product is destroying nature, says landmark UK government report

Wed, 2021-02-03 14:08

Dasgupta Review up-ends economic assumptions about biodiversity loss, which is increasingly becoming a mainstream financial concern.

The post Gross domestic product is destroying nature, says landmark UK government report appeared first on RenewEconomy.

Categories: Around The Web

Western Australia to splash $35m on virtual power plant pilot

Wed, 2021-02-03 14:05

In trial dubbed "project symphony", Western Australia commits $35 million to its first major virtual power plant.

The post Western Australia to splash $35m on virtual power plant pilot appeared first on RenewEconomy.

Categories: Around The Web

Electrifying federal government fleet could be done at fraction of new cost estimates

Wed, 2021-02-03 14:04

It could cost a fraction of projected $200 million to transition federal government fleet, electric vehicle and energy consultancy firm Evenergi says.

The post Electrifying federal government fleet could be done at fraction of new cost estimates appeared first on RenewEconomy.

Categories: Around The Web

Signs of life at new NSW solar farm, with first generation entering the grid

Wed, 2021-02-03 13:29

Jemalong solar farm (supplied) genexSigns of first generation from Genex's new solar farm in NSW, as it parts ways with lead contractor for Kidston solar farm in Queensland.

The post Signs of life at new NSW solar farm, with first generation entering the grid appeared first on RenewEconomy.

Categories: Around The Web

Compatible up to 660W modules, TrinaTracker Vanguard Series Receive IEC Certification

Wed, 2021-02-03 12:18

Pioneering in the match of trackers and ultra-high power modules, Trina Solar offers the new-generation of Vanguard trackers compatible with 660W, 600W and 550W modules, leading to increased power gain, reduced LCOE and optimized system value.

The post Compatible up to 660W modules, TrinaTracker Vanguard Series Receive IEC Certification appeared first on RenewEconomy.

Categories: Around The Web

“Apprehended bias:” Community group wins High Court appeal against Queensland coal mine

Wed, 2021-02-03 11:26

coal mine train loader siemens adani train rail - optimisedHigh Court supports community group appeal against thermal coal mine expansion, saying previous decisions had been affected by "apprehended bias", including media coverage.

The post “Apprehended bias:” Community group wins High Court appeal against Queensland coal mine appeared first on RenewEconomy.

Categories: Around The Web

Australia’s path to zero emissions starts with the power grid

Wed, 2021-02-03 11:16

It's going to be a year of net zero talk. 2050 is a long time away, but net zero begins with the grid, and it must happen very soon.

The post Australia’s path to zero emissions starts with the power grid appeared first on RenewEconomy.

Categories: Around The Web

‘Don’t forget consumers’: AEMO told as it tries to meet engineering challenges

Wed, 2021-02-03 10:11

electricity controls AEMC RRO reliability standard - optimisedAEMO told not to ignore the emerging role of 'prosumers', as it tries to get ahead of the technical challenges of the energy market transition.

The post ‘Don’t forget consumers’: AEMO told as it tries to meet engineering challenges appeared first on RenewEconomy.

Categories: Around The Web

Chart of the day: The climate harm of Australia’s proposed gas pipelines

Wed, 2021-02-03 09:59

What quantity of emissions would building new gas pipelines in Australia enable? A new report answers that question (It's a lot).

The post Chart of the day: The climate harm of Australia’s proposed gas pipelines appeared first on RenewEconomy.

Categories: Around The Web

Pages