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News and analysis for the clean energy economy
Updated: 2 hours 54 min ago

IEA: Global gas market in “meltdown” as demand and prices smashed by Covid-19

Wed, 2020-06-10 14:01

Canva - Burning oil and gas from flare structure - optimisedIEA says global gas market is in meltdown due to Covid-19 and collapsing demand and prices, putting idea of "gas-led" recovery in doubt.

The post IEA: Global gas market in “meltdown” as demand and prices smashed by Covid-19 appeared first on RenewEconomy.

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UK developer takes write-down after another storm hits Oakey 2 solar farm

Wed, 2020-06-10 13:12

UK investment fund takes write down on value of Oakey 2 solar farm after it was hit by another storm, adding to problems at its Australian solar portfolio.

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EU notches up new record daily renewables share of 55% in May

Wed, 2020-06-10 12:40

High shares of wind, solar, hydro and biomass across the European Union combine to deliver average daily shares of more than 50% renewables.

The post EU notches up new record daily renewables share of 55% in May appeared first on RenewEconomy.

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Neoen flags plans for 200MW solar farm in NSW Bathurst region

Wed, 2020-06-10 12:34

Proposed Windradyne solar farm would produce enough power for almost 100,000 homes and create around 230 jobs during construction, Neoen says.

The post Neoen flags plans for 200MW solar farm in NSW Bathurst region appeared first on RenewEconomy.

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Infratil seeks $280 million with eye to renewables and storage projects

Wed, 2020-06-10 12:26

New Zealand infrastructure investor Infratil is tapping markets for $280 million to invest in growing pipeline of renewable and storage projects.

The post Infratil seeks $280 million with eye to renewables and storage projects appeared first on RenewEconomy.

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Neoen to build first big battery in Finland, to allow for more growing wind share

Wed, 2020-06-10 11:41

Neoen aims to repeat success of Tesla big battery at Hornsdale with its first big battery in Finland, boosting grid services and integration of renewables.

The post Neoen to build first big battery in Finland, to allow for more growing wind share appeared first on RenewEconomy.

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Australia’s best performing wind and solar farms in May

Wed, 2020-06-10 09:46

The performance rankings for Australia's wind and solar farms in the the month of May threw up a few surprises, as Broken Hill finally threw off its constraints.

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Morrison’s $25,000 renovation grant could deliver full energy retrofit for social housing

Wed, 2020-06-10 09:01

Morrison's 'renovation rescue' stimulus ignores the opportunity to vastly improve living conditions for some of Australia’s most vulnerable communities.

The post Morrison’s $25,000 renovation grant could deliver full energy retrofit for social housing appeared first on RenewEconomy.

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Huge 3.6GW solar plus battery hydrogen project proposed for Queensland

Tue, 2020-06-09 15:29

Newly formed company says it has secured land for a potential 3.6GW solar plus battery hydrogen project in Queensland.

The post Huge 3.6GW solar plus battery hydrogen project proposed for Queensland appeared first on RenewEconomy.

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Infigen predator argues wind farm operator has “significantly underperformed”

Tue, 2020-06-09 15:18

UPC/AC Energy consortium says Infigen Energy has "underperformed", in attempt to convince shareholders to back takeover bid.

The post Infigen predator argues wind farm operator has “significantly underperformed” appeared first on RenewEconomy.

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Rule changes that could shift balance of power in clean energy transition

Tue, 2020-06-09 15:05

solar battery storage tesla victoria gess Gannawarra Energy Storage System - optimisedDeadlines this week for two critical rule changes that could set the pace of the switch to a grid dominated by renewables, storage and other smart technologies.

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Warwick solar farm – UQ’s ticket to 100% renewables – now fully energised

Tue, 2020-06-09 14:32

University of Queensland edges closer to energy independence with just the final commissioning of its Warwick solar farm standing in the way of 100% renewables.

The post Warwick solar farm – UQ’s ticket to 100% renewables – now fully energised appeared first on RenewEconomy.

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Small wind spins again as NSW technology wins venture capital backing

Tue, 2020-06-09 14:27

University of Newcastle-based start-up, Diffuse Energy, secures $400,000 in seed funding to scale production of its very small, enclosed-blade diffuser turbine technology.

The post Small wind spins again as NSW technology wins venture capital backing appeared first on RenewEconomy.

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ACT electricity prices to drop after reaching 100% renewable target

Tue, 2020-06-09 14:24

connections canberra gas infrastructure black mountain tower - optimisedCanberrans set to enjoy a cut to their electricity prices, after completing the transition to 100 per cent renewable electricity.

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Queensland wind farm rejected by environment minister due to koala impacts

Tue, 2020-06-09 13:16

Federal environment minister charged with cutting "green tape" says wind farm in Central Queensland “clearly unacceptable” for potential impact on koalas.

The post Queensland wind farm rejected by environment minister due to koala impacts appeared first on RenewEconomy.

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Vestas secures service agreements for Senvion turbines across three wind farms in Australia

Tue, 2020-06-09 13:01

Vesta mcarthur wind farm turbine - optimisedVestas has secured service agreements for the three Australian wind farms of Coober Pedy in South Australia.

The post Vestas secures service agreements for Senvion turbines across three wind farms in Australia appeared first on RenewEconomy.

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Why the Covid Commission’s “gas fired” recovery plan is doomed to failure

Tue, 2020-06-09 10:37

Kwinana gas fired power station wa grid AEMO blackoutTasked with stimulating the economy post-Covid-19, the Morrison government's NCCC has come up with a gas-based agenda. Here's why it's bound for failure.

The post Why the Covid Commission’s “gas fired” recovery plan is doomed to failure appeared first on RenewEconomy.

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Not as simple as it appears – estimating curtailment of renewable generation

Tue, 2020-06-09 10:31

Knowing the cause and the value, or cost, or curtailment of wind and solar farms is not easy.

The post Not as simple as it appears – estimating curtailment of renewable generation appeared first on RenewEconomy.

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Inflexible nuclear blamed for big cuts in wind power in UK

Tue, 2020-06-09 06:42

Lack of flexibility of nuclear plants is biggest cause of wind constraints in UK, at a cost of more than $180 million a year.

The post Inflexible nuclear blamed for big cuts in wind power in UK appeared first on RenewEconomy.

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Oil, gas and coal facing terminal decline and massive plunge in value

Mon, 2020-06-08 21:49

“We are witnessing the decline and fall of the fossil fuel system" as impact of Covid-19 pandemic to accelerate losses, write-offs and bankruptcies in coal, gas and oil.

The post Oil, gas and coal facing terminal decline and massive plunge in value appeared first on RenewEconomy.

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