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News and analysis for the clean energy economy
Updated: 1 hour 14 min ago

UK hikes offshore floating wind strike price to $A337/MWh, in grim portent for Australia

Thu, 2023-11-16 14:39

a turbine from the Kincardine Offshore Wind Farm. Simply Blue Group.British government bumps up strike price for offshore wind by up to 66%, setting an eye watering $A337/MWh for floating projects like those earmarked for NSW.

The post UK hikes offshore floating wind strike price to $A337/MWh, in grim portent for Australia appeared first on RenewEconomy.

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NSW is in danger of stuffing up the transition from coal to renewables

Thu, 2023-11-16 14:36

saphhire-wind-farm-snow.jpgIt's not often you get a Nationals MP berating Labor for going too slow on the green energy transition. But with two government departments at war in NSW, the renewables industry agrees.

The post NSW is in danger of stuffing up the transition from coal to renewables appeared first on RenewEconomy.

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Renewables and farmers: Is this golden opportunity about to slip through our fingers?

Thu, 2023-11-16 14:07

As the nation charts its course towards a cleaner energy future, it is critical that farmers receive not only due acknowledgment of their contributions but also targeted support.

The post Renewables and farmers: Is this golden opportunity about to slip through our fingers? appeared first on RenewEconomy.

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Tesla reveals plan to be Australian energy retailer and “disrupt traditional incumbents”

Thu, 2023-11-16 14:05

Tesla reveals details of its plan to take on traditional utility incumbents in Australia by focusing on household and business packages that combine rooftop PV, electric cars and battery storage.

The post Tesla reveals plan to be Australian energy retailer and “disrupt traditional incumbents” appeared first on RenewEconomy.

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Former Sun Cable CEO David Griffin takes up reins at solar innovator 5B

Thu, 2023-11-16 12:52

Australian solar innovator 5B has snagged a high profile new CEO, with David Griffin – the co-founder and former chief of Sun Cable – taking up the role.

The post Former Sun Cable CEO David Griffin takes up reins at solar innovator 5B appeared first on RenewEconomy.

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If Australia is serious about climate, it must get serious about coal mine emissions

Thu, 2023-11-16 12:01

Fugitive emissions that leak from the ground during the extraction of coal and gas represent 11% of Australia’s reported greenhouse gas emissions. So why are they being ignored?

The post If Australia is serious about climate, it must get serious about coal mine emissions appeared first on RenewEconomy.

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Australia’s biggest coal grid is running short of spinning machines

Thu, 2023-11-16 10:16

Market operator has to put out call for more synchronous generation as the number of coal units operating fell to record lows. More grid forming battery inverters might be needed.

The post Australia’s biggest coal grid is running short of spinning machines appeared first on RenewEconomy.

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SEC bill faces tough opposition in Victorian parliament

Wed, 2023-11-15 14:45

A move to enshrine the revived State Electricity Commission in the Victorian constitution is doomed to fail, with upper house crossbenchers queuing up to kill it.

The post SEC bill faces tough opposition in Victorian parliament appeared first on RenewEconomy.

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Siemens snags massive government bailout amid deepening wind turbine woes

Wed, 2023-11-15 14:13

siemens gamesa 14MW turbineGerman government agrees to backstop energy giant Siemens to tune of €7.5 billion to help the company overcome ongoing turmoil in its wind division.

The post Siemens snags massive government bailout amid deepening wind turbine woes appeared first on RenewEconomy.

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“Farcical:” Wind industry in shock as draft NSW guidelines say no to new wind projects

Wed, 2023-11-15 14:10

rye-park-wind-turbine-1536x1091.jpgUpdated: Wind industry in shock over draft NSW planning guidelines, which could kill new projects - even in renewable energy zones. Talks are being sought with the state Labor government.

The post “Farcical:” Wind industry in shock as draft NSW guidelines say no to new wind projects appeared first on RenewEconomy.

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Origin: Can the gentailer commit to 100% green when the Brookfield bid fails?

Wed, 2023-11-15 13:58

Origin Energy could move quicker on the renewable transition than Brookfield, but its management has shown no interest in doing so.

The post Origin: Can the gentailer commit to 100% green when the Brookfield bid fails? appeared first on RenewEconomy.

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New “mega scale” green hub planned for Northern Territory by Korea giant

Wed, 2023-11-15 13:53

 5BNorthern Territory unveils another "mega-scale" renewable project featuring wind, solar, hydrogen and battery storage with South Korea industrial giant.

The post New “mega scale” green hub planned for Northern Territory by Korea giant appeared first on RenewEconomy.

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New blow to fossil gas as regulator shifts death spiral risk to new connections

Wed, 2023-11-15 13:52

Households in Victoria could soon be required to pay up front for a new connection to the gas network to defray cost of stranded assets for other users.

The post New blow to fossil gas as regulator shifts death spiral risk to new connections appeared first on RenewEconomy.

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Australia at back of the pack on methane as China announces action plan

Wed, 2023-11-15 13:45

cropped-gas-flare-fracking-victoria-moratorium-2-optimised.jpgChina has joined the growing list of countries committing to methane action plans, leaving Australia well behind in the global race to tackle these super-polluting emissions.

The post Australia at back of the pack on methane as China announces action plan appeared first on RenewEconomy.

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The super fund giant and advisory firm blocking Australia’s renewable energy transition

Wed, 2023-11-15 09:08

Brookfield's bid for Origin is good for Australia. But Australia's biggest super fund is signalling that fundamental value is less important than just stopping the bid.

The post The super fund giant and advisory firm blocking Australia’s renewable energy transition appeared first on RenewEconomy.

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AEMO prepares for extreme El Nino summer, but at least it has more battery storage

Tue, 2023-11-14 23:01

Hazelwood big battery engie ekuAEMO warns of long hot summer as it seeks more resources in the case of fires, storms and heat that could cause failures in generation and transmission. But it has a lot more big batteries.

The post AEMO prepares for extreme El Nino summer, but at least it has more battery storage appeared first on RenewEconomy.

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Bowen launches $150 million funding round to decarbonise, electrify regional industry

Tue, 2023-11-14 14:31

oz minerals mining site 3 - optimisedFederal Labor launches first funding round to support emissions reduction at industrial facilities, with initial focus on industrial heat and off-road transport.

The post Bowen launches $150 million funding round to decarbonise, electrify regional industry appeared first on RenewEconomy.

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Australia must slash emissions by 68 pct by 2030, quit coal five years later to meet 1.5°C target

Tue, 2023-11-14 14:28

New modelling from Climateworks shows Australia can stay aligned with the Paris target of limiting warming to 1.5°C, but only if much of the heavy lifting is done by 2030.

The post Australia must slash emissions by 68 pct by 2030, quit coal five years later to meet 1.5°C target appeared first on RenewEconomy.

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NSW blots out nearly entire state for wind projects – few areas deemed “desirable” for turbines

Tue, 2023-11-14 14:14

NSW stuns wind industry by suggesting hardly any sites are deemed "desirable" for large scale wind projects. One of the few areas deemed "suitable" is in anti-wind MP Angus Taylor's electorate.

The post NSW blots out nearly entire state for wind projects – few areas deemed “desirable” for turbines appeared first on RenewEconomy.

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“A true first:” Neoen in landmark deal to create national park next to Goyder renewable zone

Tue, 2023-11-14 13:00

Neoen transfers ownership of World's End Gorge to state government to create new national park adjacent to its massive Goyder South wind, solar and battery project.

The post “A true first:” Neoen in landmark deal to create national park next to Goyder renewable zone appeared first on RenewEconomy.

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