Markets Archives - RenewEconomy

Latest hike could be power price peak – as long as we decouple from inflationary fossil fuels

Tim Buckley — Fri, 26 May 2023 04:17:47 +0000

Latest DMO reminds us the only solution to permanently lower power prices is to decouple from polluting, inflationary fossil fuels and accelerate the transition to firmed renewable energy.

The post Latest hike could be power price peak – as long as we decouple from inflationary fossil fuels appeared first on RenewEconomy.

Regulator confirms another coal and gas fuelled power price hike. But why?

Sophie Vorrath — Thu, 25 May 2023 03:22:24 +0000

Regulator flags power price hikes across the main grid, but experts question why prices are still being determined by frameworks first designed decades ago.

The post Regulator confirms another coal and gas fuelled power price hike. But why? appeared first on RenewEconomy.

Australia needs 20GW renewables in four years to meet 2030 target

David Leitch — Wed, 24 May 2023 04:55:37 +0000

To reach 80 pct renewables by 2030, we need 20GW of wind and solar committed in four years, and six years for transmission to be built. That’s a doubling of the historic pace.

The post Australia needs 20GW renewables in four years to meet 2030 target appeared first on RenewEconomy.

What do you call a coal plant on a 2050 grid? “Incredibly expensive insurance”

Sophie Vorrath — Tue, 23 May 2023 05:03:43 +0000

What is a forecast of 14GW of coal in Australia in 2050 doing in a net zero scenario?

The post What do you call a coal plant on a 2050 grid? “Incredibly expensive insurance” appeared first on RenewEconomy.

Abbott hangover? Iberdrola further delays wind farm first sidelined by 2013 RET review

Sophie Vorrath — Mon, 22 May 2023 03:23:25 +0000

Ten years after being sidelined by Tony Abbott's renewables investment freeze, construction of Woakwine wind farm in South Australia has again been delayed.

The post Abbott hangover? Iberdrola further delays wind farm first sidelined by 2013 RET review appeared first on RenewEconomy.

Australia’s renewable superpower ambitions could be turbo-charged by Biden compact

Tim Buckley — Mon, 22 May 2023 00:05:01 +0000

US-Australia compact promises to massively boost our potential as a global renewables superpower and zero-emissions trade and investment leader.

The post Australia’s renewable superpower ambitions could be turbo-charged by Biden compact appeared first on RenewEconomy.

Queensland details plan to turn regions into green industrial hubs

Sophie Vorrath — Fri, 19 May 2023 04:52:34 +0000

Queensland unveils plan to grow the renewable energy and green industrial manufacturing and supply chain capabilities of Queensland's regions.

The post Queensland details plan to turn regions into green industrial hubs appeared first on RenewEconomy.

From big gas kettle to big battery: The energy “time tunnel” at Torrens Island

Sophie Vorrath — Fri, 19 May 2023 01:41:46 +0000

At the heart of the renewables dominated grid of South Australia, AGL Energy's Torrens Island Power Station is a museum of power generation past, present and future.

The post From big gas kettle to big battery: The energy “time tunnel” at Torrens Island appeared first on RenewEconomy.

Like solar and wind, batteries and green hydrogen need low-cost finance – and lots of it

Joshua S Hill — Wed, 17 May 2023 04:22:48 +0000

IRENA report says lessons learned from scaling up wind and solar to become cheapest options for new electricity generation must be applied to emerging technologies.

The post Like solar and wind, batteries and green hydrogen need low-cost finance – and lots of it appeared first on RenewEconomy.

Australia needs a lot more four-hour batteries – but first we need the right policies

David Leitch — Fri, 12 May 2023 05:19:11 +0000

Surely we want to encourage more storage and firming, so we why don’t we have a NEM-wide policy like the LRET?

The post Australia needs a lot more four-hour batteries – but first we need the right policies appeared first on RenewEconomy.