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New South Wales, Australia
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Renew Economy: Australia’s main grid came close to a new record for wind energy output over the weekend, as two new wind projects began production for the first time, although the contribution of the newly connected projects remained minimal. According to grid wind watchers, including Global Roam’s Paul McArdle, it was “blowing a gale” over […]
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Renew Economy: Spark Renewables, part of the listed network investment company Spark Infrastructure, is proposing a massive 2.5GW wind, solar and battery storage hub in south west NSW, in the heart of a planned renewable energy zone. The Dinawan Energy Hub and the direct investment in wind, solar and battery storage is part of a […]
IEEFA
The Guardian: The environment minister, Sussan Ley, will appeal yesterday’s federal court declaration she has a duty of care to protect Australian children from climate harm that would be caused by the expansion of a coalmining project. Some of the eight schoolchildren that brought the case to the federal court have reacted with dismay to […]
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Renew Economy: AGL Energy is to mothball one of the four units at the Torrens B gas generator in South Australia, as traditional fossil fuel generators struggle in the face of the rapid transition to wind and solar and the switch from baseload generation to flexible capacity. AGL said falling spot and forward wholesale electricity […]
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Renew Economy: Lumea, the commercial offshoot of transmission company TransGrid, has announced plans for a 300MW big battery in Melbourne that it is describing as a “first of its kind” in Australia because it will be the first to be fully financed without using government funding or contracts. The 300MW battery at the Deer Park […]
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Renew Economy: The NSW government has committed $380 million over the next four years to boost network infrastructure for the state’s first renewable energy zones, which it hopes will unlock tens of billions of dollars in new investment in wind, solar and storage projects. The funding will be used to underwrite the development of […]
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Renew Economy: Aldi Australia says it has hit the target of powering all of its operations with 100 per cent renewable electricity six months ahead of schedule, marking a national first for major supermarkets and setting a cracking pace for the rest of corporate Australia. The Australian arm of the German supermarket chain said on […]
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Renew Economy: Queensland’s publicly owned coal fired power stations could become a drain on taxpayer funds, with a new assessment finding that some may never again be profitable. A new analysis produced by the Queensland Conservation Council has forecast the profitability of the Queensland government’s owned coal generation businesses, including Stanwell Corporation and CS Energy, […]
Simon Nicholas
A moratorium on new thermal coal mining capacity is needed to avoid chaotic employment impacts
The New South Wales (NSW) Treasury has concluded in a technical paper for the 2021 NSW Intergenerational Report that “global demand for coal is expected to weaken considerably”. The report further notes that “Declining global demand for coal will reduce New South Wales’ economic growth over the projection period and will have impacts both on […]
Guest Contributor: Owen Evans
The government doesn’t need an EV tax to fund roads
The New South Wales Government has released its five yearly Intergenerational Report. As part of the process, NSW Treasury produces deeply researched technical papers into a number of relatively narrow topics. This week it published a piece on the sensitivity to global coal demand and the broader energy transition. In two pages (pp 24-25) this […]
IEEFA Australia: Port of Newcastle’s roadblock on the path away from thermal coal
Planned fossil fuel exit by the world’s largest coal port is paralysed by lending constraints and a secret NSW government dealThe Port of Newcastle’s planned exit from fossil fuels suffered further setback last month after ANZ withdrew financing from the terminal, presently the world’s largest port for exporting thermal coal. ANZ had previously been a major lender to the port, however divested its position during the latest round of refinancing of approximately A$900 million in […]