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IEEFA
Renew Economy: EnergyAustralia says it has brought forward the closure of the Mount Piper coal-fired power station in NSW by three years, as part of a plan to accelerate its exit from coal. EnergyAustralia had originally indicated that the 1,400MW Mount Piper coal power station – near Lithgow – could operate until at least 2043. […]
IEEFA
Renew Economy: The first stage of a massive renewable energy hub combining wind, solar and storage in central Queensland has been unveiled in a bold pitch to supply heavy industry in the region, including the Boyne aluminium smelter. Renewable energy developers RES and Energy Estate have revealed plans for the Moah Creek Renewable Energy Project, […]
IEEFA
Renew Economy: Rooftop solar systems are going to have such an impact in coming years that they will meet up to 77 per cent of total grid demand on occasions within five years, sending minimum operating demand down to levels that had never been contemplated until recently. The Australian Energy Market Operator says the pace […]
Guest Contributor: Gabrielle Kuiper
An unhelpful “solution” to a problem that’s already been solved
A milestone decision announced yesterday requires electricity distribution networks (local poles and wires companies) to support energy exports from household rooftop solar systems, batteries, electric vehicles (EVs) and other consumer energy devices. IEEFA notes the Australian Energy Market Commission’s (AEMC) new rules are two steps forward, one leap backwards for electricity consumers. AEMC has made […]
IEEFA
Renew Economy: Australian energy giant AGL has chosen Finland-based technology group Wärtsilä to build a 250MW big battery at Torrens Island near Adelaide, the first of what is expected to be a massive rollout of large scale battery storage by the company across the country. The 250MW big battery, sized initially at one hour storage […]
IEEFA
Renew Economy: In the electricity world, it’s about as significant as the transition from analogue to digital, and Australia’s market operator has now openly admitted that the key to the country’s “once in a lifetime” energy transition will be found in advanced grid-scale inverters. The Australian Energy Market Operator on Thursday published a “white paper” […]
IEEFA
Renew Economy: French renewable and battery storage developer Neoen says it expects its heavily delayed Bulgana wind and battery hub in western Victoria to be in full production by the end of the year. The Bulgana Green Energy Hub features a 194MW wind farm supported by a 20MW/34MWh Tesla battery, and was expected to come […]
IEEFA
Renew Economy: Australia’s biggest energy retailer Origin Energy has announced a massive impairment of $1.6 billion after deciding to write down the value of its coal and gas assets, and also taking a hit on the value of its renewable energy contracts. Origin says the write downs are the result of falling wholesale prices – […]
IEEFA
Renew Economy: The newly appointed head of the Australian Energy Market Operator says he wants the country’s main grids to be able to handle periods of 100 per cent renewable energy penetration by 2025. In his first speech since taking up the role in mid-May, Daniel Westerman will plead for the industry to work together, […]
IEEFA
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 […]
IEEFA Australia: Coal plant closures imminent as renewable energy surges
Several coal power plants in the National Electricity Market likely to be financially unviable by 202524 February 2020 (IEEFA Australia): Several of the 16 coal power plants in the National Electricity Market (NEM) will be financially unviable and at least one is likely to face closure several years sooner than planned due to coal plants’ poor flexibility and inability to adapt to a rapid influx of renewable energy, finds a new […]