Western Australia, Australia

IEEFA Research

IEEFA Australia: COVID-19 Advisory Board wants government to subsidise failing gas industry

IEEFA Australia: COVID-19 Advisory Board wants government to subsidise failing gas industry

Gas usage for gas powered generation has declined by 58% since 2014

28 August 2020 (IEEFA Australia): Proposals for providing long term subsidies to the flailing gas industry have the potential to cause significant long-term economic damage to Australia, finds a new report by energy thinktank, the Institute for Energy Economics and Financial Analysis (IEEFA). The National COVID-19 Commission (Advisory Board) (NCC) led by Western Australian gas […]

IEEFA: 50 new green hydrogen projects show Europe, Australia, Asia are lead players but US$75 billion in costs and government inaction could create delays

The green hydrogen industry needs more government backing to reach demand goals

24 August 2020 (IEEFA): The renewable rich green hydrogen industry is accelerating with 50 new projects announced in the last year including five just last month, but a new report by the Institute for Energy Economics and Financial Analysis (IEEFA) finds the pace is not fast enough to meet global energy demand, with massive capital […]

August 24, 2020 Read More →

IEEFA: Australia’s gas industry was already failing before COVID-19

A gas-led recovery is a short-term recovery and only for the gas industry

4 June 2020 (IEEFA Australia) ‒ Instituting a structurally broken U.S. business model as Australia enters the first recession in 30 years will cause the country even more pain as lockdown eases, finds a new report by the Institute for Energy Economics and Financial Analysis (IEEFA), Gas Cannot Stimulate the Economy, Reduce Emissions, or Provide […]

IEEFA: Volkswagen lied about emissions from their vehicles, and the gas industry is also lying about their emissions

5 March 2020 (IEEFA Australia): The gas industry is misleading government, investors, customers and the broader population about the amount of carbon dioxide and methane emissions being released during production, supply and distribution of both conventional or ‘natural’ gas and its product for export – liquefied natural gas (LNG), finds a new report out today […]

IEEFA report: Gas reservation policy would reduce electricity prices in Australia

IEEFA report: Gas reservation policy would reduce electricity prices in Australia

Households to save $270 per year if the government finally intervenes and breaks up the cartel

July 9, 2019 (IEEFA Australia)  ̶  Domestic gas prices in Australia have become unaffordable for households, industry, and electricity production, while internationally, Australian gas prices are higher than the most expensive markets in the world, concludes a new report out today. Calling on the Australian government to implement a gas reservation policy, the new report, […]

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Danish investor CIP signs on to Western Australia green hydrogen project

PV Tech: A Western Australian renewable hydrogen facility that will be powered by 5GW of solar PV and onshore wind has secured the backing of Danish investment firm Copenhagen Infrastructure Partners (CIP). Announced in October last year, the Murchison Renewable Hydrogen Project will be constructed near the town of Kalbarri in the mid-west of Western […]

November 17, 2020 Read More →

Western Australia government approves proposed 15GW solar and wind project

Argus Media: The Western Australia (WA) state government has approved development of a 15,000MW solar and wind project, which will export electricity to Indonesia and supply the WA iron ore sector. The project, in the Pilbara region of the state, is the first stage of the proposed Asian Renewable Energy Hub (AREH), which is targeted […]

October 19, 2020 Read More →

Western Australian government seeks developers for 1.5GW renewable hydrogen project

Renew Economy: The West Australia government has put out a call for expressions of interest to develop a massive new 1.5GW renewable energy hydrogen hub in an industrial estate some 435kms north of Perth. The EOI was announced late on Friday by the McGowan Labor government, which is looking for proposals for the Oakajee Strategic […]

September 21, 2020 Read More →

Neoen moving forward with largest wind, solar, storage hybrid project in Australia

Renew Economy: A $3 billion renewable energy hub in South Australia will begin construction within the next two years after French-based developer Neoen landed a contract for the first 100MW of wind capacity with the ACT government, with a record low price for Australia. The $3 billion Goyder project is one of the most ambitious […]

September 9, 2020 Read More →

IEEFA: American vulture funds prepare to feast on Australia’s Bluewaters Coal Power Station

Western Australia needs a formal transition plan to meet its 2035 thermal coal exit date

Elliott Management Corporation, the infamous U.S. based vulture fund manager, has hired law firm Corrs Chambers Westgarth “to control the destiny of the Bluewaters Power Station”. Advisory and investment firm KordaMentha has also been reportedly retained by other debtholders to restructure the troubled company.  The 466 megawatt (MW) Bluewaters Power Station is jointly owned by […]

September 4, 2020 Read More →

IEEFA: Grid scale battery costs have reached a tipping point

More battery storage equals less gas

Batteries are usurping the role of gas in the power system. Grid scale battery usage is increasing rapidly, and battery cost deflation is faster than wind or solar.  Gas companies are finally starting to see this transition, and to act. AGL Energy, a company whose very name is synonymous with the gas industry and who […]

September 4, 2020 Read More →

Oil exploration company Pilot Energy proposes 1,100MW offshore wind farm in Western Australia

Renew Economy: Oil and gas explorer Pilot Energy is to commence a feasibility study into a massive 1,100MW offshore wind project, to be located on the Western Australian coast, and form part of a major wind and solar energy hub as the company looks to diversify its business outside of the fossil fuel sector. The […]

September 4, 2020 Read More →

Rising rooftop solar output pushes demand on Western Australia’s grid to all-time low

Renew Economy: The West Australia grid has set a new record low for minimum demand as rooftop solar continues to increase its share of generation, and the government announces it is reshaping solar export tariffs to encourage storage, electric vehicles and west facing solar panels. The new low was set on Sunday, just after noon […]

September 1, 2020 Read More →
IEEFA Australia: COVID-19 Advisory Board wants government to subsidise failing gas industry
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IEEFA Australia: COVID-19 Advisory Board wants government to subsidise failing gas industry

Gas usage for gas powered generation has declined by 58% since 2014

28 August 2020 (IEEFA Australia): Proposals for providing long term subsidies to the flailing gas industry have the potential to cause significant long-term economic damage to Australia, finds a new report by energy thinktank, the Institute for Energy Economics and Financial Analysis (IEEFA). The National COVID-19 Commission (Advisory Board) (NCC) led by Western Australian gas […]

IEEFA: 50 new green hydrogen projects show Europe, Australia, Asia are lead players but US$75 billion in costs and government inaction could create delays

The green hydrogen industry needs more government backing to reach demand goals

24 August 2020 (IEEFA): The renewable rich green hydrogen industry is accelerating with 50 new projects announced in the last year including five just last month, but a new report by the Institute for Energy Economics and Financial Analysis (IEEFA) finds the pace is not fast enough to meet global energy demand, with massive capital […]

August 24, 2020 Read More →