Australia’s 2022-23 Federal Budget has “missed the mark” when it comes to supporting the energy transition and has neglected investment in transmission infrastructure over investing in fossil fuels at a critical junction in Australia’s decarbonisation journey, said the Clean Energy Council (CEC).
The Australian state of New South Wales (NSW) has received applications for nearly 40GW of renewable generation and storage projects for its planned Hunter-Central Coast Renewable Energy Zone (REZ) amid huge interest in clean energy resources in the state.
Solar PV and other renewables accounted for a record share of electricity generation in Australia’s National Energy Market (NEM) in Q4 2021 at 34.9%, while average wholesale prices rose with the higher cost of fossil fuels despite their share of the energy mix shrinking.
The Australian state of New South Wales (NSW) has received proposals for more than 34GW of solar, wind and energy storage for its South-West Renewable Energy Zone (REZ), more than 10 times the likely capacity of the site.
Australian mining company Ark Energy has announced it is to acquire a 100% interest in utility-scale wind and solar energy developer Epuron Holdings Pty.
Australia’s electricity grid faces congestion and power security issues over the next few years as more solar energy capacity is installed at faster rates than previously expected.
