Record Renewable Output Lowers Costs, Emissions - Australian Energy Market Operator
NEM achieved a new milestone with renewable resource supplying a record-breaking 66 percent, AEMO reported National Electricity Market (NEM) covers all areas of Australia except Western Australia as well as the Northern Territory
Apr 28, 2023 // Markets & Finance News, AEMO, NEM, Australian Energy Market Operator, national electricity market, AGL Energy Ltd
ARENA financing enables New South Wales battery project to meet 300MWh ambition
Freshly revealed financing support from the Australian Renewable Energy Agency (ARENA) is enabling the development of an intended large-scale battery project in New South Wales.
Jul 11, 2022 // Storage, Australia, NEM, Oceania, new south wales, ARENA, edify
Solar growth continues to erode coal market share in Australia as prices soar
Solar PV and various other renewables represent more than a third of electricity generation in Australia's National Energy Market (NEM) in Q1 2022, coal's share slipping by five percentage points year-on-year.
May 17, 2022 // Markets & Finance News, UTILITY-SCALE SOLAR, Australia, AEMO, NEM, Oceania, national energy market, distributed generation, grid transmission
EnergyAustralia to take 180MWh of battery storage right into the NEM for Edify Energy
Energy generator as well as store EnergyAustralia will manage and also run 2 large-scale battery energy storage systems (BESS) in a portfolio in growth by Edify Energy.
Apr 13, 2022 // Storage, TESLA, Australia, NEM, Oceania, new south wales, Optimisation, national electricity market, EnergyAustralia, arbitrage, fcas, trading
Net metering expert slams California's 'regressive' rooftop solar policy proposals
Proposed net metering (NEM) rules in California that would certainly add a US$ 8/kW per month grid access fee for domestic solar systems have actually been described as "regressive as well as inaccessible with reality" by a NEM policy expert.
Jan 14, 2022 // Residential, Storage, Policy, Rooftop PV, California, USA, Elon Musk, NEM, CPUC, California Public Utilities Commission, North America, electric vehicles, Gavin Newsom
Victoria introduces second renewables auction of 600MW, with more powerful network needs
The Australian state of Victoria has launched its second Victorian Renewable Energy Target (VRET) auction for 600MW of energy projects, which will include strengthened network demands to ensure projects can be easily linked to Australia's grid.
Sep 1, 2021 // Plants, Commercial, Markets & Finance News, Grids, Policy, Victoria, tender, AEMO, auction, NEM, grid connection
Renewables can fulfill all electricity demand in Australia at certain times of day by 2025
Accelerating release of utility-scale solar as well as wind means much of Australia can have adequate eco-friendly generation to fulfill 100% of consumer demand at specific times of the day by 2025.
Aug 31, 2021 // Markets & Finance News, Australia, AEMO, NEM, rooftop PV, Oceania, Daniel Westerman
Octopus to release Fluence's automated prospective buyer software for Australian solar farm
Octopus Investments Australia has deployed Fluence's AI-powered trading platform to optimize the result of its 333MW Darlington Point Solar Farm in New South Wales (NSW).
Aug 10, 2021 // Software, Australia, NEM, Oceania, Fluence, machine learning, octopus investments
World's 1st Solar-Hydro Plant for Longer Duration Energy Storage: ARENA
On behalf of the Australian Government, the Australian Renewable Energy Agency (ARENA) has today announced $15 million in funding to RayGen Resources Pty Ltd (RayGen) to construct its very first of a kind 'solar hydro' nuclear power plant making up 4 MW of solar PV generation and 3 MW/ 50 MWh (17 hours) of dispatchable storage ability in north-west Victoria.
Jun 10, 2021 // Plants, Storage, Australia, NEM, Oceania, ARENA, Renewable Energy, national electricity market, Australian Renewable Energy Agency, solar hydro power plant
Risen Australia sells 120 MW of rooftop panels in one year
Chinese PV module maker Risen Energy says it has achieved its highest jump in solar module sales in the Australian market in a one-year period.
Aug 9, 2019 // Manufacturing News, Plants, Large-Scale, China, Australia, rooftop, PV module, NEM, Risen Energy, Eric Lee, Yarranlea Solar Farm, John Zhong
Hawaii’s Trailblazing Solar Market Continues to Struggle Without Net Metering
Hawaii’s residential solar market continues to contract, a phenomenon the industry largely attributes to policy changes that went into effect after the state ended net energy metering in 2015.
Aug 8, 2019 // Plants, Residential, Tariffs, Policy, Sunrun, Hawaii, HSEA, Will Giese, NEM, Marco Mangelsdorf