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(VPPA) with Salesforce for the 200MW Blue Grass Solar Farm in Queensland, Australia. For Salesforce, it is the initial renewable energy offtake contract in the

coronavirus (Covid-19) break out in China can have a months-long effect on the Australian solar field, with PV module accumulations most likely to be worn down

Australia needs an enthusiastic long-lasting Renewable Energy (RE) Target policy to open future investments, according to research study firm Wood Mackenzie. The share of renewables in the country's National Electricity Market (NEM) power generation mix is expected to increase to 41 percent by 2030, from its current share of 21 percent, a number which has actually exceeded the RET. The RET looks for 20 percent of power generation to come from large-scale renewables from 2020 through to 2030 and is developed to make sure that at the very least 33,000 gigawatt-hours (GWh) of Australia's electricity comes from eco-friendly resources by 2020. This yearly target will stay up until the scheme finishes in 2030. Wood Mackenzie elderly analyst Rishabh Shrestha claimed "Australia does not have a government lasting nationwide power mix target like several other nations. The RET plan, alongside government financing, has actually resulted in the renewables boom over the last couple of years. Equipment expense decreases have actually remained to be a precursor for development. However the grid has been pressed to its restriction making future eco-friendly cash flows tough to determine and stifling development. " There is absolutely area to attain even more renewables infiltration with a much more enthusiastic target for the RET plan, however the possible requirements to be opened with grid adaptability investments. A collaborated federal push would be effective." The report discovers that at the same time Australia could supply USD 40 billion of power generation investment opportunity this years. Close to two-thirds of capex are expected to move right into new-build renewables by 2030, with equal quantities entering into wind and also solar. The remaining USD 14 billion will be invested in nonrenewable fuel sources with gas accountancy for over 90 percent of tasks. Based on the author, Australia is at a critical point today, as well as investment decisions in the next couple of years will play a vital role fit the role of dispatchable generation which will be the demand of the hour as coal retirement snowballs. While renewables (onshore wind as well as utility-scale solar) are already affordable against coal and gas, the competitiveness will certainly widen as renewables come with a discount rate of near 50 percent by 2030. However, grid as well as profitability problems limit renewables development. Gas supplies grid flexibility yet is significantly being endangered by various other storage space technologies. Shrestha discussed that "while storage space works for managing intermittency on the scale of a couple of hrs, it is still much from being able to supply the multi-day or even multi-month backup that gas devices supply. In case of a big plant or transmission line interruption, a system depending greatly on renewables and storage looks vulnerable. More storage is required, but it will certainly not solve all the problems which are causing a slow-down in wind and also solar financial investment in Australia."

energy developer OX2 AB has sold a 119-MWac solar project located in Victoria, Australia, although the buyer's identity remains undisclosed. OX2 will manage the

facility capable of generating 275MW has been greenlit by the South Australian government.   French developer Neoen’s Crystal Brook Energy Park

Green Power Australia has acquired a 1-GW hybrid renewables project in New South Wales from UK renewables group RES. The project, named Tallawang, includes a

which highlights "substantial" infrastructure projects being established in Australia in an initiative to urge public and also private financial investment in

approval for a 100-MW/400/MWh battery energy storage system project in Western Australia's Merredin Shire. The AUD-220-million project will involve the construction of

the Uaroo Renewable Energy Hub, a 5.4-GW renewable energy complex in Western Australia. The project included plans for 340 wind turbines, solar photovoltaic (PV)

Acciona is set to start building the 380MW Aldoga solar project in Queensland, Australia, in early 2024. The AUD 500 million project will create 350 jobs in the

power in Australia is a rapid growing market. Since September 2021, the country had actually an installed photovoltaic capacity of 23,466 MW, of which at least

Australia will launch a 6 GW renewable energy tender in May, the largest single auction of its kind in the country. The tender will support the National Electricity Market and is part of the expanded Capacity Investment Scheme, targeting 32 GW of dispatchable and variable capacity nationwide. New South Wales will be the largest beneficiary, with at least 2.2 GW of capacity reserved for the state.The tender will replace a planned generation Long-Term Energy Service Agreements tender in New South Wales, allowing projects to participate in the CIS round. Additionally, the state will hold tenders for long-duration storage infrastructure and access rights to its Renewable Energy Zones. Western Australia will also open tenders mid-year for 500 MW of dispatchable power through storage, as part of Australia's efforts to reach its 82% renewable energy target by 2030. What are the details of Australia's upcoming 6 GW renewable energy tender? The 6 GW renewable energy tender in Australia is set to launch in May, making it the largest single auction of its kind in the country. The tender is part of the expanded Capacity Investment Scheme, which aims to target 32 GW of dispatchable and variable capacity nationwide. New South Wales is expected to be the largest beneficiary of the tender, with at least 2.2 GW of capacity reserved for the state. The tender will replace a planned generation Long-Term Energy Service Agreements tender in New South Wales, allowing projects to participate in the CIS round. In addition to the renewable energy tender, New South Wales will also hold tenders for long-duration storage infrastructure and access rights to its Renewable Energy Zones. Western Australia will open tenders mid-year for 500 MW of dispatchable power through storage, as part of Australia's efforts to reach its 82% renewable energy target by 2030.

approval for an upgraded 70-GW renewable energy project in Western Australia, which aims to enhance green hydrogen production. The application has been

Australia National University has set a new efficiency record of 21.6% for a single junction perovskite solar cell measuring 1cm². The record was previously held by South Korea’s Ulsan National Institute of Science and Technology, which achieved 22.1% on a smaller perovskite cell in 2017 but topped out at 19.7% when scaled up to a square centimeter. The Best Research Cell Efficiencies chart published by the U.S. National Renewable Energy Laboratory has listed another perovskite cell, jointly developed by the Korea Research Institute of Chemical Technology and MIT, at 25.2%, but further details do not appear to have been published yet. “When they’re very small it’s difficult to measure them accurately and it’s not necessarily representative of what would happen if you scaled up,” said ANU associate professor Thomas White. “So our result is the highest on a scale that many consider the minimum: one square centimeter.” Engineered nanostructure The latest record setting cell relies on a specially engineered material with a nanostructure that enables high voltage and current. The Commonwealth Scientific and Industrial Research Organisation’s Photovoltaics Performance Laboratory certified Australia National University’s efficiency record. The ANU study received funding from the Australian Renewable Energy Agency. White went on to note the remaining challenge for perovskites is stability and proving they can match industry expectations for a 25 to 30-year operational lifetime. The associate professor said the university’s ultimate aim is to combine its perovskites into a tandem device with silicon – a target several companies are bringing closer to reality, with planned production lines ramping up in various locations.

and Australia are knitting their interests fairly highly when it concerns the growth in the field of renewable resource. In a key advancement, Australia's