Taxpayers to subsidise renewable energy projects as government concedes Australia set to miss targets
1 year, 4 months ago

Taxpayers to subsidise renewable energy projects as government concedes Australia set to miss targets

ABC  

The federal government is massively expanding a taxpayer-funded scheme to subsidise and underwrite new renewable energy projects, in an admission that Australia is not currently on track to reach its 2030 target for the power grid. Key points: The energy minister has conceded Australia is not on track to meet its 82 per cent renewables target A scheme to subsidise renewable energy projects is set to be significantly expanded Under the scheme, the Commonwealth underwrites new projects, removing some of the risk for investors Within seven years, the government wants 82 per cent of Australia's power to come from renewable sources, including wind, solar, batteries and pumped hydro — up from about 35 per cent now. "This will see Australia get to our target of 82 per cent renewable energy but will see our transition become more reliable," Mr Bowen said. Treasurer Jim Chalmers was the first to publicly acknowledge the government was on track to miss its 82 per cent target earlier this month when he warned: "We will need to do even more to secure sufficient renewable energy generation, transmission and storage to meet our ambitions." The biggest bottlenecks in the clean energy transition are the regulatory barriers and grassroots resistance to new transmission lines that are needed to connect far-flung renewable energy projects to consumers.

Energy Investment Power Commonwealth Projects Transmission Cent Miss Target Scheme Renewable Bowen Renewable Energy Projects Set Australia Capacity Investment Scheme  taxpayers  set  australia  transmission  target  cent  scheme  investment  targets  energy  renewable  power  subsidise  miss  concedes  projects

History of this topic

Government unveils plans to reform clean power schemes to speed up transition
1 month ago

Government unveils plans to reform clean power schemes to speed up transition

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. As the Government looks for ways to speed up …

UK on track to miss 2030 clean power targets, research suggests
2 months ago

UK on track to miss 2030 clean power targets, research suggests

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Forecasts from industry consultancy Cornwall Insight said the UK …

CSIRO's new GenCost report warns against nuclear power for Australia
3 months, 2 weeks ago

CSIRO's new GenCost report warns against nuclear power for Australia

Daily Mail  

A new report from the CSIRO has found nuclear energy does not stack up for Australia even after considering new parameters, with large-scale solar and big batteries still the lowest-cost option. In an official update released on Monday, as the federal opposition prepares to release its costings, Australia's leading science agency warns taxpayers will need deep pockets and a lead …

Elon Musk highlights major milestone in Australia and explains why it's set to be a major part of the world's future
4 months, 2 weeks ago

Elon Musk highlights major milestone in Australia and explains why it's set to be a major part of the world's future

Daily Mail  

Outspoken tech billionaire Elon Musk has pointed to a groundbreaking milestone in Australian solar power generation as he boldly predicted the future of the world's energy mix. Musk highlighted the rapid growth of rooftop solar in Western Australia, which accounted for an impressive 80.5 per cent of the state's electricity generation on Monday. Musk's company, Tesla, has been at the …

Clean energy to meet nearly half of world’s electricity demand by 2030
5 months, 2 weeks ago

Clean energy to meet nearly half of world’s electricity demand by 2030

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Nearly half of the world’s …

A small WA seaside town was forced to switch off gas, becoming a 'prototype' for the green energy transition
6 months, 1 week ago

A small WA seaside town was forced to switch off gas, becoming a 'prototype' for the green energy transition

ABC  

A couple of years ago, Sharon Vermiji got a rude shock when she opened a letter from her energy provider. "When we started the project, we were hoping to get Esperance to about 50 per cent renewable energy," Ms Unwin says. Ms Unwin says the transition off gas for many customers was "scary" – most were worried about losing something …

Australia 'wasting' record amounts of renewable energy as share of wind and solar soars
6 months, 2 weeks ago

Australia 'wasting' record amounts of renewable energy as share of wind and solar soars

ABC  

Australia is periodically producing such vast amounts of renewable energy that more than a quarter of the wind and solar power generated has to be wasted. Mr Eldridge said the new record, set amid warm temperatures and relatively low demand for power, was a hint of what was to come as Australia's energy system became greener. "Say a transmission line …

Union Budget 2024: Why energy and infrastructure sector need government attention
8 months, 1 week ago

Union Budget 2024: Why energy and infrastructure sector need government attention

Firstpost  

Union Budget 2024: As India hopes to become a five trillion-dollar economy over the next years, it would need to leverage all possible avenues to cement a strong foundation After achieving a fresh mandate for a third consecutive term, the NDA government is poised to present the Union Budget 2024 in the month of July. Overall infrastructure allocation Under the …

Households to do the heavy lifting in the clean energy transition under market operator's plan
9 months ago

Households to do the heavy lifting in the clean energy transition under market operator's plan

ABC  

In short: Australia's coal fired power stations are forecast to close by 2040 but there are "real risks" replacement wind and solar won't be built in time. Australia's coal fired power stations are forecast to close by 2040 but there are "real risks" replacement wind and solar won't be built in time. Australia's energy market operator has forecast nearly 80 …

Nuclear could fill a niche in Australia's energy mix, but renewables will need to do the heavy lifting, business leaders say
9 months ago

Nuclear could fill a niche in Australia's energy mix, but renewables will need to do the heavy lifting, business leaders say

ABC  

In short: Even if Australia's nuclear ban is overturned, energy sector leaders believe renewables will generate most of Australia's power in the future. Even if Australia's nuclear ban is overturned, energy sector leaders believe renewables will generate most of Australia's power in the future. Renewables will continue to do the heavy lifting for Australia's decarbonisation and energy generation, but some …

The federal government is making a billion-dollar bet on Australian-made solar panels. Some aren't convinced it'll pay off
9 months, 1 week ago

The federal government is making a billion-dollar bet on Australian-made solar panels. Some aren't convinced it'll pay off

ABC  

In short: The federal government hopes $1 billion in funding can transform Australia's tiny solar industry into a global competitor. Leading economists have poured substantial doubt on the idea — and argue cheap Chinese solar panels are an advantage as Australia builds industries like green hydrogen. And when the government's own Treasury Department put together a "national interest framework" for …

Regional property owners joining transition to renewable energy with solar farm land leases
9 months, 4 weeks ago

Regional property owners joining transition to renewable energy with solar farm land leases

ABC  

In short: A Riverland property owner has leased her land to host a large-scale solar farm for 40 years, and says unusable agricultural land could be repurposed for renewable energy projects. A Riverland property owner has leased her land to host a large-scale solar farm for 40 years, and says unusable agricultural land could be repurposed for renewable energy projects. …

‘Unprecedented’ energy record shows future of clean power, expert says
11 months, 1 week ago

‘Unprecedented’ energy record shows future of clean power, expert says

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy California has hit a new renewables record after exceeding 100 per cent of …

CSIRO survey finds most Australians want moderately paced energy transition and are unwilling to pay more
11 months, 2 weeks ago

CSIRO survey finds most Australians want moderately paced energy transition and are unwilling to pay more

ABC  

In short: The CSIRO has conducted what is says is the biggest survey on Australians' attitudes towards the energy transition. By comparison, "other priorities in people's top three" included Australia increasing its energy self-reliance, at 71 per cent, and the reduction of carbon emissions, at 56 per cent. "Many Australians held generally moderate attitudes towards living near renewable energy infrastructure, …

What’s slowing down America’s clean energy transition? It’s not the cost
1 year ago

What’s slowing down America’s clean energy transition? It’s not the cost

Al Jazeera  

For the first time, clean energy in the United States is at the same price as energy from burning fossil fuels thanks to policy measures, including President Joe Biden’s signature climate legislation, the Inflation Reduction Act. “Delays from litigation alone can kill a project,” noted Matthew Eisenson, the report’s author and senior fellow at the Renewable Energy Legal Defense Initiative …

Only three wind farms were connected to the power grid last year. Here's what's holding up Australia's clean energy transition.
1 year ago

Only three wind farms were connected to the power grid last year. Here's what's holding up Australia's clean energy transition.

ABC  

Like many things, solving the climate crisis is all about science and maths. But according to the Clean Energy Council, only three wind farms with a total of 115 turbines were commissioned and connected to grid across Australia last year. Analysis by law-firm Herbert Smith Freehills and the Clean Energy Investor Group found that for the last five years, the …

Community wind farms could be the key to slashing energy bills
1 year ago

Community wind farms could be the key to slashing energy bills

The Independent  

Sign up to the Independent Climate email for the latest advice on saving the planet Get our free Climate email Get our free Climate email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Community energy schemes using onshore wind to power heat pumps could cut household bills by …

India’s clean energy boom slows as new solar projects get delayed. Experts say it can pick back up
1 year, 1 month ago

India’s clean energy boom slows as new solar projects get delayed. Experts say it can pick back up

Associated Press  

BENGALURU, India — For years, renewable projects in India have been growing steadily, from small-town rooftop solar installations to large-scale projects across the desert and long stretches of wind turbines and solar panels on farmland all contributing to the country’s climate goal of transitioning to clean energy. It takes up to two years for solar projects to come online after …

Governments urged to take control of renewable rollout to combat community distrust
1 year, 1 month ago

Governments urged to take control of renewable rollout to combat community distrust

ABC  

In short : Australia's Energy Infrastructure Commissioner Andrew Dyer says developers are creating mistrust towards the renewable rollout in the regions. : Australia's Energy Infrastructure Commissioner Andrew Dyer says developers are creating mistrust towards the renewable rollout in the regions. "The potential for new transmission lines … has unleashed a plethora of wind and solar farm developers, descending on the …

Carbon sequestration and $25 billion green hydrogen projects in WA gridlocked by red tape
1 year, 3 months ago

Carbon sequestration and $25 billion green hydrogen projects in WA gridlocked by red tape

ABC  

Australia's pathway towards net zero emissions is being gridlocked by government legislation in parts of Western Australia, according to pastoralists attempting to host carbon sequestration and green energy projects on their properties. Key points: Pastoralists say green land use proposals on their properties are being hampered by red tape Both the state and federal governments say they want to have …

Australia inches closer to 2030 emissions target, amid debate over renewable energy push
1 year, 4 months ago

Australia inches closer to 2030 emissions target, amid debate over renewable energy push

ABC  

The government says Australia is on its way to hitting its 2030 climate targets as it faces criticism from conservation groups for support of fossil fuels. Key points: Australia is on track for a 42 per cent reduction in emissions by 2030, according to new government data The government announced a renewable energy scheme this week, targeting 82 per cent …

Australia to significantly bolster green energy investment
1 year, 4 months ago

Australia to significantly bolster green energy investment

Hindustan Times  

Australia plans to dramatically expand its policy to lure renewable energy investment to the country, Climate and Energy Minister Chris Bowen said, as concerns grow that the government is on track to miss its 2030 green energy targets. The center-left Labor government has expanded Australia’s action to tackle climate change since coming to power in May 2022. The government had …

The hints have been coming for a while, but now it's official: Australia isn't on track to meet its climate targets
1 year, 4 months ago

The hints have been coming for a while, but now it's official: Australia isn't on track to meet its climate targets

ABC  

The first official concession came three weeks ago. The engineering brain drain facing Australia's renewable energy sector Photo shows Aerial shot lookingn straight down at big battery project under construction The renewable energy sector says large investment is urgently needed to keep up with the United States' landmark IRA bill. On top of the soaring supply chain costs and higher …

Energy modeller Rystad says accelerated transition to clean technologies puts global climate goals 'within reach'
1 year, 4 months ago

Energy modeller Rystad says accelerated transition to clean technologies puts global climate goals 'within reach'

ABC  

One of the world's foremost energy modellers has forecast that temperature rises are set to be kept within 2 degrees Celsius of pre-industrial levels thanks to the rapidly advancing efficiency and affordability of clean technologies. Key points: Global energy modellers Rystad Energy have provided an upbeat assessment of progress towards decarbonisation The firm says the pace of clean technology development …

Why rooftop solar is so crucial for Australia's renewable energy targets
1 year, 4 months ago

Why rooftop solar is so crucial for Australia's renewable energy targets

ABC  

In 2003, a single set of solar panels is installed on a rooftop somewhere in the Centenary suburbs of Brisbane. Associate professor Anna Bruce from UNSW's Energy Institute says rooftop solar really took off in Australia about 2012 thanks to a culmination of events. "Australia could have solar on every building, regardless of whether it's a rental or an owner …

Coal-fired closure delay sparks calls that Australia's 'running out of runway' for green energy targets
1 year, 7 months ago

Coal-fired closure delay sparks calls that Australia's 'running out of runway' for green energy targets

ABC  

In the electricity industry, the complexity of the subject matter means analogies — or even cliches — tend to be unavoidable. Bill Johnston, WA's energy minister, announced that a big coal-fired power turbine would be kept online until April 2025, six months longer than planned. 'We've run out of time' Peter Kerr, of energy advisory ATA Consulting, said the islanded …

Unions concerned that Australia is falling behind internationally in developing energy industries
1 year, 7 months ago

Unions concerned that Australia is falling behind internationally in developing energy industries

ABC  

It has being dubbed a renaissance in American manufacturing. A once-in-a-generation opportunity The UTS Institute of Sustainable Futures last year found Australia needs 12,000 new workers in renewable energy by 2025. Ms O'Neil says it's all about framing Australia’s transition to a renewable energy manufacturing hub as a massive opportunity for new jobs. "National prosperity is sitting on a pretty …

Australia will fall well short of 82 per cent renewable energy by 2030, analysts predict, as problems mount
1 year, 7 months ago

Australia will fall well short of 82 per cent renewable energy by 2030, analysts predict, as problems mount

ABC  

Plans by the federal government for Australia to generate more than four-fifths of its power from renewable sources by 2030 are coming under pressure amid claims the country is way off track. Key points: There are increasing suggestions Australia will fall short of its 2030 renewable power target of 82 per cent Analysts predict Australia's share of renewable energy is …

UK risks wasting wind farms achievement without new links to grid, report warns
1 year, 7 months ago

UK risks wasting wind farms achievement without new links to grid, report warns

The Independent  

Sign up to the Independent Climate email for the latest advice on saving the planet Get our free Climate email Get our free Climate email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Great Britain risks wasting a major achievement if it builds massive wind farms and nuclear …

Gas power a critical safety net in energy transition set to cost 'trillions', study finds
1 year, 11 months ago

Gas power a critical safety net in energy transition set to cost 'trillions', study finds

ABC  

Australia's biggest power grid would need to triple in size within eight years and trillions of dollars would need to be spent, according to a report outlining the colossal task of achieving carbon neutrality by 2050. Key points: A landmark report has modelled Australia's pathway to carbon neutrality by 2050 The report found Australia's biggest grid will need to triple …

Billion-dollar brawl over power lines suggests Australia's energy transition is in full swing
1 year, 11 months ago

Billion-dollar brawl over power lines suggests Australia's energy transition is in full swing

ABC  

A little over a decade ago, in the heat of the political wars over carbon pricing in Australia, an embattled Gillard government tried to redirect public ire at rising power bills. Among the first cabs off the rank would be two in Victoria — the $300 million Western Renewables Link and the much bigger $3.3 billion VNI West project between …

Rooftop solar poised to become Australia's biggest power source amid coal's demise
2 years ago

Rooftop solar poised to become Australia's biggest power source amid coal's demise

ABC  

Rooftop solar is poised to overtake coal as Australia's biggest source of generation capacity, as the rapid pace of new installations accelerates the decline of fossil fuel-fired power. Key points: Industry body SunWiz says rooftop solar is poised to become Australia's biggest source by capacity The forecast tipping point will be reached when AGL's Liddell coal-fired plant closes in April …

AEMO warns of NSW power gaps within three years, calls for 'urgent' investment in grid
2 years, 1 month ago

AEMO warns of NSW power gaps within three years, calls for 'urgent' investment in grid

ABC  

New South Wales is set to bear the brunt of reliability risks in Australia's biggest electricity network as mass coal-fired power exits hit before sufficient replacement capacity can be built, the system operator has warned. Key points: AEMO warns of power "gaps" hitting NSW from 2025 and all states from 2027 The system operator says urgent investment is needed in …

Australia urged to boost clean energy spending over claims 'mammoth' US green subsidies bill a threat
2 years, 1 month ago

Australia urged to boost clean energy spending over claims 'mammoth' US green subsidies bill a threat

ABC  

Renewable energy developers and operators are warning that Australia's decarbonisation efforts risk being derailed because of "mammoth" green spending plans by the United States. Key points: The Clean Energy Council is pressing the federal government to boost renewable energy spending Call comes following the passage of landmark US laws to turbocharge America's energy transition There are warnings the US gambit …

Australia adding green energy at less than half the required rate to keep grid stable: UNSW
2 years, 1 month ago

Australia adding green energy at less than half the required rate to keep grid stable: UNSW

ABC  

Australia is adding renewable energy at less than half the pace required to replace retiring coal-fired generation and meet its own 2030 climate targets, one of the country's top energy experts says. Key points: University of NSW research shows the growth rate of green energy needs to more than double A senior researcher says grid stability is at stake as …

Tradie shortage could cripple governments emissions reduction targets, say researchers
2 years, 4 months ago

Tradie shortage could cripple governments emissions reduction targets, say researchers

ABC  

It might not feel like a 'green' job, but electricians are emerging one of the most crucial professions in Australia's transition to renewable energy. Key points: Electricians are one of the most crucial occupations in Australia's transition to renewable energy The workforce is already under stress Researchers say the renewables industry will need about 15,000 new workers within five years …

Queensland's clean energy and hydro power plan faces cost and delivery obstacles, experts warn
2 years, 5 months ago

Queensland's clean energy and hydro power plan faces cost and delivery obstacles, experts warn

ABC  

Energy experts have welcomed Queensland's "highly ambitious" clean energy plan — but will it turn the state into the "global renewable energy superpower" the premier promised? The plan is largely contingent on the Queensland "SuperGrid" – a network of renewable energy generators, energy storage devices and transmission lines that will be built across the state. "The total capacity of these …

Energy transition will lead to lower power prices but getting there could be costly, reports warn
2 years, 5 months ago

Energy transition will lead to lower power prices but getting there could be costly, reports warn

ABC  

After a turbulent year in the energy sector, two major reports released today have highlighted energy affordability as a significant challenge in Australia's transition away from fossil fuels to renewable power. Key points: The State of the Energy Market looks back on a year of change, including the unprecedented suspension of the wholesale electricity spot market in June It has …

Renewable energy projects are taking off but where is the workforce?
2 years, 7 months ago

Renewable energy projects are taking off but where is the workforce?

ABC  

The renewables industry has exploded in Victoria, with ambitious energy targets set by the state government and an abundance of job opportunities in the fledgling sector to be realised. Key points: Renewable Energy proponents and the state government are predicting more than 6,000 new jobs in Gippsland Australian Renewables Academy hopes to harness lower-than-average work participation rates to fill the …

Wind turbines almost twice size of the Sydney Harbour Bridge to be built off coast of Australia
2 years, 7 months ago

Wind turbines almost twice size of the Sydney Harbour Bridge to be built off coast of Australia

Daily Mail  

Hundreds of massive wind turbines turning blades more than 100-metres long will soon be installed off the coast at what were some of Australia's most picturesque spots. Six offshore wind turbine projects have been proposed, including off the coast of Victoria's Gippsland region, Bass Strait, the NSW Hunter and Illawarra regions, and near Perth and Bunbury in WA. Dozens of …

Australia 'on track' to generate half its electricity from renewable sources by 2025, report finds
2 years, 8 months ago

Australia 'on track' to generate half its electricity from renewable sources by 2025, report finds

ABC  

Australia is on track to generate half its electricity needs from renewable sources within three years, according to a report highlighting the extraordinary pace of change underway in the country's energy system. Key points: The Australian Academy of Technological Sciences and Engineering says the country's renewable energy share will rise to 69 per cent by 2030 The academy is calling …

Australia's energy transformation is ramping up, but there are major challenges ahead
2 years, 8 months ago

Australia's energy transformation is ramping up, but there are major challenges ahead

ABC  

Katherine Myers and her husband Ben are fifth-generation potato farmers. Key points: AEMO says five new transmission line projects should be progressed "as urgently as possible" Many experts and investors say the grid needs upgrading to meet renewable energy targets Hundreds of people in a regional Victorian community are campaigning against lines set to go through their town They live …

AEMO's plan to fix the broken energy system seems so simple, but it's likely to be anything but
2 years, 8 months ago

AEMO's plan to fix the broken energy system seems so simple, but it's likely to be anything but

ABC  

Woven throughout a blueprint for Australia's energy system is a term that needs little explaining — urgent. Finally, and perhaps most critically, AEMO is calling for the urgent construction of five high-voltage transmission lines required to bring so much of the planned renewable energy capacity to the people who use it. Few people with knowledge of the energy system would …

Australian power prices now 'among lowest in the world' as renewable energy drives costs down
3 years, 1 month ago

Australian power prices now 'among lowest in the world' as renewable energy drives costs down

ABC  

A flood of renewable energy has helped drive down household power prices to their lowest levels in almost a decade, according to a report which suggests Australia has some of the cheapest electricity in the world. Key points: Australia ranked 10th lowest among advanced economies for the average price of electricity Industry analysis finds power prices are their lowest in …

AEMO calls for funding hike as renewable energy levels send management costs soaring
3 years, 1 month ago

AEMO calls for funding hike as renewable energy levels send management costs soaring

ABC  

Costs incurred by the body that keeps the lights on across Australia's major electricity systems are skyrocketing as surging levels of renewable energy increasingly challenge the security of the grid. Key points: AEMO has asked for a 66 per cent increase in funding to manage WA's main electricity grid The proposal mirrors the situation on the east coast, where costs …

As Scott Morrison faces COP26, here's how Australia can solve its climate change mess
3 years, 4 months ago

As Scott Morrison faces COP26, here's how Australia can solve its climate change mess

ABC  

In Australia, we've spent the last 14 years watching our politicians knock each other off over it. We're going to outline how Australia's transition towards zero emissions could work over the next decade and what's happening now. We've still got a way to go, but already about 30 per cent of Australia's power every day is generated by renewables, and …

Offshore wind farm projects in the pipeline to accelerate new renewable energy sector
3 years, 6 months ago

Offshore wind farm projects in the pipeline to accelerate new renewable energy sector

ABC  

Offshore wind farms are tipped to become another source of renewable energy in Australia with about a dozen project applications submitted across the country. Key points: Australia has some of the best offshore wind resources in the world, according to one expert A $1.75 billion new offshore wind farm project is mooted for regional SA to generate capacity to power …

Electricity companies get green light to charge rooftop solar owners for exporting power to grid
3 years, 7 months ago

Electricity companies get green light to charge rooftop solar owners for exporting power to grid

ABC  

Power companies will soon be able to charge Australians with rooftop solar panels for exporting electricity to the grid, under new rules introduced by the Australian Energy Market Commission. AEMC chief executive Benn Barr said households selling their excess power back into the grid are putting increasingly unmanageable strain on a system that was not set up to be two-way. …

Expert says massive green energy hub project in WA 'could power Australia'
3 years, 8 months ago

Expert says massive green energy hub project in WA 'could power Australia'

ABC  

A giant green energy project on Western Australia's south coast that dwarfs the world's largest hybrid energy operation will have the capacity to produce the equivalent of enough power for the entire country, says one of the nation's leading scientists and sustainability experts. Key points: A leading scientist says the hub will power hydrogen and ammonia production The proposal is …

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