ACT, NSW Greens visit Barnaby Joyce’s electorate to celebrate jobs and investment from renewables plan the deputy PM called “crazy”.
Articles by Giles Parkinson
Giles Parkinson is a journalist of 30 years experience, a former Business Editor and Deputy Editor of the Financial Review, a columnist for The Bulletin magazine and The Australian, and the former editor of Climate Spectator.
CSIRO and network owners say key driver of shift to 100% renewables will not be wind farms or solar parks, but rooftop solar and battery storage installed by homes and business. This can and should be done – but policy, and politics, need to change.
Victoria government wants two 20MW battery storage installations, with 100MWh of storage, in place by January.
The way electricity prices were set in the wholesale market has changed dramatically in just one year. So, who’s playing games with their gas and hydro power?
Solar power capacity has reached 6GW in Australia, but it is just the start, with numbers expected to double by 2020 and rise ten-fold by 2040 as solar becomes the dominant provider of electricity in Australia – and potentially an export fuel as well.
Plunging wind and solar costs put “hydrogen” economy at tipping point, with Australia urged to lay groundwork for opportunity to develop “green fuel” exports to replace coal and gas, a market potentially worth $40bn a year. ARENA likely to make it one of its key investment priorities this year.
Scenarios by Australian Market Operator suggest wind and solar could be capable of providing 80 per cent of South Australia’s electricity demand within 5 years.
A bulk-buy tender by big industrial users – fed up with soaring cost of electricity in South Australia, and the power of retailers – could open door to wind and solar and kick-start the corporate market for large-scale renewables in Australia.