Joe Hockey refuses to endorse support for renewable energy, saying he had only just received the Budget Papers. Meanwhile, Coalition politicians are said to have signed up to speak at an anti-wind rally outside Parliament House.
Australian network operators say growing penetration of rooftop solar is cutting volumes, but its revenues are up because it can charge more to its customers. Can anyone see where this is headed? Network operators no longer have a licence to print money. Even market analysts have a sell recommendation.
ARENA has suffered a 5 pct cut in funds, and had a further $370 million in funding deferred. However, the agency says the “reprofiling” may suit its investment plans, as it considers tariff support and contracts for difference to augment one off grants. And it is about to launch a new $400 million off-grid and remote renewables investment program.
WA’s new energy minister doubts the fact of climate change, is pro-nuclear, thinks brown coal is clean, hates windmills and says solar is too expensive. He also thinks a ‘negawatt’ is an activist plot. Given that Australia now has a full house of backward-thinking, conservative energy Czars, what chance do renewables have in this country?
PacHydro to formally launch retail arm this week. Plus Saudi seeks funds for renewables ramp-up; Japan’s no-nukes deadline; and UK hits wind record.
The Baillieu government’s planning laws to restrict wind farm development pose a barrier to achieving national renewable energy goals.
Calls for a ‘free-market’ approach to clean energy development are pure hypocrisy. Why hold renewables to different standards than fossil fuels?
A Thai engineer is developing small, light wind turbines to suit the nation’s low wind speeds. But will Thailand, and others, recognise the benefits?
A new report released by Deutsche Bank says the global coal market faces a combined threat of steadily growing supply and a levelling-off or decline in demand. A threat, it says, that should guide rational decision-making to delay all major expansion. But will governments really act rationally?
Latest dam approval means hydroelectric power is anticipated to boost China to 15% renewables by 2020.
$7.3bn private equity fund Denham Capital has invested $75m in 1GW of Australian wind projects, attracted by wind energy generation that is cheaper than that from new-build fossil fuels. Meanwhile, CSIRO spin-off Windlab Systems seeks its growth opportunities abroad, where policy matches demand.