Wind energy on Australia’s National Electricity Market achieved a new record in July, generating 1,067GWh for the month.
Pumped storage turbine design with a storage tank on the ocean floor offers efficiency comparable to conventional onshore systems.
The latest Cedex report finds the total amount of electricity supplied by Australia’s coal-fired generators at its lowest level in the history of the NEM. But while the report links the introduction of the carbon price to falling emissions and rising renewables output, the reduced demand for coal looks more like the new normal.
New research from UNSW shows that a medium-level carbon price of between $50-$100 would be sufficient to see all fossil-fuelled power stations in Australia’s National Electricity Market phased out and replaced ‘economically and reliably’ with commercially available renewable energy technologies.
IEA report charts path for doubling of global hydroelectricity output, urging developing economies to tap significant renewables growth potential.
State-owned energy company posts operating profit of $103 million for FY2011-12, predicts $140m boost from increased generation and carbon price.