South Australia Liberal government says it expects state will be “net” 100 per cent renewables by 2030, heralding the most dramatic shift towards wind and solar and storage technologies of any major grid in the world.
Japanese utility and hydro specialist J-Power takes $25m stake in Genex Power, to help deliver the pumped hydro component of the Kidston solar and storage project.
Queensland explores potential to convert state’s water storage dams into hdyro-power generators, after switching back on Somerset Dam and Hydro Electric Plant.
New big batteries lower costs in frequency markets, and cash in on morning and evening peaks, while pumped hydro still struggles to make money in spot market.
Hawaii is looking to phase out fossil fuels altogether, and it will be renewable and storage systems like these that replace it.
AGL wins tender to use an old copper mine near Adelaide to provide 250MW of pumped hydro capacity and eight hours of storage, and help the shift from fossil fuels in the grid.
Coalition has been insisting controversial Brian Fisher report uses storage costs based on ARENA modelling. Not so, says ARENA boss, who says storage costs are significantly less.
No new coal plant made the Coalition’s shortlist for new generation, although Morrison has bowed to the far right and agreed to a feasibility study for Queensland coal plant.
Genex Power completes acquisition of 50MW Jemalong project in NSW, in bid to diversify, boost earnings, as flagship Kidston solar and pumped hydro storage project progresses.
Coalition gives green light and another $1.4 billion of taxpayer money to Snowy 2.0, but it will take a dramatic shift in renewables to make the project work.