No new gas is needed for electricity generation under any of AEMO’s ISP scenarios, and wind and solar power is assumed to provide more than 100 per cent power.
Spark Infrastructure excited by ISP and REZ plans that are set to create massive new opportunities, including a $1 billion renewables portfolio.
Tesla chair welcomes AEMO’s Integrated System Plan message that batteries will be a cheaper and better option to support renewables than gas, as grid leaves fossil fuels behind.
AEMO says Australia is going to experience the most rapid energy transition in the world, like it or not, and it could deliver 94 per cent renewables 2040.
AEMO to be granted ability to incorporate state and federal climate change targets in network system planning.
AEMO to model “step change” in renewables, the only scenario in its 20-year planning blue-print that fits in with Paris climate targets.
In strong sign that the country’s energy market rule-makers and regulators are finally trying to keep pace with technology, AEMC flags a rule change in virtual light-speed.
Amid stand-off over the NEG, state and federal ministers took a major step forward on renewables integration by deciding to take action on AEMO’s 20-year blueprint, and got enthusiastic about Alan Finkel’s big ideas for renewable hydrogen.
Rooftop solar on Australian homes and businesses could account for 22 per cent of national demand and overtake the combined output of black and brown coal at that time.
ElectraNet proposes new link from S.A. that it says will unlock more low-cost renewable energy sources, reduce reliance on expensive gas, and help fill the gap caused by the retirement of more coal generators in NSW.