Home Archive by category "Renewable Energy" (Page 2)

Category Archives: Renewable Energy

Does rapid renewables expansion mean higher electricity prices?

Perhaps one of the many points coming out of the Grattan Institute’s latest report is the idea that rapid expansion of renewable capacity must necessarily mean higher electricity prices. But what has been the experience in Europe over the last five years during which there has been a rapid expansion of renewable capacity in most European countries? The Council of European Regulators compiles useful information on retail and wholesale electricity prices. Here is a table compiled from their data, which shows their estimate of average wholesale electricity prices (in Euros per MWh) in 2008/9 and 2014 in various European countries. …

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Renewables are getting cheaper all the time – here’s why

The stars are aligning for Australia to transition to 100% renewable electricity. Our fossil fuel infrastructure is ageing, which means we will soon need to invest in new power generators. New technologies such as battery storage could revolutionise long-standing business models. With care, the transitions away from fossil fuels could offer greater job opportunities. Our latest research, which corroborates previous work, shows the technology already exists to solve many of the remaining questions around technological capability. For instance, the fact that wind and solar don’t generate electricity when the wind isn’t blowing and the sun isn’t shining can be dealt with by …

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Why sharing may be future of energy

Two years ago, NSW solar installer Geoff Bragg had a vision. “Imagine a system where one customer could sell energy to another customer, via the Distribution Network Service Provider, who ‘clips the ticket’ for transferring the energy,” he wrote in an article published on RenewEconomy in March 2014. “Anyone with a smart meter could join the market as a buyer or seller,” Bragg wrote. “…If that sounds difficult to do, remember this is an IT and accounting exercise (the physics is sorted already). Think about peer-to-peer file sharing… It would be a piece of cake for a handful of the right …

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Solar uptake spikes on farm & in rural industry in Tasmania.

Tasmania’s uptake of solar power is up 25 per cent, whilst the nationally solar uptake has fallen by 24 per cent over the same period. The figures come from the government agency, the Clean Energy Regulator (CER), that documents the issue of solar certificates nationally. Solar power advocates Solar Citizens said the data revealed the trend reversal. Consumer campaigner with Solar Citizens, Reece Taylor said in the first five months of this year the uptake of small scale solar in Tasmania had been up by at least 25 per cent and could be higher because of the lag in CER …

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NT Labor proposes 50% renewables by 2030 ahead of election.

The Northern Territory Labor party has promised to adopt a renewable energy target of 50 per cent by 2030, in new policy detail released ahead of the NT’s August 27 election that they are expected to win easily. The proposed target would put the NT in line with most other Labor state’s and territories in Australia – as well as federal Labor – and puts it ahead of the federal Coalition government, which is aiming for just 23 per cent renewables in 2020, with no target set for beyond that date. Giles has also weighed in on the South Australian …

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People power is the secret to reliable, clean energy.

Australia’s energy watchdog, the Australian Energy Market Operator (AEMO), has issued a stark warning: more wind and solar power will demand new approaches to avoid interruptions to electricity supply. In its annual Electricity Statement of Opportunities, released this week, AEMO indicated that the overall outlook for reliability has improved. So far, so good. However, South Australia, Victoria, and New South Wales are potentially at greater risk of interruptions within ten years if the current trend of shutting down old coal-fired power stations accelerates, as we can expect from Australia’s efforts to meet national and international climate targets. The threat of power blackouts is reliable …

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Renewable energy fixing the gaps

Renewable energy – South Australia is in the forefront of Australia’s transition to a low carbon economy. The July 2016 experience in that state has raised questions about the effects of high and increasing proportions of renewable energy, gas policies, and the design of the National Electricity Market. An immediate answer is grid-scale batteries, which are being deployed in other developed countries to balance increasing volumes of wind and solar energy as reported by Ross Garnaut. The Australian government’s participation in the December 2015 Paris agreements implicitly commits us to zero net emissions in electricity by the middle of the …

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Renewable Energy Entrepreneurs

Renewable Energy Entrepreneurs: Why and how to become an Renewable Energy Entrepreneurs is discussed by Isabele Hernandez. The world as we see it is inflicted with agony. Under the clouds of human-inflicted jeopardies, we often tend to forget what kind of natural disasters await us in the coming years. The rising temperature of the atmosphere, unnatural frequency of earthquakes, mass deformities in child-birth – all of these are signs, signs which tell us something is not working right. Scientists and researchers of various subjects agree that human species are consuming their reserve of fossil-energy way too early. The alternate options …

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Renewable energy fund: QIC, Future Fund back AGL

Renewable energy fund: Queensland Investment Corporation and the Future Fund are set to become major players in the race to meet the renewable energy target, backing a $2 billion-$3bn fund with diversified energy group AGL that will build up to a fifth of the new capacity needed. QIC and the Future Fund will tip $800 million into a fund that plans to build 1000MW of new wind and solar farms along the east coast in a deal that breaks a long-running deadlock between investors and energy retailers. AGL chief executive Andy Vesey said the fund, to be announced today, will …

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Boost to renewable energy target

Renewable Energy: Ross Israel from QIC and Andy Vesey from AGL Energy are the new breed of renewable energy evangelists. They view Australia’s renewable energy target as an opportunity to generate a mainstream discussion about decarbonisation of Australia’s power generation, while at the same time pioneering new methods of financing for large scale solar and wind projects as reported by the Financial Review. Vesey, who is chief executive of AGL, believes Australia is yet to seriously address the fundamental question of how to solve the problem of an oversupplied energy generation market. He takes every opportunity in public forums to …

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