The first tender for the South West Renewable Energy Zone (REZ) Access Rights in New South Wales, Australia, has seen interest from projects amounting to around 15GW of solar PV, wind and energy storage.
Due to a lack of state government support, Australian mineral exploration company Province Resources has shelved its multi-gigawatt solar and wind-powered green hydrogen project in Western Australia, HyEnergy.
Analyst firm BloombergNEF has cautioned that Australia requires around A$2.4 trillion (US$1.6 trillion) investment to reach net zero, with solar PV and wind installations to reach 290GW by 2050.
The Australian Energy Market Commission (AEMC) is set to integrate new rules surrounding consumer energy resources (CER) to exercise greater control over their use, aiding solar PV’s role in the electricity mix.