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.
A new report released by the Australian think tank Race for 2030 has called on the Federal government to provide additional investment and incentives to support consumer energy, such as solar PV, and its role in a decarbonised society.