Solar PV and wind will continue to be the cheapest sources of new electricity generation capacity in Australia, even when integration costs are included, according to new research from the country’s science agency, CSIRO, and the Australian Energy Market Operator.
The rapid development of distributed and large-scale solar has resulted in an improved reliability outlook for the majority of Australia as it prepares to enter summer.
Ongoing project performance issues and tumbling power price forecasts cost renewables infrastructure investor John Laing £95 million (US$124.61 million) in the first half of the year.
Last week saw the publication of both AEMO’s Integrated System Plan and National Grid ESO’s Future Energy Scenarios, two documents which project the evolution of Australia and the UK’s national grids. Liam Stoker compares the two and identifies the mutual lessons to be learned.
Australia’s distributed renewables base could treble and more than 26GW of grid-scale renewables will be needed as the Australian electricity market evolves over the next two decades, a comprehensive review conducted by the country’s market operator has concluded.
What intends to be Australia’s largest solar farm has edged one step closer to deployment after its developer Neoen clinched a major offtaker agreement.
AEMO: System dominated by flagship renewable duo is technically possible within five years if country acts to redesign energy market along principles of flexibility and security.