Mining giant Fortescue is to partner with Australian energy major AGL Energy to examine the potential of repurposing legacy coal assets for renewables-powered green hydrogen facilities.
Record-breaking power prices across Europe have turned the spotlight on the role fossil fuel plants play in generating electricity and how the transition to renewables-plus-storage could lower consumer bills.
Supply disruptions in the coal and gas sectors have contributed to record electricity costs across Europe, leading to calls for more support for renewables generation to mitigate future price rises.
Major system-wide benefits are obtainable for European power producers that quickly replace coal with renewable energy, from avoiding fuel and carbon costs to new power export opportunities.
Australian utility AGL Energy has proposed a structural separation of the company that would involve the creation of two separate businesses: one focused on energy retailing and the other on large-scale electricity supply.
Poland’s largest utility plans to develop 3GW of solar PV over the next ten years as it looks to ramp up decarbonisation efforts and become carbon neutral by 2050.
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.
Fossil fuel exposure lands energy majors in trouble with one-trillion-dollar GPFG, who is boycotting coal-heavy firms as part of climate shift that will see it back unlisted renewables.
The UK’s electricity system operator (ESO) National Grid turned down embedded generation using a new management service last weekend, but did not resort to emergency disconnection powers granted at short notice.
