Australia's National Energy Guarantee (NEG), which has been waived through for a final decision in August, would significantly harm the country's large-scale renewables pipeline, with just 1.5GW expected to be completed by 2025 despite the current 16GW pipeline, according to the head of the country’s solar and storage council.
Reports have emerged suggesting that the Turnbull government of Australia is pondering an alteration of the newly proposed Clean Energy Target (CET) to support baseload coal over wind and solar, prompting concern from some industry bodies while others have brushed off the perceived threat.
In a major energy strategy upheaval, the South Australian government is providing significant funding to support energy storage projects, starting with a 100MW grid-connected battery that will be the largest in the country.
Investment confidence has rebounded in utility-scale Australian renewables with more than 20 projects under or about to start construction this year, according to analysis from the Clean Energy Council (CEC).
Australian investment manager QIC is to invest AU$800 million (US$598 million) and power firm AGL is to provide AU$200 million of cornerstone equity for a major partnership in the development of large-scale renewable energy infrastructure in Australia.