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.
A report from Australia’s Energy Networks Association (ENA) suggests that removing the Renewable Energy Target (RET) and replacing it with "technology neutral" alternatives would be a more economical approach to reaching emissions reductions targets.