Innovation Energy Summit Highlights Energy Future in Australia

Recently, the Australian Renewable Energy Arena (ARENA) hosted a series of talks at the “Innovating Energy Summit.” The summit’s primary theme was “Powering Australia’s Future.”

New Report Promotes Implementation of Clean Energy Target

According to a new Grattan Institute report, Australia should begin a new method to guarantee reliable and stable electricity supplies.

Telstra, Macquarie Consider Building New Solar and Wind Farms

Telstra and Macquarie Group are considering of establishing new wind and solar farms in Australia, proving that investments in renewables are progressing in the initiative to meet the renewable energy targets.

CEFC, Macquarie to Offer Finance Discounts For Electric Vehicles and Energy Efficiency Upgrades

The Clean Energy Finance Corporation (CEFC) and Macquarie Leasing have partnered to boost the use of electric vehicles in Australia via the new $100 million asset finance program.

Wind Farms Construction in Victoria to Create Thousands of Jobs

Over 20 new wind farms are being constructed or are waiting for final approval in Victoria, a positive sign that Australia’s wind farm construction is moving along.

Australia’s Grid Challenged by Increased Security Risk – AEMO Report

As Energy Matters reports, the “2017 Electricity Statement of Opportunities” report published by the Australian Energy Market Operator (AEMO) states that the grid “does not have the energy reserves it once had.” Therefore, grid stability must come outside the conventional frequency response security from the coal-fired turbines.
Purpose and Scope
According to the report, the purpose of the study is to give details to market participants to aid them in making informed decisions related to investment potential in the National Electricity Market (NEM). The latest Electricity Statement of Opportunities (ESOO) is based on the previous ESOO and patterning renewable generation builds to satisfy the proposed and present renewable energy targets in the NEM.
Furthermore, the report examines the possible generation outage events that may affect the supply reliability. This helps in determining the limitations which the short-term plans and solutions can do to solve supply shortage and find out various market opportunities in order to increase generation.
Generation Assumptions
According to the report, there are three paths for renewable generation builds in the NEM in the 2017 ESOO:
* Committed and existing generation – This assumption integrates all existing generation in the NEM and new generation that meet the commitment criteria of AEMO. Advice on commitments and retirements is founded on present industry advice.
* Concentrated renewables – This scenario presumes possible additional development after 2020 are centered specifically in Victoria due to the Victorian Renewable Energy Target (VRET).
* Dispersed renewables – This premise assumes developments are determined by national targets that deliver a more balanced geographic spread of renewable generation across the NEM, which results in a greater penetration of renewables than is achieved if they are centered on a specific location or region.
The analysis published by the AEMO establishes that renewable generation can render essential support in order to maintain reliability even without firming capability. “However, if this renewable development was to lead to the earlier retirement of existing thermal generation, the risk of USE would increase without additional firming capability,” the report states.
For the full report, click this link.

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Newcastle Solar Farm Expected to Drive Council’s Renewable Energy Generation Capacity

A new proposed 5 megawatts solar farm at the Summerhill Waste Management Centre is expected to be a beneficial addition to the Newcastle City Council’s renewable energy generation capacity.

Tesla Reveals Single Powerpack Project Installed in Rockhampton, Queensland

Tesla has revealed a new Powerpack project in Queensland where they installed only one Powerpack with its own commercial inverter.

New South Australia Battery to Help Cut Energy Costs

A new battery system to help strengthen South Australia’s energy supply is set to be installed on the Yorke Peninsula.

Victoria State Labor Government Presents New “Hybrid” Contracts for Solar and Wind Farms

A new “hybrid” contract is being proposed by the Victoria state Labor government intended for its 650-megawatt large scale renewable energy auction.