This month's energy market news covered a wide range of issues dealing with the energy crisis, and the many transition projects and policies underway.
The sections of the report are listed on the left of the page to assist with navigation and include:
- Gas market
- Policy & Regulation
- ARENA shortlist 3GW of batteries (6 July) A combined capacity of 3GW of Large Scale Battery Storage have been shortlist by ARENA for the $100m funding round.
- IEA warns of high solar PV industry bankruptcy risk (8 July) The International Energy Agency (IEA) has revealed that more than 30% of the integrated companies operating in the solar module manufacturing business worldwide are at medium or high risk of bankruptcy.
- Wyalong SF gets underway (8 July) The 75MW Wyalong Solar Farm has begun construction by Greek resources and renewables company Mytilineos and is expected to be operating later this year. NBN Co has a 10-year PPA with the project.
- Wind and Solar Farm Performance FY-21/22 (12 July) Our annual evaluation of the performance of wind and solar farms across the NEM has been completed and is available here. The renewable farms operating for the whole year have been measured in terms of revenue per MW which then reflects capacity factors, outages and time of day production. Coopers Gap WF was the best performing wind farm, while Kidston SF was the best performing solar farm across the NEM.
- Acciona to expand in Australia (13 July) Acciona is currently constructing Australia’s largest wind farm, the 1 GW MacIntyre complex in Queensland. The company’s chairman, José Manuel Entrecanales, announced the company plans to increase its Australian renewable capacity six fold, targeting 6 GW with an investment forecast sitting at $26 billion
- South Energy gets approval for Victorian Campbells Forest SF (15 July) South Energy said the Australian Energy Market Operator (AEMO) had provided Generator Performance Standards (GPS) approval for the 205 MW Campbells Forest Solar Farm being developed on a 360-hectare site near Raywood, about 20 kilometres north of Bendigo in central Victoria. The project also includes a 20 MW/20 MWh battery energy storage facility.
- Solar prices continue to fall (15 July) The average global price of solar kilowatt-hours fell 13% on 2020’s prices, as around two-thirds of the renewables capacity installed last year was cheaper than the lowest-cost fossil fuel alternative
- University of Queensland lands research deal to fast track renewable connections (18 July) University of Queensland researchers will seek to develop and test a new platform designed to help streamline the process of connecting large-scale renewable projects to the grid after landing a $498,000 grant from the Australian Renewable Energy Agency
- AEMO states firmed renewables the lowest cost option (19 July) CEO Daniel Westerman told the Australian Clean Energy Summit that the recent CSIRO GenCost report showed that the low cost of “firmed” or “integrated” renewables and the global energy crisis were clear reasons to accelerate the transition.
- Vena Energy secures funding for Tailem Bend SF (27 July) Singaporean Vena secured $200m for the Tailem Bend 2 project consisting of a 87MW solar farm and 41.5MW battery. Vena also struck an agreement with ZEN Energy as an off-taker.