Policy vacuum won’t stop green power: energy chief

Original article by Angela Macdonald-Smith
The Australian Financial Review – Page: 13 & 16 : 11-Jan-19

Wind turbine supplier Vestas Australia enjoyed a record year for orders in 2018, with over one gigawatt of wind turbines ordered in total. Peter Cowling, the head of Vestas Australia, predicts that the renewable energy sector will "muddle through" the lack of federal policy on climate and energy, due to the desire by companies to purchase clean power and the "cost competiveness" of solar and wind energy. Cowling says state governments’ renewable energy programs are helping to make up for a lack of federal policy.

CORPORATES
VESTAS – AUSTRALIAN WIND TECHNOLOGY PTY LTD

ALP’s $2000 handout in battery plan

Original article by Simon Benson
The Australian – Page: 1 & 4 : 22-Nov-18

Federal Opposition Leader Bill Shorten will announce key details of Labor’s energy policy on 22 November. Amongst other things, Labor will provide households with annual income of less than $180,000 with a rebate of up to $2,000 to install electricity storage batteries. Labor’s aim is for one million households to have storage batteries by 2025, as part of its commitment to a 50 per cent renewable energy target. Labor will also flag plans to implement the federal government’s national energy guarantee if it wins the next election.

CORPORATES
AUSTRALIAN LABOR PARTY, AUSTRALIA. CLEAN ENERGY FINANCE CORPORATION, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION

CBA to turn fully green by 2030

Original article by Mark Ludlow
The Australian Financial Review – Page: 10 : 14-Nov-18

The Commonwealth Bank of Australia aims to source 65 per cent of its electricity requirements from renewable sources by 2019, with a target date of 2030 for becoming solely reliant on renewables. As part of this strategy, CBA has secured a 12-year deal to source 96,000 megawatts annually from the Sapphire wind farm. CBA estimates that its direct emissions have been cut by 54 per cent since 2009. The bank will also become the first Australian company to join the global RE100 initiative, whose members have agreed to fully transition to renewables by 2050.

CORPORATES
COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, RE100, CWP RENEWABLES, PARTNERS GROUP AUSTRALIA PTY LTD, THE CLIMATE GROUP, CDP, SONY CORPORATION, PRICEWATERHOUSECOOPERS, LYFT INCORPORATED, INTERNATIONAL ENERGY AGENCY

Hydrogen industry to future-proof coal

Original article by Simon Benson
The Australian – Page: 4 : 10-Aug-18

Chief Scientist Alan Finkel will make recommendations on the development of a hydrogen energy industry in Australia to federal and state energy ministers. He will advise that the cheapest way to produce hydrogen energy is via the gasification of brown coal. However, the process must involve carbon capture and storage if it is to be a viable source of renewable energy. Finkel’s hydrogen strategy is backed by both the renewable energy and mining sectors. Minerals Council of Australia CEO Tania Constable says it could mean a new industry for Victoria’s Latrobe Valley, which has been impacted by the closure of the Hazelwood power station.

CORPORATES
AUSTRALIA. OFFICE OF THE CHIEF SCIENTIST, MINERALS COUNCIL OF AUSTRALIA, COUNCIL OF AUSTRALIAN GOVERNMENTS

Keep coal burning for long term

Original article by Mark Ludlow
The Australian Financial Review – Page: 1 & 8 : 17-Jul-18

The Australian Energy Market Operator has urged against the premature closure of coal-fired power stations, saying they should remain operating for as long as possible before being replaced by renewable energy sources. AEMO stated that this will ensure stability in the national energy market, as well as providing energy at low cost. AEMO notes that 30 per cent of the NEM’s current coal resources are due to reach the end of their technical life within the next two decades. The federal government will try to convince the states and territories to adopt its National Energy Guarantee at a meeting of the Council of Australian Governments’ energy council in August.

CORPORATES
AUSTRALIAN ENERGY MARKET OPERATOR LIMITED, COUNCIL OF AUSTRALIAN GOVERNMENTS, AUSTRALIA. DEPT OF THE ENVIRONMENT AND ENERGY, AGL ENERGY LIMITED – ASX AGL, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION

Renewables generate 19pc of grid already

Original article by Ben Potter
The Australian Financial Review – Page: 6 : 6-Jul-18

Renewable energy was responsible for just under 19 per cent of National Electricity Market generation in the year to June 2018, according to the Australia Institute. The figure includes rooftop solar generation, or 15.7 per cent if rooftop solar generation is not included. The Australia Institute claims that new solar and wind generation that is being built or committed to under the federal government’s Renewable Energy Target and the Victorian government’s RET would be sufficient for the former to meet its 2030 emissions target without the need for a National Energy Guarantee.

CORPORATES
THE AUSTRALIA INSTITUTE LIMITED, REPUTEX AUSTRALIA PACIFIC PTY LTD, GREEN ENERGY MARKETS PTY LTD

Renewables rush a risk to industry

Original article by Ben Packham
The Australian – Page: 1 & 6 : 15-Jun-18

Large electricity users are concerned about the impact of the Federal Government’s national energy guarantee on baseload power supply. Tomago Aluminium CEO Matt Howell argues that some industrial users require competitively priced baseload power around the clock, which renewables cannot guarantee without reliable storage technology. Resources Minister Matt Canavan says coal is still the best option for supplying cheap and reliable baseload power, and he warns that coal would no longer be competitive under Labor’s carbon emissions policy.

CORPORATES
TOMAGO ALUMINIUM COMPANY PTY LTD, AUSTRALIA. DEPT OF INDUSTRY, INNOVATION AND SCIENCE, AUSTRALIA. DEPT OF THE ENVIRONMENT AND ENERGY, AUSTRALIAN LABOR PARTY, MANUFACTURING AUSTRALIA LIMITED, BLUESCOPE STEEL LIMITED – ASX BSL, CSR LIMITED – ASX CSR, DULUXGROUP LIMITED – ASX DLX, BRICKWORKS LIMITED – ASX BKW, ADELAIDE BRIGHTON LIMITED – ASX ABC, CEMENT AUSTRALIA PTY LTD, RHEEM AUSTRALIA LIMITED, TESLA INCORPORATED, AGL ENERGY LIMITED – ASX AGL

Renewables must be low-cost, says Adani local executive

Original article by Angela Macdonald-Smith
The Australian Financial Review – Page: 15 : 15-Mar-18

India-based Adani will start generating renewable energy in Australia later in 2018, when the first stage of its Rugby Run solar farm in Queensland begins operating. It is part of a push by the coal miner to have 1,500 megawatts of renewable energy capacity in Australia by 2022. Adani has indicated that it could invest in other renewables in Australia, such as pumped hydro and wind power, while it may also invest in renewable energy production in Western Australia. Rugby Run has a long-term supply contract with Alinta Energy.

CORPORATES
ADANI ENTERPRISES LIMITED, ADANI MINING PTY LTD, ALINTA ENERGY (AUSTRALIA) PTY LTD, AURIZON HOLDINGS LIMITED – ASX AZJ

NEG will kill large-scale wind and solar boom

Original article by Ben Potter
The Australian Financial Review – Page: 12 : 24-Nov-17

The federal government’s proposed national energy guarantee will deter investments in large renewable energy projects if the emission reductions target that the government prefers is not changed. This is according to modelling by Bloomberg New Energy Finance, and comes as Energy Minister Josh Frydenberg and his state counterparts meet to discuss the NEG on 24 November. South Australia has indicated it will reject the NEG as it is currently proposed, while Queensland Energy Minister Mark Bailey says he will not agree to an NEG that does not meet the needs of his state.

CORPORATES
BLOOMBERG NEW ENERGY FINANCE, AUSTRALIA. DEPT OF THE ENVIRONMENT AND ENERGY, QUEENSLAND. DEPT OF ENERGY AND WATER SUPPLY, SOUTH AUSTRALIA. DEPT OF THE PREMIER AND CABINET, AUSTRALIAN LABOR PARTY, COUNCIL OF AUSTRALIAN GOVERNMENTS. ENERGY REFORM IMPLEMENTATION GROUP

CET might not reduce power bills, says Sims

Original article by Ben Potter
The Australian Financial Review – Page: 7 : 17-Oct-17

The Australian Competition & Commission has released the interim report of its inquiry into electricity prices. The report concludes that electricity network costs were the main cause of a sharp rise in electricity prices over the last decade. Meanwhile, ACCC chairman Rod Sims says that although a Clean Energy Target could potentially contribute to downward pressure on wholesale electricity prices, this might be offset by the impact of renewable energy target subsidies on electricity prices for consumers.

CORPORATES
AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, JACOBS GROUP (AUSTRALIA) PTY LTD, AUSTRALIA. OFFICE OF THE CHIEF SCIENTIST, FRONTIER ECONOMICS PTY LTD