Rapid shift to renewable energy could lead Australia to cheap power and 100,000 jobs

Original article by Adam Morton
The Guardian Australia – Page: Online : 29-May-20

Climate change thinktank Beyond Zero Emissions has called for 90 gigawatts (GW) of renewable energy capacity and 20GW of batteries to be built over the next five years. It estimates this would create 124,000 construction jobs and 22,000 ongoing jobs. Beyond Zero Emissions also states there should be local content requirements for wind turbines, batteries and transmission components, saying this could create 15,000 manufacturing jobs, and that a wind energy manufacturing industry could be easily created by converting old factories.

CORPORATES
BEYOND ZERO EMISSIONS INCORPORATED

Forrest in $68m renewables play takeover

Original article by Nick Evans
The Australian – Page: 20 : 5-Mar-20

Squadron Energy, the private company of mining magnate Andrew Forrest, has made a takeover bid for Windlab, a listed wind farm developer and operator. Squadron has teamed up with Federation Asset Management to offer $1 per share for Windlab, valuing the bid at $68.2m. Windlab shares rallied on 4 March, closing at $0.965; investors had paid $2 per share in its 2017 IPO. Squadron is expected to have a 75 per cent stake in Windlab if the deal proceeds.

CORPORATES
WINDLAB LIMITED – ASX WND, SQUADRON ENERGY PTY LTD, FEDERATION ASSET MANAGEMENT PTY LTD

Power stability critical

Original article by Angela Macdonald-Smith
The Australian Financial Review – Page: 1 & 4 : 24-Feb-20

The Energy Security Board’s latest annual report card has stated that electricity affordability improved from ‘critical’ in 2018 to ‘moderate-critical’ in 2019. This was due to a combination of falling costs and government pressure on retailers. The ESB noted that power generation from wind and solar is tipped to grow from 16 per cent of supply in 2019 to more than 40 per cent by 2030. However, it warned that the growth of wind and solar poses a threat to the stability of the national grid, with greater intervention needed.

CORPORATES
AUSTRALIA. ENERGY SECURITY BOARD

Spending on large-scale renewable energy in Australia plunges

Original article by Peter Hannam
The Age – Page: Online : 17-Jan-20

Bloomberg New Energy Finance research indicates investments in large-scale renewable energy projects in Australia fell by 56 per cent in 2019. The decline in renewable energy investment in Australia was at odds with trends globally, and can be attributed to a lack of long-term policy certainty at the federal level. Federal Energy and Emissions Reduction Minister Angus Taylor says reducing the cost of storage and backup will help to ensure continued growth in new renewable investment.

CORPORATES
BLOOMBERG NEW ENERGY FINANCE,{SPAC}AUSTRALIA. DEPT OF THE ENVIRONMENT AND ENERGY

Solar export vision to be put to the test

Original article by Angela Macdonald-Smith
The Australian Financial Review – Page: 13 : 2-Jan-20

The Asian Renewable Energy Hub project in Western Australia is one of a number of large projects that has the potential to make Australia a major solar power exporter. Backed by Macquarie Group, the project will use wind and solar to separate hydrogen from water. As much as 15 gigawatts of wind and solar generation across the East Pilbara will provide up to 12 gigawatts for green hydrogen production and three gigawatts of power for energy users in the Pilbara. Another large project is the $22 billion Sun Cable project, which will export solar power to Singapore via undersea cable.

CORPORATES
MACQUARIE GROUP LIMITED – ASX MQG

Paris on radar in green surge

Original article by Graham Lloyd
The Australian – Page: 1 & 7 : 24-Oct-19

Research by the Australian National University has spent 11 times the global average on renewable energy in recent years. The researcher conclude that the nation will be able to meet its Paris emissions reduction targets without needing to use Kyoto carryover credits if this level of investment is sustained. The ANU researchers also forecast that Australia’s carbon emissions will fall by 3-4 per cent between 2020 and 2022 as a result of the investment in renewables.

CORPORATES
AUSTRALIAN NATIONAL UNIVERSITY, AUSTRALIA. DEPT OF THE ENVIRONMENT AND ENERGY

Renewables power ahead

Original article by Ben Potter
The Australian Financial Review – Page: 8 : 29-Mar-19

According to Green Energy Markets, renewable energy generated 128 per cent more electricity than gas turbines over the 2018-19 summer and 23 per cent more than brown-coal generators. It was the fourth summer during which renewables have provided more electricity than gas and the second summer that renewables generated more electricity than brown coal. The output from solar between 9am and 5pm exceeded output from brown coal and gas for the first time.

CORPORATES
GREEN ENERGY MARKETS PTY LTD

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