RENEWABLE ENERGY SOURCES – GOVERNMENT POLICY – SOUTH AUSTRALIA

FFI bids to develop hydrogen plant in South Australia

roymorgansocial Leave a comment

Original article by Angela Macdonald-Smith, Simon Evans
The Australian Financial Review – Page: 15 : 15-Mar-23

Potential developers of a ‘green’ hydrogen hub in South Australia were given a deadline of Tuesday at 5pm to submit formal expressions of interest to the state government. Fortescue Future Industries is believed to have submitted a bid for the project, to which the state government will contribute $593m. A spokesman for FFI has declined to comment on whether Fortescue Metals Group’s clean energy arm lodged a bid. However, the spokesman says FFI believes that South Australia can become a leader in renewable energy production.

CORPORATES
FORTESCUE FUTURE INDUSTRIES PTY LTD, FORTESCUE METALS GROUP LIMITED – ASX FMG

Energy prices double in year

roymorgansocial Leave a comment

Original article by Samantha Hutchinson, Michael Owen, Andrew White
The Australian – Page: 1 & 6 : 30-Jan-18

New figures show that the average wholesale spot energy price in South Australia has risen to nearly $A170 in January 2018, compared with $A84 during the same period in 2017. The average spot price in Victoria has risen from just $A62 to $A139 over the last 12 months. Energy experts warn that more power blackouts and electricity price hikes can be expected due to the state governments’ focus on renewable energy targets rather than ensuring a reliable baseload energy supply.

CORPORATES
GRATTAN INSTITUTE, AUSTRALIA. DEPT OF THE ENVIRONMENT AND ENERGY, VICTORIA. DEPT OF PREMIER AND CABINET, AUSTRALIAN POWER PROJECT, SOUTH AUSTRALIA. DEPT OF TREASURY AND FINANCE