collected by :Victor Alphen
Renewable energy will provide one third of the national electricity market's needs within two years, according to new research from Green Energy Markets (GEM). Key points: A record 18,917 rooftop solar PV systems were installed in MayA record 18,917 rooftop solar PV systems were installed in May On current projections, renewable energy could supply 33pc of market needs by 2020 and 40pc by 2030On current projections, renewable energy could supply 33pc of market needs by 2020 and 40pc by 2030 The total pipeline of renewable projects if approved and built could supply 85pc on needs by 2030The consultancy firm's forecast uses the latest data from the Australian Energy Market Operator and is based on solar and wind farms already under construction or contracted plus rooftop solar maintaining stable installation levels. Image Renewable energy power generation by fuel & market share in the NEM for 2015 and forward estimates. The 131 megawatts (MW) of rooftop solar PV registered in May was also new monthly record. On GEM figures, renewable energy avoided 2.4 million tonnes of CO2 pollution over the month, or the equivalent of taking 9.2 million cars off the road.
Renewable energy will provide one third of the national electricity market's needs within two years, according to new research from Green Energy Markets (GEM). Key points: A record 18,917 rooftop solar PV systems were installed in MayA record 18,917 rooftop solar PV systems were installed in May On current projections, renewable energy could supply 33pc of market needs by 2020 and 40pc by 2030On current projections, renewable energy could supply 33pc of market needs by 2020 and 40pc by 2030 The total pipeline of renewable projects if approved and built could supply 85pc on needs by 2030The consultancy firm's forecast uses the latest data from the Australian Energy Market Operator and is based on solar and wind farms already under construction or contracted plus rooftop solar maintaining stable installation levels. Image Renewable energy power generation by fuel & market share in the NEM for 2015 and forward estimates. The 131 megawatts (MW) of rooftop solar PV registered in May was also new monthly record. On GEM figures, renewable energy avoided 2.4 million tonnes of CO2 pollution over the month, or the equivalent of taking 9.2 million cars off the road.
Reset climate policy to fix energy market
In releasing yet another report on electricity prices, ACCC chairman Rod Sims said that the energy market is ''broken''. What is needed is not a repair job on the whole electricity market but a clear decision on climate change policy. ACCC chief Rod Sims says the energy market is broken. The electricity market basically works except Australia cannot establish how fast to cut its greenhouse gas emissions and make the transition from coal to renewables. An industry-wide carbon price is more cost effective than the piecemeal subsidies such as the Renewable Energy Target or Solar Feed-in-Tariffs which the ACCC criticises.Australia welcomes plan for National Electricity market to transform energy sector
as declared in The Australian Energy Market Operator's (AEMO) Integrated System Plan for the National Electricity Market is an important step towards ensuring Australia energy system is based on engineering and economics rather than ideology. The Australian Energy Market Operator's (AEMO) Integrated System Plan for the National Electricity Market is an important step towards ensuring Australia energy system is based on engineering and economics rather than ideology. The report underlines the significant transition underway in Australia's National Electricity Market (NEM), the world's longest interconnected energy system, with an unprecedented level of disruption and distributed energy resources entering the system. Following recent advice received from the Energy Security Board and Australian Consumer and Competition Commission (ACCC), this report provides another independent expert input into the Turnbull Government's energy plan which is focussed on better consumer outcomes. The report will be discussed at the Council of Australian Government (COAG) Energy Council meeting on 10 August.Malaysian billionaire Robert Kuok enters Taiwan's wind energy market - Business News
PETALING JAYA: Tycoon Robert Kuok is entering the wind energy market in Taiwan through a collaboration between two companies linked to him. The JV aims to provide an integrated solutions platform for offshore wind farm developers, EPCI (engineering, procurement, construction and installation) contractors and wind turbine manufacturers. Kuok is a controlling shareholder of POSH, an offshore marine services provider. The Malaysian tycoon also owns interests in Taiwan-based logistics firm Kerry TJ through its stake in Kerry Logistics Network. A separate MoU was also signed by the JV partners with Macquarie Capital and Swancor to jointly explore collaboration opportunities in the Taiwan offshore wind market.
Comments
Post a Comment