Australia’s first pumped hydro project in 40 years gets green light

Australia’s first pumped hydro project in 40 years gets green light

The first pumped hydro project in Australia’s main grid in nearly 40 years – and the first outside public ownership – looks almost certain to go ahead after the listed Genex landed a revised off-take agreement with utility EnergyAustralia for its 2,000MWh Kidston storage project.

Energy Insiders Podcast: EnergyAustralia explains why wind and solar will be “bedrock” of Australia’s grid

Energy Insiders Podcast: EnergyAustralia explains why wind and solar will be “bedrock” of Australia’s grid

In this latest episode of the Energy Insiders podcast, EnergyAustralia’s energy chief Mark Collette explains why wind and solar will replace coal as the “bedrock” of Australia’s electricity grid.

Alinta, Snowy, Engie, EnergyAustralia fail to meet renewable energy target

Alinta, Snowy, Engie, EnergyAustralia fail to meet renewable energy target

The shortfall – foreshadowed by RenewEconomy two weeks ago _ amounts to a total of $240 million, but the energy retailers will be able to make this up over the next three years, and will likely make huge profits doing so because of the anticipated continued decline in the price of certificates known as LGCs. Under the legislation, the obligated parties have a “free pass” of up to 10 per cent of their targets.

Genex brings in EnergyAustralia for solar-pumped hydro storage project

Genex brings in EnergyAustralia for solar-pumped hydro storage project

Genex Power says it has signed a deal EnergyAustralia that delivers exclusive rights to the big utility to negotiate an off take agreement for its unique solar plus pumped hydro storage project, including an option to buy a half share in the storage component.

Victoria Coalition’s bizarre plan to support coal and “24/7” power does not add up

Victoria Coalition’s bizarre plan to support coal and “24/7” power does not add up

“The sustained reduction in wholesale price that results from keeping (EnergyAustralia’s coal plant) Yallourn operational for its design life to 2032 and the commissioning of 500MW of dispatchable generation capacity can be directly translated into savings for consumers,” the Frontier report says.

Taylor says no plans to ditch rooftop solar rebate

Taylor says no plans to ditch rooftop solar rebate

Energy minister Angus Taylor has indicated the Coalition government has no plans to ditch the rooftop solar rebate, despite the Australian Competition and Consumer Commission and big utilities such as Origin Energy and EnergyAustralia pushing for its abolition. “There’s no plan to change the SRES (the Small-scale renewable Energy Scheme),” Taylor said in an interview with the Guardian.