By Amy Kean and Luke Osborne Australia’s energy transition is as much about storage as it is about generation. Massive amounts of storage will be needed to modernise Australia’s grid, and the affordability of wind and solar is irrelevant unless we can store this energy in an efficient, stable and
Listen to the latest Energy Insiders podcast from RenewEconomy with Stride’s Director Luke Osborne, where he discusses large agri-solar developments like Blind Creek Solar Farm, social licence and meaningful community engagement, transmission, flexible industry response to a changing energy market, living on a sixth-generation farm that hosts wind power plus
As we head to the NSW State Government polls on 25 March, the NSW Government and Labor opposition are making strong announcements in favour of renewables. Stride will continue to share relevant insights in the lead up and following the election.
Pressure is mounting to approve and build new projects with AEMO’s recently updated Electricity Statement of Opportunities (ESOO) report warning of electricity shortage risks from 2027 (NSW to bear the brunt), with looming closures of several coal-fired power stations and delays in new infrastructure coming online.
Good news for battery storage and pumped hydro projects: in December 2022 the Albanese Government announced a Capacity Investment Scheme (CIS) for dispatchable generation (excluding coal and gas) to deliver reliable electricity. What we know The details will be critical, and Stride will share insights as they come to light.
The first tender round closed on 10 February, with financial bids from 16 shortlisted projects (a total of 4.3 GW generation and storage). Announcements are expected by April 2023. The next round of tenders is expected Q2 2023 (April-June), and will also include firming and Access Rights (for Central-West Orana
Development Assessment fee discounts, a new biodiversity offset system and transport requirements may interest renewable energy developers. Discounts for Development Assessment (DA) fees in REZs: there will be 30% discount on DA fees for all renewable energy and storage projects in the REZs, following a recent MOU signed between EnergyCo NSW
The NSW Government is dedicating $550 million in funding to the Renewables Manufacturing Fund and Low Carbon Product Manufacturing Fund to support renewable energy and low carbon products. Eligible projects include components for renewable energy such as wind towers, solar and batteries. Registrations of Interest closed 28 February 2023.
A declaration is the first step in formalising access schemes and network solutions for a REZ. Refer to EnergyCo NSW’s website for more information.
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