The month of April encapsulated 3 CEO resignations while the Federal Government launches a $539m program on new clean energy projects, followed by being out-of-step at the virtual US facilitated climate conference. Meanwhile the ESB releases the options discussion paper for the Post 2025 review.
Renewables
- Hydrogen projects are on the move at Port of Townsville and northwest Western Australia
- wind projects offshore are predicting lower costs, and the large Queensland Cement Mills precinct gets the go-ahead
- Engie signs corporate PPA
- Modelling suggests the same security and reliability could be achieved by renewables and batteries
Storage
- ACT Government seeks distributed batteries
- Dalrymple battery farm proves a financial success
Generation
- coal-fired generation troubles continue, pivoting to renewables emerge as an option and earlier closures grow in voice
- a pumped hydro project in Hunter Valley gains traction
- CEO's resign at AGL, Stanwell and Energy Australia
Gas Market
- the gas led recovery as proposed by the Federal Government losses momentum and support
- higher LNG Asian prices flow to benefit Santos
- massive LNG projects are losing investor support
- Barracouta gas field will begin flowing from the Bass Strait for the forthcoming winter
- Exxon chairman resigns
Financial
- AGL proposed split gets mixed reaction
- Whyalla steel works in trouble
- Carbon prices expected to double by 2030
- Tilt Renewables, FRV and New Energy Solar sales unfold
- Shell books $6.3bn loss
Climate
- Australia's path to net zero by 2050 is outlined, but lacks specific dates
- NSW floods sets 120 year record
Policy / Regulation
- AEMC kicks off draft determination for small scale solar and batteries
- AEMO calls for collaboration on renewables transition
- Federal Government announces $539m spend on new clean energy projects
- ESB releases Options Paper for Post 2025
