Mar-21 Energy News Bytes

Mar-21 Energy News Bytes

AGL dominated this month's news, and it was probably the most significant month in the 180 year history of AGL. Our graphic summarises the developments:

We have separated our Monthly Report into two parts, that being the Energy News and the second part our Monthly Insights and Commentary. This is our small byte edition of Energy News which has been released today and is available to all subscribers; which you are welcome to join.

Renewables:

  • changes to solar PV feed-in tariffs and solar PV in SA gets turned off
  • new solar farm in western NSW
  • Port Kembla import terminal includes hydrogen power station
  • corporate PPAs continue
  • solar thermal project to go ahead
  • hybrid solar/battery launch
  • solar cell costs stabilising
  • offshore wind advances

Storage

  • battery manufacturing plants launched
  • AGL proposing big batteries in SA and Vic
  • QLD Kidson pumped storage continues to seek funding
  • record home batteries installed
  • big battery announced on a former Holden site in SA

Generation

  • Minister Taylor implores energy players to step-up to replace Liddell
  • Yallourn to close early while other players claim being disadvantaged by Yallourn closure deal
  • long outage planned for Bayswater
  • Andrew Forrest committing to fast track green power
  • claims that a "crisis is looming" without a national transition plan

Gas Market

  • Port Kembla gas import terminal gains momentum while AGL's Crib Point terminal gets knocked back by Victorian Government
  • Santos approves Barossa gas project in NT
  • Snowy Hydro states gas is "wonderful" to firm renewables

Financial Sector

  • ENN sells Santos stake
  • AGL acquires Epho and Solgen
  • Redflow secures large sale
  • financial woes for GFG Alliance
  • Korea Zinc takes 30% stake in QLD wind farm
  • Portland smelter receives Government funding
  • Federal Government seeks greater control of Northern Australia Infrastructure Facility
  • AGL looks to separate into two businesses and signs up joint venture with UK based OVO Energy
  • An AGL consortium acquires Tilt Renewables

Climate

  • Renewable growth flattening out
  • La Nina declared over

Policy/Regulation

  • Labor Party cautions gas industry
  • Tougher AEMO grid connection obligations
  • ASX launch 5-minute $300/MWh cap product
  • Minister initiates another review of future grid needs
  • TransGrid announces new HumeLink route options for Snowy 2.0

The full version of our Energy News is available in our subscriber section of the Market Report. Contact us if you believe you may qualify for a discount.



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