@FootnotesGuy I might be wrong but I’m fairly sure the scheme is set to run until 2030 and the $8.5b is pretty much what was budgeted at MYEFO. The $7.2b is just the forward estimates
One Nation leader Pauline Hanson will announce a plan to upend Australia’s oil and gas sector by levying a royalty on all production and taking direct public equity stakes in new exploration and drilling projects.
https://t.co/nwyJ3by4uF
Victoria’s flagship offshore wind project will not be completed until at least 2037, according to new docs that cast fresh doubt over the state’s ability to build enough clean power to meet data centre demand and close coal plants over the next decade.
https://t.co/2i9XyfCUhX
Energy Minister Chris Bowen will travel to Denmark this week in his first major foreign engagement as the global head of climate negotiations after the ongoing fuel crisis forced him to remain at home for his first six months in the role.
Households and businesses installed more rooftop solar power in March than in any other month on record as batteries and EVs inject new life into the solar market.
https://t.co/lqVe9aZSuC
The dramatic and near-exponential rise of big and small batteries is diminishing the role of gas in Australia’s power grid – and lowering electricity prices.
https://t.co/GHLu39F48K
Climate and Energy Minister Chris Bowen has shot down a proposal by Australia’s energy market rulemaker to lift power bill charges for solar and battery owners to pay for the maintenance of poles and wires networks that they increasingly do not use.
https://t.co/dqkcikFGeM
The Albanese government is considering emergency support for struggling wind farm projects, which could allow them to rewrite existing contracts to get more taxpayer funding as it scrambles to hit its end-of-decade clean power target.
https://t.co/iqeHw60l3Z
The federal government is set to blow through more than half of the funding for its $7.2 billion home battery subsidy program in its first 12 months.
https://t.co/ECTu6oHBTc
Taxpayers could fund up to $300 million in damages payments to three NSW wind farms if a major new electricity cable project is not completed on time.
https://t.co/v81qVGBxPQ
One of Australia’s top renewables developers has slashed around 30 staff from its key construction division as planning bottlenecks and rising costs continue to stifle investment growth in a sector critical to the Albanese government’s energy plans.
https://t.co/ztp8lCl9jl
In August 2024, one of Australia’s most controversial environmental groups launched a legal challenge to an Andrew Forrest-backed wind project in northern Queensland. 18 months and $600,000 later, the organisation – technically – no longer exists.
https://t.co/Q6vPgAs9ft
An empty field at an old coal-fired power station is all that remains of plans to build a high-tech battery manufacturing hub in Queensland.
https://t.co/J5eZ5UxNsX
@FootnotesGuy This story describes the sources of new power supply due to come online in the next two years and their potential impact on the grid. It also points out that underinvestment in gas generation will be a long term problem during relatively infrequent but high impact events
The speed at which climate people have publicly pivoted from “Australia must host COP” to “actually it’s a good that we’re not hosting” is truly something to behold