New Hampshire, USA-in response to a legal review, has climate change the Australian Government authority is obliged to maintain its renewable energy target (RET) of 20 percent of electricity of the country (about 41,000 GWh) come from renewable sources by 2020. The Government also stressed that 20 per cent leaves only a minimum target and "the way." open for improvements in the area of energy efficiency, to deliver a higher percentage of renewable energy
"Arguments to reduce or Cap energy to 20 percent of the generation in the year 2020 will ignore the need to reduce the emissions intensity targets of Australia's electricity sector, so that we to remain as the world moves to clean up, energy, competitive", said Gillard Government in a statement.
In December last year offered 34 recommendations in a review of the RET; the climate change Agency 28 of which were now adopted three refused and three further review indicated. A goal will not be changed despite the CCA recommendation: a 100-kW cover for solar PV systems as a small renewable energy projects to qualify. The CCA had recommended a 10-kW limit.
Since end of 2007 was elected the Labor Party in the Office, over 2 GW large-scale renewable energy projects were completed, next to almost 1 million on the roof solar PV installations and more than half of 1 million solar and heat pump water systems. The secret is changed now "Investment uncertainty that would undermine existing and planned renewable energy investments in Australia, would create" climate change Minister Greg Combet said, as well as greatly increasing the carbon pollution.
Opposition leaders go out of their way to support the RET current 20-percent target, say they are not and have proposed no changes. But they also reaffirm their intention to reconsider the RET in the year 2014 (and perhaps much earlier), with a focus on changes in the demand for electricity. A significant dropoff in aggregate demand (as expected) likely would mean the fixed RET ringing setting targeted 20 percent, thus the stage on the road for a further fight over legal RET might well past.
Showing posts with label Australia. Show all posts
Showing posts with label Australia. Show all posts
Saturday, March 30, 2013
Australia backs renewable energy goals
Saturday, March 30, 2013Ярлыки: Australia, backs, Energy, goals, renewable 0 коммент.
Friday, November 02, 2012
The Asia Report: Brightsource and Alstom Target Australia and India with New Funding
Friday, November 02, 2012
At the same time, Brightsource raised an additional $80 million in equity financing led by Alstom and California-based venture capital company VantagePoint Capital Partners – its two biggest backers.
“With these funds we will continue to build solar power plants for our U.S. customers, while significantly increasing our presence around the globe,” said John Woolard, chief executive of BrightSource in a statement.
Concentrating solar power (CSP) projects have stalled in recent years because developers opted for cheaper PV installations as the price of equipment plunged. But CSP is considered essential to the world’s clean energy future since it provides heat storage and the ability to dispatch energy when required to meet peak demand.
According to the International Energy Agency, solar energy, including both CSP and photovoltaics (PV) could account for 25% of global electricity by 2050 and cover a third of global energy demand after 2060. CSP alone could supply 11.3 percent of the world’s electricity by 2050, the IEA said.
In Australia, Brightsource was an applicant in the federal government’s Solar Flagships program, but failed to make the shortlist. However, the company considers Australia to be a concentrating solar hotspot.
“We strongly believe in the development and future competitiveness of the solar tower technology,” said Jerome Pecresse, Alstom Renewable Power president. “This new investment reinforces solar thermal power’s position at the heart of Alstom’s strategy which is to provide leading sustainable renewable power solutions also spanning hydro, wind, geothermal, ocean and biomass.”
The financing also included existing backers Draper Fisher Jurvetson, DBL Investors, Goldman Sachs, California State Teachers’ Retirement System and the venture capital units of Chevron and BP. It comes just six months after BrightSource withdrew its IPO registration, citing adverse market conditions.
IN THE NEWS
Japan’s Softbank to develop up to 300MW wind power in the Gobi desert: Softbank, the Japanese mobile phone company, plans to develop wind power projects in Mongolia’s Gobi desert. SB Energy Corp, Softbank’s clean energy unit, will set up a venture with Mongolia’s Newcom as early as October to conduct feasibility studies on wind power generation. The venture will assess a site in the Gobi that may have a capacity of as much as 300 MW.
Korea’s Hanwha Q.CELLS becomes world's third largest solar manufacturer: With the purchase of bankrupt German solar cell manufacturer Q.CELLS, Hanwha now claims ownership of a total of 2.3GW of manufacturing capacity, making it the third largest solar manufacturer in the world. In addition to acquiring 200MW cell and 120MW module manufacturing facilities in Germany, Hanwha has also acquired 34 Q.CELLS patents and 1,225 employees.
Former IEA chief Tanaka doubts Japan's renewables goal: Japan will need to keep nuclear power in its energy mix as renewables are too costly and the country’s electricity grid is too decentralized, says Nobuo Tanaka, a former director of the International Energy Agency (IEA). Tanaka, now a global associate for energy security and sustainability at the Institute of Energy Economics in Japan, told the Asia Future Energy Forum in Singapore that a low-nuclear scenario will be “a huge cost and loss of energy security” for Japan.
Ocean Power Technologies and Mitsui to steer wave device to possible Japan launch: Hydrokinetic power developer Ocean Power Technologies has received a $900,000 contract from Japan's Mitsui Engineering and Shipbuilding to further develop its buoy generation system for application in Japanese sea conditions. OPT says the contract will allow it to continue analyzing methods of maximizing its PowerBuoy units through modeling and wave tank testing.
Australia’s renewable energy on target for billions in investment: An independent report from strategic consultancy SKM MMA shows that Australia’s 20 percent renewable energy target has delivered $18.5 billion in investment, with the potential for $18.7 billion more if the policy is retained in its current form. On Friday, the Climate Change Authority recommended the target remained unchanged, after conducting a review.
ON THE HORIZON
Indonesia seeks big jump in renewables: Renewable sources will provide Indonesia with as much as 25 percent of its electricity by 2025, up from around 7% today, Djadjang Sukarna, the secretary of the nation's renewable energy directorate, said. The country plans by 2025 to have increased annual electricity generation from renewable sources to around 99 million tons of oil equivalent from around 10 million tons of oil equivalent today, Sukarna told Dow Jones Newswires.
Asia-Pacific energy storage market worth $12 billion in 10 years: A Pike Research report predicts that the Asia-Pacific energy storage market will be worth $12 billion by 2022, with a capacity of 25 GW. The 10 year Energy Storage Asia Pacific report predicts an annual compound growth rate for utility-scale battery storage of 135% a year until 2017, and a further 33% a year from 2017 to 2022.
A DEEPER LOOK
On an island crowded with clean energy movers: David Green, chief executive of the Clean Energy Council, writes Australia has some of the best sunshine, wind and waves in the world, but it is certainly no Robinson Crusoe, alone on his island, when it comes to promoting a shift towards clean energy. Australia's renewable energy target continues to play a critical role in helping Australia make the transition to a low-carbon economy. It is the most efficient, low-cost way to source 20 percent of energy from renewable sources by 2020 and it stands to deliver Australia more than $30 billion of investment and tens of thousands of new jobs.
Cloud hovers over China’s solar industry: Leslie Hook of the Financial Times writes that times are tough for Shi Zhengrong, the founder of Suntech, the world’s biggest solar panel manufacturer. He was once one of the richest men in China. Now his empire is in shambles.
QUOTE OF THE WEEK
"The unfortunate idea that floats around - that countries should focus on poverty reduction but don't really have to be too concerned with the environment at the early stages of development, get rich and then clean up the environment - this will not do” -- Jeffrey Sachs, head of the Earth Institute at Columbia University
HAVE YOUR SAY
If you are an industry expert and would like to be a contributor for RenewableEnergyWorld.com, please contact us at rewnews@pennwell.com so we can show you how to get started.
View the original article here
“With these funds we will continue to build solar power plants for our U.S. customers, while significantly increasing our presence around the globe,” said John Woolard, chief executive of BrightSource in a statement.
Concentrating solar power (CSP) projects have stalled in recent years because developers opted for cheaper PV installations as the price of equipment plunged. But CSP is considered essential to the world’s clean energy future since it provides heat storage and the ability to dispatch energy when required to meet peak demand.
According to the International Energy Agency, solar energy, including both CSP and photovoltaics (PV) could account for 25% of global electricity by 2050 and cover a third of global energy demand after 2060. CSP alone could supply 11.3 percent of the world’s electricity by 2050, the IEA said.
In Australia, Brightsource was an applicant in the federal government’s Solar Flagships program, but failed to make the shortlist. However, the company considers Australia to be a concentrating solar hotspot.
“We strongly believe in the development and future competitiveness of the solar tower technology,” said Jerome Pecresse, Alstom Renewable Power president. “This new investment reinforces solar thermal power’s position at the heart of Alstom’s strategy which is to provide leading sustainable renewable power solutions also spanning hydro, wind, geothermal, ocean and biomass.”
The financing also included existing backers Draper Fisher Jurvetson, DBL Investors, Goldman Sachs, California State Teachers’ Retirement System and the venture capital units of Chevron and BP. It comes just six months after BrightSource withdrew its IPO registration, citing adverse market conditions.
IN THE NEWS
Japan’s Softbank to develop up to 300MW wind power in the Gobi desert: Softbank, the Japanese mobile phone company, plans to develop wind power projects in Mongolia’s Gobi desert. SB Energy Corp, Softbank’s clean energy unit, will set up a venture with Mongolia’s Newcom as early as October to conduct feasibility studies on wind power generation. The venture will assess a site in the Gobi that may have a capacity of as much as 300 MW.
Korea’s Hanwha Q.CELLS becomes world's third largest solar manufacturer: With the purchase of bankrupt German solar cell manufacturer Q.CELLS, Hanwha now claims ownership of a total of 2.3GW of manufacturing capacity, making it the third largest solar manufacturer in the world. In addition to acquiring 200MW cell and 120MW module manufacturing facilities in Germany, Hanwha has also acquired 34 Q.CELLS patents and 1,225 employees.
Former IEA chief Tanaka doubts Japan's renewables goal: Japan will need to keep nuclear power in its energy mix as renewables are too costly and the country’s electricity grid is too decentralized, says Nobuo Tanaka, a former director of the International Energy Agency (IEA). Tanaka, now a global associate for energy security and sustainability at the Institute of Energy Economics in Japan, told the Asia Future Energy Forum in Singapore that a low-nuclear scenario will be “a huge cost and loss of energy security” for Japan.
Ocean Power Technologies and Mitsui to steer wave device to possible Japan launch: Hydrokinetic power developer Ocean Power Technologies has received a $900,000 contract from Japan's Mitsui Engineering and Shipbuilding to further develop its buoy generation system for application in Japanese sea conditions. OPT says the contract will allow it to continue analyzing methods of maximizing its PowerBuoy units through modeling and wave tank testing.
Australia’s renewable energy on target for billions in investment: An independent report from strategic consultancy SKM MMA shows that Australia’s 20 percent renewable energy target has delivered $18.5 billion in investment, with the potential for $18.7 billion more if the policy is retained in its current form. On Friday, the Climate Change Authority recommended the target remained unchanged, after conducting a review.
ON THE HORIZON
Indonesia seeks big jump in renewables: Renewable sources will provide Indonesia with as much as 25 percent of its electricity by 2025, up from around 7% today, Djadjang Sukarna, the secretary of the nation's renewable energy directorate, said. The country plans by 2025 to have increased annual electricity generation from renewable sources to around 99 million tons of oil equivalent from around 10 million tons of oil equivalent today, Sukarna told Dow Jones Newswires.
Asia-Pacific energy storage market worth $12 billion in 10 years: A Pike Research report predicts that the Asia-Pacific energy storage market will be worth $12 billion by 2022, with a capacity of 25 GW. The 10 year Energy Storage Asia Pacific report predicts an annual compound growth rate for utility-scale battery storage of 135% a year until 2017, and a further 33% a year from 2017 to 2022.
A DEEPER LOOK
On an island crowded with clean energy movers: David Green, chief executive of the Clean Energy Council, writes Australia has some of the best sunshine, wind and waves in the world, but it is certainly no Robinson Crusoe, alone on his island, when it comes to promoting a shift towards clean energy. Australia's renewable energy target continues to play a critical role in helping Australia make the transition to a low-carbon economy. It is the most efficient, low-cost way to source 20 percent of energy from renewable sources by 2020 and it stands to deliver Australia more than $30 billion of investment and tens of thousands of new jobs.
Cloud hovers over China’s solar industry: Leslie Hook of the Financial Times writes that times are tough for Shi Zhengrong, the founder of Suntech, the world’s biggest solar panel manufacturer. He was once one of the richest men in China. Now his empire is in shambles.
QUOTE OF THE WEEK
"The unfortunate idea that floats around - that countries should focus on poverty reduction but don't really have to be too concerned with the environment at the early stages of development, get rich and then clean up the environment - this will not do” -- Jeffrey Sachs, head of the Earth Institute at Columbia University
HAVE YOUR SAY
If you are an industry expert and would like to be a contributor for RenewableEnergyWorld.com, please contact us at rewnews@pennwell.com so we can show you how to get started.
View the original article here
Ярлыки: Alstom, Australia, Brightsource, Funding, India, report, target 0 коммент.
Tuesday, January 24, 2012
Chevron natural gas discovery offshore Australia
Tuesday, January 24, 2012Chevron reported a natural gas discovery by Australian subsidiary in the Exmouth plateau the Carnarvon basin, offshore Western Australia.
Gas found well about 243 feet (74) of the net pay of the satyr-3. The fountain located 113 miles (182 km) North of Exmouth in the approval WA-374-P and was of water to a depth of 13.369 (4.075 m) in 1.124 3.688 m drilled.
"Satyr 3 of our is thirteenth offshore discovery in Australia since mid-2009," says George Kirkland, Vice President, Chevron Corporation.
"This latest discovery the quality and lasting value strengthens our Australian exploration of leasing companies in the Carnarvon basin."
Chevron Australian subsidiary is the operator of the area permit WA-374-P and holds a 50 per cent, with Exxon Mobil and shell each hold 25 per cent.
Ярлыки: Australia, Chevron, discovery, natural, offshore 0 коммент.
Tuesday, December 20, 2011
Chevron natural gas discovery offshore Western Australia
Tuesday, December 20, 2011
Posted at: December 15, 2011
Chevron reported a natural gas discovery by Australian subsidiary in the Exmouth plateau the Carnarvon basin, offshore Western Australia.
"Find Vos-1 of our Zwolfter offshore discovery in Australia since mid-2009," said George Kirkland, Vice President, Chevron Corporation.
"Our successful drilling program offshore Western Australia shows Chevron global exploration."
Vos-1 is also about occurred 453 feet (138) net gas pay. Located the well was drilled 1484 meter of water in the field permit WA-439-P about 186 miles (300 km) of Exmouth on the western coast of Australia, in 4869 to a depth of 12.461 (3798m).
"Our ongoing exploration success of our Australian raw materials base further underpins our drive as a leading supplier of liquefied natural gas markets and gas to Western Australia, to", said melody Meyer, President, Chevron Asia Pacific exploration and production.
Chevron Australian subsidiary is the operator of WA-439-P and holds a 50 per cent, with shell development (Australia) Pty Ltd holds the remaining 50%.
Written by Richard Price, editor, energyme.com. Follow energyme.com on Twitter @ Energyme. Information provided by companies or PR agencies, are responsible for the content. Send press releases in Word format to richard@energyme.comЯрлыки: Australia, Chevron, discovery, natural, offshore, Western 0 коммент.
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