The nation's biggest sources of electricity is arguably not a power plant fired by coal or gas, or even a hillside of wind turbines or a field of solar panels.
Over the years, ARENA has pumped in $1.58 billion to support 543 projects with a total project value of $6.48 billion, it says. It would have backed more ventures if the Coalition hadn't sliced about $1 billion from its initial target along the way. It had funds of $88 million as of June 30. The project, which counts as partners grid manager the Australian Energy Market Operator and battery giant Tesla, aims to provide accurate forecasts out to six hours.
Energy Minister Angus Taylor will have to convince his cabinet colleagues that ARENA needs more money.The Morrison government appears to back ARENA's existence - unlike the Abbott government which tried to abolish it but got blocked in the Senate by Clive Palmer's senators - but has yet to provide any additional money.
Without such technology, gas and coal will be increasingly at odds with decarbonising efforts at home and abroad to counter the risk of climate change. Taylor also replaced two experienced board members with his former political advisor John Hirjee – now covering energy at ANZ – and economist Anna Matysek.Taylor declined to comment on the specifics of his relationship to the new board members including the choice of Hirjee, who served as a Liberal staffer for a year until last August. He also declined to detail the progress of efforts to get new funding for ARENA.
So-called blue hydrogen developed from fossil fuels rather than "green hydrogen" from renewables may also become an ARENA priority, he says. Labor, whose support would be needed to back any mandate change in the Senate, is similarly defensive about the agency. "The critical issue now is around funding," Thornton says. "There'd be a real risk the pipeline of projects will grind to a halt [without fresh money], and you'll lose some critical staff."With applications often taking many months to prepare and hundreds of thousands of dollars each, "people need to know it's going to be worth their while" to apply, he says.
p_hannam At times!?!?!? Great 🤦♂️😰
p_hannam Build some oven powered generation plants! It’s free, clean and we have shits loads of it.
p_hannam That at times is the worry part of the headline. if AEMO thinks renewables can take over, it must be 100% and not 95% at times. This tells us that renewables are no where near ready to displace fossil fuel electricity for a considerable time
p_hannam Humbug. 😎
p_hannam Where are the solar panels made? The same place as the virus, why are we committing to this garbage?
p_hannam Absolutely! Let's keep funding ARENA till the govt stops spruiking gas as a transition fuel. We need to counteract the govt's & Morrison's own personal covid commission's dodgy promotion of gas..... & subsidising fossil fuels.
p_hannam Yeh, at times
p_hannam At times....🤣 And those times will be when the sun shines...... if the sun shines..... and the wind blows....that's if the wind blows.... all other times we will rely on good old fashion fossil fuels...
p_hannam Ha ha Gas COVID Commission!
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