New transmission to connect additional + unconstrained renewable generators will take 8-10 years. Needed to avoid Zombies is the whole-of-system fundamentals. The capacity investment scheme, as noted in the story, has decent guardrails to ensure project viability and promote progression – such as hitting milestones or lose bonds. Our key to meeting targets and Zombie avoidance is: project capability for additional + unconstrained new energy. And we see this taking three processes: 1. Assessing availability of surplus capacity in existing lines and ranking proponents 2. Batch processing 3. Promoting accelerated development within REZs Capacity investment needs to be investment in unconstrained capacity, nor capacity causing constraints. Department of Climate Change, Energy, the Environment and Water https://lnkd.in/gfae8iTv
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I am incredibly proud of our #energytransition #investments in VH GLOBAL SUSTAINABLE ENERGY OPPORTUNITIES PLC and our operating partners' work to manage risks and create #sustainable value. In this Infrastructure Investor article, I discuss climate-related risks and how we are working towards building resilience in our portfolio. "The growth of renewable energy within our power grids is critical to combat climate change. However, investors must recognise that rare extreme weather events are likely to occur more frequently in the future. Incorporating resilience strategies into portfolios is crucial to future proof the investment themselves." https://lnkd.in/eVpFQ8WY
How to build resilient renewable energy portfolios
infrastructureinvestor.com
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To speed up the transition to renewable energy, we need to overcome some structural barriers that exist today. Infrastructure is the first barrier to overcome. Without efficient electricity and without providing storage interconnectivity, flexibility and balancing the grids, we cannot progress. Modernizing and building infrastructure where it is absent is the top priority. https://loom.ly/i4adbzw
Renewable energy transforming the landscape
news.un.org
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Renewable energy specialist ★ Green entrepreneur ★ Helping developers and contractors save money on solar panels
The latest study by University of Exeter's Environmental Intelligence Centre and Friends of the Earth highlights massive untapped potential for onshore renewables projects across England. Their findings show that utilising just three percent of land for wind and solar farms could lead to a 13-fold increase in renewable energy generation, enough to power all of the households in England two and a half times over! That level of generation would put us in a position to export clean energy globally, leading the charge and positioning ourselves as a green hub. Importantly, this analysis only considers suitable land, with the study excluding sites such as National Parks. Areas of Outstanding Natural Beauty, heritage sites and higher-grade agricultural land, to prioritise environmental preservation. It highlights just how tangible it is to reach energy generation output of this level, we just need ambitious policy to drive it! https://lnkd.in/efhYC-4r #renewablenergy #climatechange #netzero #solarpv #solarenergy
Untapped Renewable Energy Potential in England: Study Highlights
edie.net
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The need for an overhaul of #energy systems towards #renewable and green sources is clear, and countries worldwide have been taking steps to decarbonize their energy infrastructure. However, any widespread changes must be supported from the top through legislation. In this blog article, we’ll look at how new legislation in the EU is helping streamline #renewableenergy projects and push towards a #greenfuture.
EU legislation revisions aiming to streamline renewables projects — RatedPower
ratedpower.com
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According to a report by Climate Analytics, meeting the Renewable Energy targets set at COP28, which aim to triple the global renewable capacity by 2030, requires an annual investment of $2 trillion. This investment comprises $8 trillion for developing new renewable energy sources and an additional $4 trillion for enhancing grid and storage infrastructure. This substantial financial commitment is expected to catalyse a significant increase in climate finance, notably a fivefold rise, reaching $100 billion yearly for sub-Saharan Africa. Such initiatives not only ensure energy access for all but also align with the global goal of expanding renewable energy capacity. Let's work together towards a sustainable future! #RenewableEnergy #ClimateAction #SustainableFuture #SEPA
$2 trillion annual investment required to triple renewables by 2030: Report - ET EnergyWorld
energy.economictimes.indiatimes.com
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Unprecedented Growth in Solar and Storage Anticipated with Record Installations and Investments NEW YORK - In recent years, the United States has made remarkable strides in embracing renewable energy, positioning itself for a more sustainable future. This transition has been driven by a combination of factors, including environmental concerns, economic opportunities, and technological advancements. With the introduction of the Inflation Reduction Act (IRA) and the Bipartisan Infrastructure Law (BIL), the United States is rapidly advancing its journey towards clean energy solutions. Read the complete article here https://lnkd.in/gs7852nP
Unprecedented Growth in Solar and Storage Anticipated with Record Installations and Investments
electricityforum.com
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Interesting findings from CSIRO on attitudes of Australians to renewable energy! So important for the future to change! https://lnkd.in/gwgrR9iy
Australians’ attitudes to new renewable infrastructure revealed by CSIRO study
cosmosmagazine.com
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🔌 Australia’s aging power grid is hindering renewable energy growth and driving up costs. 🌱 It's crucial to modernize the infrastructure to ensure a sustainable and affordable energy future. Read more here: https://lnkd.in/gGfX2Qbu #RenewableEnergy #Sustainability #EnergyTransition
Australia’s creaking power grid is thwarting renewables and pushing up prices
smh.com.au
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Australia presents a dynamic and evolving landscape for renewable energy investment, driven by increased policy stability, mandatory climate disclosures, and the exploration of innovative technologies. In this final instalment of our three-part series on environmental infrastructure, we share key observations related to these developments. We outline select policies, strategies, and programs of the federal, state, and territory governments aimed at achieving the nation’s net zero objectives. Sphere also summarises several notable developments within the renewable energy sector at both state and national levels. High-level statistics demonstrate Australia’s progress in renewable energy adoption, including: ▶The share of renewable energy has risen from 15% in 2017 to 39% in 2023, driven by household investments and large-scale energy projects; ▶The Commonwealth Government has set a target of 82% renewable energy by 2030, necessitating 221,000 GWh annually from renewables, up from the current 80,000 GWh; and ▶ Solar power is now one of the cheapest sources of electricity available, and Australia leads the world in rooftop solar installations. As of October 31, 2023, over 3.5 million rooftop solar PV systems have been installed across Australia, equating to approximately one in three households. Read the article here: https://lnkd.in/ghbHKCes Considering your project development requirements or require transaction advisory services? Connect with our team and let's continue the conversation. Kate Dryden Chris Godfrey Ben Bowen Giles Prowse Melody Gonyora Ken Baumli Image by: Mark Stebnicki
Exploring Australia's Renewable Energy Landscape: Policies, Programs and Government Strategies — Sphere Infrastructure
sphereinfrastructure.com
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Electrical Industry Publisher, Educator, Digital Marketing Expert - The Electricity Forum - 18,000+ LinkedIn Connections
Unprecedented Growth in Solar and Storage Anticipated with Record Installations and Investments NEW YORK - In recent years, the United States has made remarkable strides in embracing renewable energy, positioning itself for a more sustainable future. This transition has been driven by a combination of factors, including environmental concerns, economic opportunities, and technological advancements. With the introduction of the Inflation Reduction Act (IRA) and the Bipartisan Infrastructure Law (BIL), the United States is rapidly advancing its journey towards clean energy solutions. Read the complete article here https://lnkd.in/gnGgPZ87
Unprecedented Growth in Solar and Storage Anticipated with Record Installations and Investments
electricityforum.com
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