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Showing 1 - 10 of 18 results for "NEM"

Cbus divests renewable asset

ELIZA BAVIN  |  THURSDAY, 6 FEB 2025  |  NEWS
... our existing portfolio of solar and wind assets across the Wholesale Energy Market (WEM) and National Electricity Market (NEM). "We are committed to continue driving the energy transition across Australia. Our new Western Australian assets position us ...

Energy market not fit for investors

ROSE MARY PETRASS  |  MONDAY, 3 FEB 2025  |  NEWS
The National Electricity Market (NEM) is not fit to attract the $122 billion required for the net zero transition, according to the Clean Energy Investor Group (CEIG). Market settings are outdated and built for the coal and gas era, says CEIG chief ...

First renewable energy zone to start works

ROSE MARY PETRASS  |  TUESDAY, 2 JUL 2024  |  NEWS
... initiative under the NSW Electricity Infrastructure Roadmap to export electricity to the rest of the National Electricity Market (NEM) network. To gain approval, the state government assigned nearly 100 approval conditions to support rollout. "This is ...

PRI appoints RI ecosystem officers

RACHEL ALEMBAKIS  |  THURSDAY, 29 FEB 2024  |  NEWS
The Principles for Responsible Investment (PRI) has hired a chief RI ecosystems officer for the Americas and APAC and promoted another to a similar role covering the UK, Europe and India, Middle East and Africa. Cambria Allen-Ratzlaff is chief RI ecosystems ...

Capacity Investment Scheme expansion to jolt renewable energy

ROSE MARY PETRASS  |  THURSDAY, 23 NOV 2023  |  NEWS
... four years, inviting competitive tender bids for energy storage. The installed capacity of the National Electricity Market (NEM) is currently 64GW (71GW including the 7GW in the West Australian South West Interconnected System). The CIS replaced the ...

A portfolio approach for renewable investment: Energetics

RACHEL ALEMBAKIS  |  THURSDAY, 2 NOV 2023  |  NEWS
... recent report by the Clean Energy Investor Group (CEIG) found that decarbonising Australia's National Electricity Market (NEM) is possible, but requires $421 billion in investment between now and 2050. The report identifies six areas for action - ...

Aware Super plugs in to renewable energy platform

RACHEL ALEMBAKIS  |  WEDNESDAY, 18 OCT 2023  |  NEWS
... to the grid as intermittent renewable generation is developed while currently there is only 2.7 GW of energy storage in the NEM. McGregor said the platform's acquisition strategy will focus on late-stage developments, ready-to-build projects and equity ...

$500bn investment needed to decarbonise NEM

RACHEL ALEMBAKIS  |  TUESDAY, 18 APR 2023  |  NEWS
It is possible to decarbonise Australia's National Electricity Market (NEM) in line with the ambition of limiting global warming to 1.5°C, but it carries a price tag of nearly half a trillion dollars of investment between now and 2050. The Clean ...

Brookfield consortium to buy Origin Energy for $18.7bn

RACHEL ALEMBAKIS  |  TUESDAY, 28 MAR 2023  |  NEWS
... identified by the Australian Energy Market Operator that is required to be developed across the National Electricity Market ("NEM") through to 2030. MidOcean is an LNG company formed and managed by EIG. The acquisition of Origin's gas assets extends ...

Safeguard Mechanism reforms to prompt ACCU demand

RACHEL ALEMBAKIS  |  THURSDAY, 26 JAN 2023  |  NEWS
... shortage. The research modelled ACCU demand against the emissions intensity reductions of the National Electricity Market (NEM), which reduced baseline emissions by 24% between 2014-2021. "Assuming the Safeguard Mechanism ambitiously manages to replicate ...
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