The Victorian Government’s second Victorian Renewable Energy Target (VRET) renewable power and LGC offtake reverse auction is expected to deliver at least 600 MW of large scale renewable energy projects, marking a significant contribution toward reaching Victoria’s renewable energy target of 50% by 2030. Read more
The Offshore Electricity Infrastructure Bill 2021 establishes a regulatory framework to facilitate the full life-cycle of offshore electricity infrastructure, from construction through to decommissioning, in the Commonwealth offshore area. Snapshot Once passed, the legislation will: establish a licencing framework for three categories of offshore electricity infrastructure activities in Commonwealth offshore areas: commercial (including feasibility), research … Read more
The Australian Government has committed over AUS$1.1 billion for hydrogen, CCS/CCUS and international technology partnerships. The funding comes from the 2021-2022 Federal budget and broadly consists of: AUS$275.5m for the development of four hydrogen hubs AUS$263.7m for the development of CCS/CCUS projects AUS$565.8m for international technology partnerships This week’s Federal Government’s commitment sees some AUS$1.1 … Read more
The Supreme Court of Victoria has confirmed that wind farm assets on leased land do not constitute land to be valued. This is significant in the context of Victorian Fire Services Levy, duty and income tax on sale for foreign investors. A recent test case in the Supreme Court of Victoria in AWF Prop Co … Read more
The 2020-2021 Victorian Budget will see an injection of Victorian Government capital to continue encouraging investment in renewable energy technologies across Victoria. The Victorian Government has announced that it will invest a total of $540 million over the next four years to establish six renewable energy zones (REZs) across Victoria. The REZ’s will be located … Read more
Victorian Government announce market sounding process to test industry interest and capacity for 600+ MW of new solar, wind and other renewable energy projects. Round 2 VRET auction The Minister for Energy, Environment and Climate Change, Lily D’Ambrosio, announced on 2 September 2020 the commencement of a market sounding process from interested proponents for the … Read more
We are delighted to present an update to our European Energy Handbook. The European Energy Handbook usually reports on regulatory, legal and market developments in the European energy sector. However, these are not usual times as the COVID-19 pandemic is creating significant health, social and economic challenges worldwide, forcing governments and businesses to critically assess the impact on their people, operations and governance. In many jurisdictions, governments have made available support schemes for businesses in an effort to mitigate the consequences of the pandemic on their businesses. In this special edition, we cover 52 jurisdictions across the globe. Read more
Following on from the four reverse auctions held between 2012 to 2016, the ACT Government has announced a new renewable energy reverse auction (the Reverse Auction) to “safeguard the delivery of sourcing 100% renewable electricity by 2020 from within the ACT or across the National Electricity Market”.
On 8 November 2019, the Minister for Climate Change (the Minister) determined that...
The Federal Government re-introduced its much-criticised ‘big stick’ energy laws this month after having abandoned the first iteration of the bill in December 2018. On 19 September the Government introduced the Treasury Laws Amendment (Prohibiting Energy Market Misconduct) Bill 2019 into the House of Representatives. The Bill introduces sector specific misconduct provisions into the Competition and Consumer Act for certain retail pricing, financial contracting and wholesale bidding conduct by electricity generators and retailers. The Bill also introduces radical remedies for contraventions of these provisions ... Read more