Archive for the ‘Victoria’ Category

Renewable energy takes a step forward in Victoria

October 8, 2011
CBD buys Victorian retailer, SMH. Brian Robins, October 8, 2011 Gerry McGowan’s company, CBD Energy, has taken its first step into retailing by acquiring Victoria-based Neighbourhood Energy, from Alinta Energy.

With 65,000 customers, CBD Energy is paying $24.9 million, or $383 a customer, funded by borrowings and an improving cash flow, following the start of its wholesale solar projects in Italy.

The purchase will make CBD Energy a vertically integrated retailer and generator of renewable energy, it said….

The acquisition follows the purchase of land and development approvals for a 100 megawatt wind farm near Goulburn, south-west of Sydney, which will cost $220 million to develop, although the capital commitment of CBD Energy, if any, to this venture has yet to be determined.

This purchase was through a recently launched joint venture with two Chinese renewable energy companies, Datang and Tianwei, which is targeting a third of Australia’s wind energy market over the next eight years.

Mr McGowan said CBD Energy’s revenues ”will grow aggressively again this year” after a fourfold increase to $160 million in the year to June.

Read more: http://www.smh.com.au/business/cbd-buys-victorian-retailer-20111007-1ldwu.html#ixzz1aDp6PqMV

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Smart grid for Australia – a world first

October 23, 2009

SP AusNet Selects GE for World`s First 4G Communications Smart Grid Solution, Delivering Revolutionary Security and Reliability Benefits

Oct 22, 2009 GE Brings Together Ecosystem of Companies to Deliver a Smart Grid Solution for
Today and Tomorrow
ATLANTA–(Business Wire)–

GE Energy Services announced today that SP AusNet, one of Australia`s largest
utilities, will be the first in the world to implement GE`s WiMAX
fourth-generation (4G) smart grid solution. (more…)

Spain to assist Australian state in renewable energy

October 10, 2009

Spanish Firms Look at Investments in Australia’s Victoria State Latin American Herald Tribune 10 Oct 09 MELBOURNE, Australia – Representatives of Spain’s Acciona, Abengoa Solar and Tecnicas Reunidas, which have operations in Australia, met here Thursday with Victoria state officials to discuss possible renewable energy and infrastructure projects. (more…)

Natural gas best transitional energy for fighting global warming

October 2, 2009

Push for shift to natural gas The Age MATHEW MURPHY

October 2, 2009

A SWITCH from coal to gas could cut Victoria’s greenhouse gas emissions by 25 per cent, says Australia’s peak gas transmission body, which has warned that governments will fall short of emission reduction targets unless the deployment of gas is accelerated. (more…)

Arrests as protesters demand shutdown of coal plant

September 13, 2009

22 arrested at power station protest
ABC News 13 Sept 09

Victorian police arrested 22 climate change protesters at a Latrobe Valley power station on Sunday. (more…)

Solar parks ready soon

September 12, 2009

Solar parks ready soon
Bendigo Advertiser12/09/2009
SOLAR parks in Bendigo and Ballarat designed to promote carbon emission reductions at a community level are due to be completed in less than six months.

The $42 million Central Victoria Solar City solar parks plan is aimed at providing large-scale, locally generated power from a renewable source. (more…)

Wind power for Victoria

August 1, 2009

A glimpse of the future for Victoria’s hilltops
The Age Adam MortonAugust 1, 2009SOME will tilt at them, but it would seem a pointless exercise: a surge in windmill construction is set to recast the Victorian landscape.Two needs — offsetting the state’s electricity-hungry new desalination plant and meeting an incoming national renewable energy target — are to trigger a huge expansion of wind power across the state……………………

The Liberal Party supports the central point of the bill, which is to force electricity retailers to buy a fifth of their energy from clean sources by 2020. Energy analysts say unless it is changed the overwhelming majority — more than 90 per cent — of this investment in the short term will be in wind, easily the cheapest form of renewable energy.

Much of this will be in Victoria. The state has eight wind farms with 266 turbines. To date this accounted for less than 2 per cent of Victoria’s energy generation.

Compare this with what is proposed: 20 farms with 850 turbines have been approved and are waiting to finalise finance and manufacturing deals so they can be built.

Another 27, with more than 1000 turbines, are at proposal or planning approval stage.”If you look at a wind map of Australia, alongside Tasmania and South Australia, Victoria is the most attractive wind-yielding state,” Mr Dimery says.

According to Environment Victoria, the proposed wind farms could be enough to replace one of the state’s brown coal-fired electricity generators.

A glimpse of the future for Victoria’s hilltops