The New South Wales (NSW) Government has announced it will be supporting the construction of a new $100 million (US$78 million) battery as part of a plan to substitute electricity generation after the planned closure of the Liddell coal-fired power plant in 2023. The decision comes amid NSW’s recent power grid instability, which saw one of Australia’s largest…
Climate Activists at Odds With NSW’s $600 Million Gas Plant
Prime Minister Scott Morrison has confirmed up to $600 million (US$470 million) will be invested in ensuring the completion of a 660 MW open cycle gas-fired power station in the Hunter Valley of New South Wales (NSW). However, Climate activists groups, such as the Climate Council, have called for Australia to cut off funding towards…
Australia’s Largest Energy Company Splits in Two to Cope With Falling Energy Prices
Australia’s largest energy producer and retailer, AGL Energy, will be dividing itself into two new companies that will focus separately on energy production and retail. Announcing the changes on March 30, AGL said it would divide into New AGL, which would take care of AGL’s multi-product retail side, including the delivery of electricity, gas, internet, and mobile…
South Korea Unveils $43 Billion Plan for World’s Largest Offshore Wind Farm
SEOUL—South Korea unveiled a 48.5 trillion won ($43.2 billion) plan to build the world’s largest wind power plant by 2030 as part of efforts to foster an environmentally-friendly recovery from the COVID-19 pandemic. The project is a major component of President Moon Jae-in’s Green New Deal, initiated last year to curb reliance on fossil fuels…
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