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What do you put in the middle of Australia’s sunny and mostly deserted Outback? Hint: it’s bigger than a blooming onion! Australia’s Northern Territory will likely soon be home to the world’s largest solar farm, revolutionizing both Australia’s and Singapore’s energy sector. The project, Sun Cable, will house an array of 10-gigawatt solar panels across 37,000 acres of desert, backed by a battery storage unit able to supply power 24 hours a day. Construction for this 20 billion dollar plan is set to begin in 2023, with operations commencing as early as 2027.
Why This Matters: Fossil fuels still dominate the global energy industry despite being extremely hazardous to the climate and environment. Declining capital costs for renewable energy, especially in developed countries all around the globe, however, is transforming the industry as the development of low-cost energy is becoming more and more feasible. Australia’s gigantic and historic project is proof of this trend. The cross-country cooperation and energy sharing between Australia and Singapore is another momentous breakthrough, and an example for the future of the energy sector and how countries and companies think about cross-border cooperation — even across the ocean. Given that capital costs to develop massive projects like this one are lower in developed countries, experts predict that Australia could be at the center of low-cost energy in a future fossil-free world.
Another group of developers is working on an even bigger and more ambitious combined wind and solar hybrid plant in Australia to power local industry and develop a green hydrogen manufacturing hub.
The scale of the proposed Asian Renewable Energy Hub has expanded from 11GW to 15GW, and if built, it will be the largest wind-solar hybrid in the world.
Australia has the greatest potential renewable energy resource in the developed world, and it could expand its energy production while significantly reducing global carbon emissions — a win-win given its current fossil fuel exports.
President Trump trumpeted his trade deal with China, but so far it has been a bust, according to The Wall Street Journal — the Chinese have not purchased nearly the amount of energy (in terms of total dollars) as they promised — only $2B in oil and gas purchases against a commitment of $25B for this year.
A federal judge in Washington, DC ruled yesterday that the Dakota Access Pipeline must shut down and empty all its oil until the government completes an environmental review of the pipeline’s impacts, giving the Standing Rock Sioux Tribe, whose reservation lies downstream, a huge victory. Similarly, late in the day, the Supreme Court refused to overturn the order of a district judge that shut down construction of parts of the Keystone XL pipeline so it is also blocked for now.
Why It Matters: The Dakota and Keystone XL news is greatly tempered by the fact that numerous other pipeline projects can go ahead despite their inadequate permit unless they are individually challenged in court and blocked.
Yesterday, Dominion Energy and its partner, Duke Energy, announced they were ending a 600-mile natural gas project that would have cost at least $8 billion to complete. As the Richmond Times-Dispatch wrote, Dominion and Duke canceled the construction of the Atlantic Coast Pipeline in the face of mounting regulatory uncertainty caused by a federal court […]
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