Energy & Resources Talking Points 25-05-2016


China power generation transformation
According to an industry insider featured at the 2016 International Photovoltaic Power Generation Conference in Shanghai, by 2050 China will have nearly 100% of its electricity needs fuelled by renewable energy sources. This is being driven by revolutionary new renewable energy technologies such as “micro-grids, smart electricity optimization and efficient storage”. The solar industry continues to prospoer, with technological advancements helping improve efficiency. Many renewable energy companies are capitalising upon this new surge, including German company Heraeus, which recently opened a new technical centre in Shanghai. Click here for the full article.

China to curb mass steel exports according to association
In an effort to help alleviate some of the apprehension concerning the alleged dumping of steel products in order to ease a “domestic supply gut”,  a Chinese association representative stated on Tuesday that China “does not seek to boost steel exports”. These fears have been heightened in recent years with statistics showing steel exports climbing with Chinese firms growing up to 20 percent year on year (totalling 112 million tons sold to foreign markets). In response the Chinese government has instigated a series of regulations to help mitigate the growing trend, including “export duties and lower tax rebate rates for some steel products”. Click here for the full article.

Hornsdale experiences Turbines
As of June a $750 million Wind Turbine Farm in Hornsdale South Australia will become operational. The project was financed and operated by the French Group Neoen, and will feature a total of 32 turbines and will have the ability to churn out 100MW. The company has projected that this development will reach up to 600MW in capacity by 2020, and will extend its scope for other viable renewable energy projects within the South Australia region. In addition to this, another 333 kilowatt turbine was established in the Antartic this week. Click here for the full article.

South Australia highest ranking Australian state for renewable energy
According to renewable energy rankings published by the Climate Council, South Australia and the ACT remains Australia’s leaders in renewable energy, with the same rankings also demonstrating that NSW is lagging behind. NSW’s lacklustre position is reflected by its drop in renewable energy generation. Falling from 7 percent in 2013 to 6 percent in 2014. Comparatively, South Australia has increased its renewable energy generation from 26 percent in 2013 to 40 percent in 2014. South Australia has also reiterated its commitment to renewable energy with aims of a “50 percent energy target by 2025…zero net emissions by 2050”. Click here for the full article.