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Victoria
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Press Releases
VNI West Project could delay the retirement of coal generators
Analysis conducted by Cornwall Insight Australia reveals that certain coal plants in New South Wales (NSW) may benefit from delaying their retirement, following the release of new plans for the VNI West transmission project. The 'conclusions report' from the Australian Energy Market Operator (AEMO) indicates that under the preferred scenario...
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Press Releases
Victoria must increase transmission capacity to meet offshore wind targets
Data analysed by Cornwall Insight Australia has shown that Victoria will need to increase its transmission capacity in the South East by an additional 2GW by 2035 and 7GW by 2040 if it wants to capitalise on new capacity and help meet the state’s ambitious offshore wind targets. The Bass...
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Press Releases
Victorian Government announcement could help address supply gaps but raises questions for other investors
The Victorian Government’s announcement on Thursday to resurrect the State Electricity Commission (SEC) may largely address supply gaps identified from recent Cornwall Insight Australia analysis. According to the proposal, the SEC will receive $1b of initial investment to deliver 4.5GW of renewable power, this should help address the supply gap...
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Press Releases
Minimal wind generation in Victoria highlights the importance of good interconnection
According to the latest research from Cornwall Insight Australia, the minimal wind generation observed at the beginning of July in Victoria highlights the importance of good interconnection between states as variable renewable energy (VRE) grows. Figure 1 shows the half-hourly generation by technology within Victoria over the second week of...
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Press Releases
Market Price Cap incidents on the rise in the last two years
Instances of sustained Market Price Cap (MPC) – especially during high demand days – have been on the rise in recent years, according to the latest research from Cornwall Insight Australia. In the last two years, the total count of periods when the market has settled at MPC is 16...
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Press Releases
7GW of battery storage projects in the pipeline across Australia
Projections from Cornwall Insight Australia show there is ~7GW of battery storage projects proposed or currently in the planning process. Of that 7GW there is just over 900MW of committed or significantly progressed storage projects set to be delivered by 2024. Key findings ~7GW of battery storage projects either proposed...
