First concrete poured at site of one of Australia’s biggest, and lowest cost, wind energy developments – the 530MW Stockyard Hill Wind Farm in western Victoria.
The first and largest of its kind in the world, the Canberra Virtual Power Plant project solves grid challenges that arise from wholesale market volatility, peaks in demand and generation, and poor power quality.
Kind of. The Australian dollar is up and away as China’s Li Keqiang makes soothing noises today: Aussie bonds are getting hosed. The short end even threatening to break out. Great buying for mine: ASX is up modestly: Dalian too: It’s all about dirt as markets shift to incorporate more Chinese stimulus. Big Iron is
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Five years to the day after the Coalition won office, it still has no climate and energy policy, except for a fig leaf and a green army slogan. And it is actually boasting that this is a good thing.
By Leith van Onselen Fairfax’s Ross Gittins has penned an excellent article today lamenting the neoliberal obsession with transferring the provision of public services to private providers: A key part of the era of what we used to call “micro-economic reform” has been to take services formerly provided by governments – and sometimes charities –
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By Brian Morris Australia has already been described as a ‘soft theocracy’. The question is, despite the public showing less religiosity, will a more overtly Christian PM subvert the nation’s preference for secular values? Australia has continued to move steadily towards progressive policy – most notably to finally legalise same-sex marriage last year. But that came…
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Via S&P: Australian prime home loan arrears rose year on year in July but remained unchanged month on month, according to a recently published report from S&P Global Ratings. The Standard & Poor’s Performance Index (SPIN) for Australian prime mortgages, which has been steady at 1.38% since May, was up from 1.17% a year earlier.
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By Leith van Onselen Late last year, The SMH reported on the dire situation facing Australia’s university graduates, whereby there were 22 graduates fighting for every graduate job: Across Australia, about 22 university graduates are competing for every new graduate position and many will need to settle for low-paying entry roles “just to get their
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Excellent stuff from Damien Boey at Credit Suisse today: Has Assistant Governor Kent discovered religion? No. RBA Assistant Governor Kent has just delivered a speech on money creation. The primary purpose of his speech is to dispel the myth that the growing gap between bank loan growth and deposit growth explains or predicts the rise
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By Leith van Onselen In June last year, the Australian Senate cross-bench voted with the Turnbull Government to pass its $23.5 billion ‘Gonski 2.0″ needs-based schools funding bill. In the lead-up to the Senate vote on Gonski-2.0, several education experts voiced their opposition to Labor’s original flawed Gonski model, urging reform. These included: the Grattan
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Via an increasingly hysterical Ambrose Evans-Pritchard today: If Donald Trump and his close advisers think China’s economy is tottering on the brink and acutely vulnerable to pressure, they are sorely misinformed. …Construction is picking up after a slowdown earlier this year. Industrial profit margins are at a seven-year high of 7 per cent, despite a
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Via Westpac: •The six month annualised growth rate in the Westpac–Melbourne Institute Leading Index, which indicates the likely pace of economic activity relative to trend three to nine months into the future, fell from 0.5% in July to -0.02% in August. The growth rate in the Index has been volatile through 2018 but appears to
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By Leith van Onselen Already under fire from the union movement for passing the Trans-Pacific Partnership (TPP) trade agreement because of its deleterious impact on Australian workers, some Labor MP are also in open revolt. From The Herald-Sun: Minutes of a heated meeting of federal Labor MPs last week have been leaked, revealing widespread internal
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Via DEEWR: A slightly better month but the trend has definitely falttened out.
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By Leith van Onselen In the wake of the massive cost blow-outs and delays hitting both the Parramatta Light Rail Project and the Eastern Suburbs Light Rail Project, the former head of Infrastructure NSW, Paul Broad, in June described the Eastern Suburbs Light Rail Project as a waste of money and a vanity project that should have never been
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