Latest news with #RenewableEnergyZone
UPI
11-08-2025
- Automotive
- UPI
Tesla applies to provide electricity to British households
Tesla filed an application to provide electricty to homes and businesses in Britain. File Photo by John Angelillo/UPI | License Photo Aug. 11 (UPI) -- Elon Musk's Tesla filed an application to supply electricity to homes and businesses in Britain. First reported by The Daily Telegraph, the electric vehicle and energy company's request for an electricity supply license has been noted publicly by Britain's nonpartisan Office of Gas and Electricity Markets energy regulating agency, or OFGEM. Tesla Energy Ventures Limited is seeking authorization to supply electricity to "any non-domestic and domestic premises" located within "Great Britain, the territorial sea adjacent to Great Britain and any Renewable Energy Zone," or areas that fall under the U.K.'s sovereign rights under the Continental Shelf Act of 1964. The application was formally submitted last month and was signed by Andrew Payne, who runs Tesla's European energy operations. Tesla, based in Texas, already has an electric company there that allows its customers to sell excess energy back to the grid. It also features an option that allows owners of its electric vehicles to plug in between midnight and noon and receive unlimited home charging for a fixed monthly fee, as well as a flat rate to charge throughout the day. The application to provide power in the Britain comes at a time when data published last week by Britain's Society of Motor Manufacturers and Traders shows Tesla's new car sales fell by nearly 60% to 987 units last month, down from 2,462 a year ago. Should the application be approved, a process that can take as long as nine months, Tesla could become an energy option in the Britain by next year.
Sky News AU
09-08-2025
- Business
- Sky News AU
Eight-fold renewables blowout in cost of NSW Central West Orana REZ would end careers in any other industry
Five years ago, the then NSW Energy Minister hailed the creation of the first Renewable Energy Zone as a bargain-priced modern-day power station that would shower households with cheaper electricity. Matt Kean revealed that the state government had committed $40 million in seed-funding. "With this funding locked in, we can bring the Central-West Orana REZ from a vision to a reality," he said. Five years later, the upfront cost for NSW taxpayers has risen to $3.6 billion. Not single megawatt of electricity has generated. This week, we learned that the capital cost for new transmission lines has leapt from a modest $650 million to $5.5 billion. It is an expensive lesson in how grand climate gestures can morph into multibillion-dollar obligations that will hang around the necks of taxpayers and consumers for decades. In a perfect world, careers would be ended by this public-policy trainwreck. Bureaucrats and politicians would be held accountable for wasted public money. Yet buck-passing is an art form in the public service, and the NSW minister who instigated the scheme has been promoted to a well-paid job in Canberra, chairing the Climate Change Authority. Central-West Orana was billed as a pilot scheme for the REZ concept. Yet its transparent failures did not deter the NSW government from increasing the number of planned zones from three to five, nor from doubling its planned capacity. The dispiriting reality is that when pilot schemes fail, bureaucrats and politicians are reluctant to admit that the program might be flawed. All that's needed are a few minor tweaks and extra funding to turn them into a roaring success. If Mr Kean's original timetable has been met, the Central-West Orana REZ would be connected to the grid by now via a new 180 km high-voltage transmission line. The earliest forecast completion date is late 2028. Its length has increased to 240 km, and costs are rising. The NSW government has committed $3.2 billion to accelerate the construction of transmission lines. It is spending $115 million to expand marshalling facilities at the Port of Newcastle to handle the shipment of components, including fibreglass, turbine blades that are more than 80m long and weigh around 25 tonnes each. Another $128 million has been allocated to upgrade roads so that the blades can be transported on specialised semi-trailers. Add to that the $128 million allocated to a Community and Employment Benefit Program, and the government's up-front costs are 90 times higher than Mr Keans's "job-done" $40 million in seed funding announced with much fanfare in 2020. The Commonwealth government will contribute $1.2 billion so far from its $20 billion Rewiring the Nation fund. The actual exposure to federal taxpayers from the Central-West Orana REZ is incalculable, as much of the assistance will come from the Capacity Investment Scheme, which underwrites the return to renewable energy companies for the life of the project. Financing arrangements at the state and federal levels are complicated. Most of the NSW government's commitment will be off-budget through a special purpose financing arrangement supporting the Spanish-led private consortium responsible for building and operating the transmission line and associated facilities. Its reward is a guaranteed income stream for 35 years. The Electricity Infrastructure Investment Act passed in 2020 stipulates that these costs will be passed on to consumers. How much it will add to electricity bills is impossible to say, as the multiple layers of implicit and explicit subsidies from two tiers of government are complicated and opaque. The bottom line, highlighted by the Productivity Commission this week, is that reducing emissions from greenhouse gases comes with costs. Quite how significant those costs might be, the Commission doesn't begin to guess in its interim report into the cost of so-called clean energy released this week. Leaving aside the question of whether Net Zero targets are a good idea, the government has a responsibility to taxpayers and consumers to ensure emissions are abated at the least cost. It says that minimising the cost of meeting Australia's emissions targets will free resources for "more productive activities". The Commission urges the government to pay urgent attention to developing "more consistent and comprehensive incentives to reduce emissions'. That will require phasing out state-based and technology-specific measures over time. For years, state and federal leaders have been trying to sell the monstrous lie that wind and solar energy is virtually free. Yet every single layer of government intervention adds further expense. Governments rarely structure these measures particularly efficiently and seldom attempt to compare benefits with costs. Preventing a tonne of COâ‚‚ entering the atmosphere by granting FBT exemptions and rebates on electric vehicles, for example, can cost up to $20,000, the Commission says. A more efficient scheme can prevent the same amount of emissions for $100. The report makes a nonsense of Mr Kean's assertion five years ago that the complex system of subsidies the NSW government was putting in place would "save households an average of around $130 per year and small businesses around $430 per year". In a November 2020 speech introducing the Electricity Infrastructure Investment Bill, the then Minister for Energy and Environment said would deliver "some of the cheapest electricity prices for industry in the entire OECD". For the record, the retail cost of electricity in Sydney has increased by 19.6 per cent over the last five years, according to the Australian Bureau of Statistics. Australian consumers pay the 15th highest price of the 38 countries in the OECD. The premium to cover the capital cost of schemes like Mr Kean's Central West Orana REZ will burden consumers way beyond 2050. The Federal Government's unfunded liability through the Capacity Investment Scheme and other poorly designed incentives is uncapped. Australia's future fiscal stability is at the mercy of wholesale power prices which are notoriously fickle Australians will be paying for this ruinous folly for generations to come. Nick Cater is a senior fellow at Menzies Research Centre and a regular contributor to Sky News Australia
Yahoo
11-06-2025
- Business
- Yahoo
L&T secures new grid infrastructure orders in India and Middle East
Indian multinational Larsen & Toubro (L&T) has announced that its Power Transmission & Distribution (PT&D) business has secured new orders to enhance grid infrastructure in India and the Middle East. In India, the PT&D vertical has been awarded contracts to construct 765kV and 400kV transmission lines as part of the integration of a Renewable Energy Zone in Andhra Pradesh. These high-capacity transmission lines are crucial for the distribution of power generated from renewable sources. In the Middle East, L&T also secured orders. The PT&D business will execute a series of 220kV and 132kV gas-insulated substations (GISs) on a turnkey basis. These projects are commissioned by undisclosed transmission asset owners and operators in the region. The new orders, classified as 'major' by the company, range in value from Rs50bn ($584m) to Rs100bn. Earlier in March this year, the PT&D vertical received new contracts in India and abroad. The Indian contract comprised the implementation of 765kV and 400kV transmission lines in Uttar Pradesh and a 400kV line in southern India. In the Middle East, the company won a contract for a 380kV GIS in Saudi Arabia, which includes reactors and hybrid GIS bays. In Abu Dhabi, meanwhile, L&T will establish a 220kV/33kV grid station. Furthermore, Larsen & Toubro's Buildings & Factories (B&F) vertical has also secured two 'large' orders from state and central government enterprises in India. The company received an engineering, procurement, and construction contract from the Central Public Works Department for the construction of Common Central Secretariat buildings 6 & 7 in New Delhi. Additionally, B&F obtained a design-and-construction contract from the Government of Andhra Pradesh for the construction of the State Legislative Assembly. "L&T secures new grid infrastructure orders in India and Middle East" was originally created and published by World Construction Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Standard
10-06-2025
- Business
- Business Standard
L&T bags 'major' orders for power transmission and distribution biz
The Power Transmission & Distribution (PT&D) business vertical of Larsen & Toubro has won new grid infrastructure orders in India and abroad. According to company's project classification, these are major orders valued in the range of Rs 5,000 crore to Rs 10,000 crore. In India, it has won an order to build 765kV and 400kV transmission line jobs pertaining to the integration of a Renewable Energy Zone in Andhra Pradesh. In the Middle East, the business has received orders to execute a set of 220kV and 132kV Gas Insulated Substations on turnkey basis. These orders come from leading transmission asset owners and operators in the respective countries. The new orders mark a key milestone for PT&D in its pursuit of delivering future-ready grid infrastructure to help realise the energy transition and sustainable energy goals of its valued customers.
Time of India
10-06-2025
- Business
- Time of India
L&T bags major grid infrastructure orders in India and Middle East
Larsen and Toubro 's (L&T) Power Transmission & Distribution (PT&D) on Tuesday announced that it has secured major new grid infrastructure orders in India and abroad. According to the company's project classification, the order ranges between ₹5,000 to 10,000 crore. In India, the company has bagged contracts to build 765kV and 400kV transmission lines, which are vital for the integration of a Renewable Energy Zone (REZ) located in Andhra Pradesh Expanding its international footprint, L&T's PT&D business has also secured orders in the Middle East. The scope of these orders includes the execution of a set of 220kV and 132kV Gas Insulated Substations (GIS) on a turnkey basis. Larsen & Toubro's PT&D business is a key player in the global energy infrastructure sector, offering a comprehensive range of integrated solutions from design and manufacturing to supply, construction, and commissioning of high-voltage transmission lines, substations, and distribution projects. They are also active in industrial project electrification, instrumentation, and control systems.
