The federal government agency managing Australia’s renewable energy transition will provide $15 million (US$9.8 million) to the Australian Energy Market Operator (AEMO).
The funding will help the energy grid cope with a higher share of renewables and reduce reliance on fossil-fuel generators.
The Australian Renewable Energy Agency (ARENA) aims to move Australia towards a largely renewable electricity system both on and off the grid.
Meanwhile, AEMO is in charge of managing electricity and gas systems and markets across the nation so residents have access to “affordable, secure, and reliable” energy.
Data from the AEMO shows penetration of renewables in the national energy market hit a new record of 72.1 percent....
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