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Budget 2019: More businesses get instant asset write-off for solar installations

Budget 2019: More businesses get instant asset write-off for solar installations

More Australian businesses can now invest in renewable energy thanks to an expanded instant asset write-off. As a result, solar installation tax deductions are now easier to obtain. Federal Treasurer Josh Frydenberg has broadened the existing scheme in the 2019-20 Budget to include firms with less then $50 million in annual revenue. Previously it was open to those businesses with less than $10 million in yearly revenue.

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Mythbusting electric vehicles: Who’s telling the truth about EVs in Australia?

Mythbusting electric vehicles: Who’s telling the truth about EVs in Australia?

Australia is beset with electric vehicle myths and misconceptions, and it’s even more confusing as politicians hit the accelerator ahead of a May federal election. The Coalition seemed positive about EVs last year when Angus Taylor was spruiking an ultra rapid charging network. Meanwhile, Treasurer Josh Frydenberg is a long-time supporter of EVs.

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‘Unprecedented’ level of renewables needs better grid integration: AEMC report

‘Unprecedented’ level of renewables needs better grid integration: AEMC report

An “unprecedented” level of renewable energy is flooding into Australia’s power network requiring new technology to support electricity grid integration. The Annual Market Performance Review 2018 from the Australian Energy Market Commission (AEMC) says the national grid is struggling with the transition to renewable energy like wind and solar power. As a result it is “under increasing pressure”.

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