One day after the PM appeared to throw his support behind the development of a new coal plant for Australia – to shore up the nation’s “continuous power sources” – AGL Energy CEO Andy Vesey has delivered a couple of energy market home truths and clarifications: renewables will be the only source of new baseload energy in Australia, and coal cannot compete.

Prime minister Malcolm Turnbull appears to have caved in to the fossil fuel lobby and the right wing of his Coalition after announcing that he would look at the need to replace coal-fired power stations with “continuous power sources” such as new coal, or gas.

The highly ambitious solar and battery storage developer Lyon Group has unveiled yet another big project, this time a $660 million solar plus storage project in Victoria, adding to its growing portfolio in South Australia and Queensland.

Fifty per cent of Australians say they would buy an electric vehicle, according to a new report commissioned by the Electric Vehicle Council.