Access to extremely detailed consumer energy data is becoming available in Australia part of the federal government’s Consumer Data Right scheme. Used imaginatively, the data has the potential to improve how investment decisions are made, and could even open up new approaches to energy retailing, Stuart Low, founder of Biza tells pv magazine Australia.
Following consultations with industry stakeholders, Australia’s Clean Energy Regulator will open an application process to decide which organisation will list approved solar panel and inverter equipment lists in future, part of a major overhaul to the industry.
Canadian investment giant Brookfield will acquire the remaining 50% stake in Spain-based renewables developer X-Elio from its joint venture partner, investment firm KKR. X-Elio has more than 500 MW of projects in development in Australia and the move from Brookfield, which is also currently looking to takeover Origin Energy, a major Australian “gentailer,” extends the ambitious company’s hold in Australia.
Queensland is continuing its rollout of publicly-owned batteries, announcing the town of Emerald in its Central Highlands Region will soon host a 4 MW / 8 MWh battery. While the announcement doesn’t make reference to buzz term ‘community batteries,’ it seems the state is effectively rolling out a storage fleet to deliver on the promises of the concept.
New investment in solar and wind hit a record 7.1 GW in Australia in 2022, with the Clean Energy Regulator reporting a 50% increase in large-scale projects reaching final investment decision compared to 2021. In total, 5.3 GW of new renewable energy capacity was added to the grid in 2022, according to the Regulator’s State of Renewables report.
German startup 1Komma5 has started production on its own solar modules, which are expected to hit Australian shores “imminently,” Chris Williams, CEO of its APAC arm, told pv magazine Australia. The company has just signed a polysilicon contract with fellow German company Wacker, a step towards addressing issues around unethical labour and embedded emissions in solar’s supply chain.
The Bendigo Bank has reported a massive 600% spike in customers accessing green loans in the last year. The news comes just after the federal government’s green bank paired up with the Commonwealth Bank to begin offering builders and renovators working to high energy efficiency standards reduced rates on their home loans.
The investment platforms from Octopus Investments Australia are set to acquire three new projects in the coming months in Queensland, Victoria, and New South Wales. Launched in 2022, the OREO and OASIS platforms “allow wholesale investors and mums and dads to invest alongside big institutional investors and get access to big projects in Australia,” Managing Director Sam Reynolds told pv magazine Australia.
Hydrogen truck maker Hyzon has launched what is being hailed as Australia’s first locally designed and built hydrogen-powered truck at its regional headquarters in Melbourne. The 27-tonne truck is hitting Australian roads in a series of commercial trials this year, including as part of a longterm partnership with RACV, which has ordered three tow trucks.
Executives from Gentari, the clean energy subsidiary of Malaysia’s state-owned oil company Petronas, and Japan’s biggest steelmaker, Nippon Steel, are eying Australia for future investments in renewables projects and green-steel manufacturing.
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