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Why the Australian government should welcome Mike Cannon-Brookes’ plan to takeover AGL

Prime Minister Scott Morrison has flatly opposed the bid led by tech billionaire Mike Cannon-Brookes to buy Australia’s biggest energy company AGL and spend $20 billion switching it to renewables. This includes closing its coal power stations by 2030.

MCG claims Australian first with switch to 100% renewables

The famous Melbourne Cricket Ground is claiming an Australian first with energy retailer EnergyAustralia saying the iconic sports ground in the Victorian capital is the first major stadium in the nation to be run entirely on 100% renewable power.

NSW councils sign $180m renewable energy supply deal

A cohort of 25 New South Wales councils has signed a renewable energy supply deal worth an estimated $180 million that will see the local government associations supplied with electricity sourced from three of the state’s large-scale solar farms.

Australian hydrogen battery technology to be tested in UK

Australian technology company Lavo’s innovative energy storage system – based on storing green hydrogen in a patented metal hydride – has attracted the attention of the UK government which has provided financial backing to allow for a demonstration facility to be installed in England’s northwest.

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LG shuts down solar module manufacturing operations

South Korean solar module maker LG Electronics has announced it will shut down its solar panel manufacturing business by the end of June, citing uncertainties in the global solar industry for its decision.

Eraring early closure sparks calls for co-ordinated approach

Origin Energy’s announcement that it is accelerating the closure of Australia’s largest coal-fired power station has triggered calls for the Federal Government to develop a nationally co-ordinated approach to manage the retirement of fossil fuel generation as well as support investment in new clean energy generation.

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UK fund manager backs NT venture to generate $50 billion

The Australian arm of UK-based global fund manager Octopus Group has announced it will partner with Indigenous communities on plans for renewable energy projects it says could attract investments of as much as $50 billion over the next decade.

CEFC gives green light for specialist fund manager

The Australian government’s green bank has announced the launch of its first specialist fund manager as it looks to increase the amount of investment capital available for clean energy start-ups that can help achieve net zero emissions.

ElectraNet announces ‘major’ milestone for interstate transmission project

Major construction work on the first new electricity interconnector to be built between Australian states in 15 years has commenced with transmission company ElectraNet confirming work has begun on the South Australian section of the $2.3 billion Project EnergyConnect which will link power grids across three states, potentially unlocking gigawatts of renewable energy projects in its path.

Infinite Energy pulls plug on rooftop solar and battery business

One of Australia’s largest residential and commercial solar PV retailers and installers has announced it will exit the market, declaring low margins and once-in-a-generation disruptions to the supply chain brought on by the Covid-19 pandemic have taken a toll.

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