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.

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.

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.

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.

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.

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.

Two of Australia’s most prominent energy players, Fortescue Future Industries and oil and gas giant Woodside Energy have been included on a shortlist of potential development partners for a proposed 600MW green hydrogen production and export facility planned for New Zealand’s South Island.

Renewable energy investors have again shattered the New South Wales Government’s expectations with more than 80 clean energy projects representing more than $100 billion of potential investment registering for the Hunter-Central Coast Renewable Energy Zone.

Western Australia will today introduce new curtailment rules which will allow for all new and upgraded solar PV and battery energy storage installations with an inverter capacity of 5 kW or less to be remotely turned down or switched off in emergency situations.

The proposed 1.5 GW Marinus Link transmission project, which would link Tasmania and the Australian mainland via an undersea electricity interconnector, has reached another milestone with the launch of a new engineering survey which aims to identify the most suitable corridor for the cables.