Solar leads way for new-build power source as all technology prices surge
A new report released by Australia’s national science agency shows that renewables, led by large-scale and rooftop solar, remain the cheapest form of new-build power generation in Australia despite a 20% average rise in technology costs.
Traditional owners team with ACEN to target 3 GW of renewables
The traditional owners of Yindjibarndi lands in Western Australia have struck a deal with Philippines-based energy giant ACEN Corporation to develop more than 3 GW of wind, solar and battery storage in the state’s Pilbara region.
Queensland identifies 12 renewable energy zones as part of 22 GW clean energy shift
The Queensland government has identified a dozen regions across the state for renewable energy zones that will form the backbone of its $62 billion (USD 41.5 billion) energy transition plan that calls for an additional 22 GW of new wind and solar projects by 2035.
Akaysha does revenue swap deal for 300 MWh battery project
The 150 MW/300 MWh Ulinda Park battery project planned for Queensland’s Western Downs region is a step closer to a final investment decision with battery and renewable energy developer Akaysha Energy inking a hedging deal designed to manage revenue-related risks for the estimated $150 million (USD 100 million) project.
Consultation opens to help unlock Australia’s renewable hydrogen future
Consultation is now open on the design of the federal government’s $2 billion (USD 1.33 billion) Hydrogen Headstart program that is aimed at bridging “the commercial gap for early projects” and placing Australia on course to develop 1 GW of electrolyser capacity by 2030 through two to three flagship projects.
Atco applies brake to 2,600 MWh pumped hydro project
A 325 MW/2,600 MWh pumped hydro project planned for the New South Wales central west faces an indefinite delay with developer Atco announcing it will hold off on the next stage of the regulatory approvals process until the state government’s policy frameworks “are close to being able to support financial investment decisions for large-scale infrastructure.”
Report finds South Korean partnership essential for Australia’s critical minerals future
Australia must leverage bilateral trade agreements to capitalise on a once-in-a-century opportunity to be a global leader in energy transition, a new report from the Climate Energy Finance think tank suggests.
The Hydrogen Stream: China starts world’s biggest solar-to-hydrogen site
China’s Sinopec has switched on the world’s largest solar-to-hydrogen project in Xinjiang, while India has unveiled a new plan to incentivize green hydrogen and electrolyzer production.
Solar will be in ‘unassailable position’ as cheapest source of electricity
Solar levelized cost of electricity will reach less than $45 (USD 30) per MWh in 2050 as global capacity grows 22-fold, said DNV.
Ballooning connection and TNSP charges frustrate battery projects, vexation over monopolies
A sharp rise in connection and terminal station charges is stalling storage from coming online, according to an Australian developer. While the price hikes could be attributable to a quagmire of complications the industry currently faces, the developer questioned whether Australia’s TNSP monopoly system is a contributing factor.
