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ARENA launches $43 million program for industrial abatement studies as concern around mandate change grows

The Australian Renewable Energy Agency (ARENA) today announced the launch of its $43 million program aimed at identifying how to reduce emissions in industry. The program’s launch comes amid concern about proposed changes to ARENA’s funding mandate as the Commonwealth Government seeks to expand definitions to include funding for controversial technologies and fossil fuel projects.

Victorian developers commit $5.8 million in first sale of Australian company’s modular hydrogen production units

Sydney-headquartered Patriot Hydrogen has secured the first sale of its modular hydrogen production ‘P2H’ units. It is set to deliver Port Anthony Renewables Limited two of the modules by the end of the year.

Australian financiers invest $141 million in concentrated solar power (CSP) plants in Spain

Australian financial group Macquarie Asset Management on Monday announced a €90 million (AU$141.5 million) debt investment in a portfolio of concentrated solar power (CSP) plants in southern Spain.

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Solar & wind still cheapest generation sources in Australia, despite costly integration, CSIRO finds

Australia’s national science agency, the CSIRO, and the Australian Energy Market Operator have found even when factoring in additional ‘integration’ costs such as storage and new transmission infrastructure, solar and wind continue to be the cheapest sources of new-build electricity generation in Australia.

World-first ‘solar hydro’ plant to be built in Victoria, promising 17 hours of storage for $27m

Australian technology company RayGen Resources has received funding to build a 3 MW/50 MWh ‘solar hydro’ power plant. Described by ARENA as the “first of a kind,” it is being lauded as one of the largest and lowest cost storage projects undertaken in the country. Energy giant AGL has also come onboard and will assess whether the technology would be suitable for its soon-to-retire Liddell facility.

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Sunday read: Is sustainable market development possible?

Module manufacturers have once again adjusted their prices upwards. This is already the third or fourth price increase in the last six months, and there is no end in sight, writes Martin Schachinger of pvXchange. But why is it so hard to achieve long-term, sustainable development in the global solar market, at least on the part of manufacturers? Few other industries are so turbulent, with constant swings between excess supply and bottlenecks, between price collapses and price rises – and always to the breaking point of the market. Yet again, planning security is out the window.

5B’s modular expansion plans boosted by bigwig investment

5B, the Sydney-based modular solar manufacturer has successfully completed its most recent $12 million funding round, and along with the continued support of existing investors, the clean technology company also received investment support from former Australian Prime Minister Malcolm Turnbull and Smart Energy Council Director Simon Holmes à Court. 

Batteries boom as investment in large-scale renewables slumps to a 5-year low

New data released by the CEC and confirmed by industry experience, shows investors have become shy of committing to large-scale renewable projects in Australia, where government intervention has created uncertainty, and grid risk is virtually impossible to quantify — even with a prized connection agreement in hand.

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Australia’s Tritium targets global expansion on back of $1.55 billion deal

Australian electric vehicle charging company Tritium has sealed a $1.55 billion merger deal with a United States-based special purpose acquisition company (SPAC) which will see it publicly listed on the Nasdaq.

Saturday read: China reaches a tipping point in 2021

This year will be a key period in the development of China’s solar PV market. It is the first year of the 14th five-year plan, the first calendar year after President Xi Jinping announced the 2030-60 carbon emissions commitment, and the first year for utility and commercial unsubsidised projects. IHS Markit expects the solar industry in China to reach another milestone with more than 60 GW of installations this year, advancing the ground for the energy transition and the displacement of traditional energy sources to fullfill the goal of a net carbon future over the next four decades to come.

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