Fossil fuel giant Shell is set to make its foray into Australia’s electricity market after shareholders in electricity retailer ERM Power voted in favour of a $617 million takeover bid.
A result of a collaboration between global accounting and financial services firm KPMG, Canadian gas giant ATCO, Australia’s national science agency CSIRO and Australian Renewable Energy Agency (ARENA), H2City can be used to assess the costs and benefits of regional town or municipality switching to hydrogen.
The Victorian government has extended its solar battery rebate from the initial 24 to 104 postcodes. Meanwhile, the demand for solar panel rebates has slightly slowed down.
The latest figures released by BloombergNEF show new solar and onshore wind power plants have reached parity with average wholesale prices in California, China and parts of Europe. The technologies are winning the race to be the cheapest sources of new generation for two-thirds of the world’s population.
The mono giant has announced the latest aspect of a strategy to massively increase production capacity which is currently set to cost around $3.32 billion. Longi last week issued $710 million of new convertible bonds for investors.
Genex Power has failed to lock in a previously announced offtake agreement with EnergyAustralia for its landmark Kidston hub in northern Queensland and requested a trading halt with the ASX on their securities.
The Morrison government has extended an extra $1 billion to the Clean Energy Finance Corporation to invest in energy storage projects, transmission and distribution infrastructure and grid stabilizing technologies.
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