Shell to enter Australian electricity market as ERM stakeholders approve takeover bid
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.
New tool to assess costs and benefits of switching to green hydrogen
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.
Tuvalu granted $6m for renewables ambition
The Asian Development Bank has signed off a grant for the South Pacific island nation to move on its plans to be 100% renewable by 2025.
AEMO publishes indicative MLFs for 2020-21
The Australian Energy Market Operator (AEMO) expects to see further declines in Marginal Loss Factors (MLFs) next financial year on a number of grid-scale PV projects, primarily in south-west News South Wales and north-west Victoria.
Engie ANZ readies 2 GW renewable war chest
Engie is readying a massive renewable investment fund as it looks to develop 2,000 MW of renewables in Australia over the next ten years. The move signals defiance at the retreat of renewable investment in the face of a federal energy policy vacuum.
Solar Homes battery rebate expands to another 80 postcodes
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.
LCOE on some Australian PV projects as low as $27-36/MWh as renewables close in on global grid parity
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.
Another 5 GW of module capacity for the Longi juggernaut
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.
Kidston solar-pumped hydro project stalls as funding falls through
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.
Federal Government allocates $1 billion to boost grid reliability
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.
