Finance

Australia’s federal government has pledged a further $275.5 million to develop regional hydrogen hubs and $263.7 million for carbon capture and storage technology in a pre-budget announcement ahead of the climate summit on Thursday.

A hydrogen production plant in South Australia would already be profitable, analysis from Cornwall Insight Australia has found.

International developer Frasers Property Group, which owns Australian-based Frasers Property Australia, has secured a $300 million sustainability linked loan with $75 million provided by the Australian government. The loan will see innovative clean energy technologies installed two Australian industrial projects in New South Wales and Victoria.

The speed at which manufacturers are introducing changes from one product generation to the next is accelerating – currently, formats are scarcely available for more than a few months before another revised product is launched. But occasionally new module dimensions also bring new problems, be it in handling, plant design, or logistics. Ever-shorter product cycles and hastily launched record-breaking modules with capacities of 500 W, 600 W, or even 700 W are not always welcomed with open arms – especially by those who have to work with them, writes Martin Schachinger of pvXchange.com.

Call it “latent energy” – Australia’s renewable resources are expected to help some of the world’s greatest polluters to reach their net-zero emissions targets, writes Natalie Filatoff, senior editor at pv magazine Australia.

Evoenergy has blamed the Australian Capital Territory’s renewable energy targets for its proposed price hike, which would see average residential customers pay around 40% more for network charges, amounting to around $280 per year.

Insurance premiums for renewable energy projects are likely to increase again this year, as a joint report from insurance specialists finds the sector continues to underperform from an insurance perspective.

Australia’s first renewables brokering service, Teho, aims to tie together the disparate industry threads of solar, batteries, EVs and renewable energy retailers and simplify the path towards renewables for everyday people. Pv magazine Australia spoke to the two brothers behind the business, Jonathan and David Green (yes, that really is their surname), about the gap in the market they seek to tap.

MinterEllison’s second annual ‘Renewables Investment Report’ finds that over the past year Australia has become a safe haven for investment… The maturity of its renewable opportunities seems to outweigh existing challenges. 

Renewable electricity will be linked to 90% of the actions needed to remove carbon emissions in 2050, according to the International Renewable Energy Agency, and the biggest volume of generation capacity will be provided by solar.