Finance

What makes this contract different is it covers only the high-demand hours when rooftop PV output is low, opening new markets for on-demand energy resources, such as battery storage. This and other standardized hedge contracts designed for clean energy technologies are hosted on Renewable Energy Hub’s digital firming marketplace.

Rio Tinto Chairman Simon Thompson is urging governments to take “urgent” action on climate change despite the twin evils of Covid-19 and economic recession. The call comes amid criticism that Rio Tinto’s own emissions reductions schemes are too weak.

The Clean Energy Finance Corporation along with its partners has released an Issues Paper on the halting state of Australia’s infrastructural development. The paper highlights the nation’s short-sighted infrastructural projects and their weight upon the energy transition.

With 4.4 GW of new renewable energy capacity installed and almost a quarter of Australia’s electricity supply now coming from renewable energy sources, 2019 was another year of extraordinary growth, according to the latest edition of the Clean Energy Australia report. As rooftop solar continued its record-breaking streak, big PV made up more than two-thirds of Australia’s large-scale renewable energy capacity installed last year. Meanwhile, the battery storage sector started to gain momentum.

EnergyLab has launched an ARENA funded scaleup program. More than ever, Australia is witnessing immense interest in startups in the energy sector. EnergyLab supports these startups and through this new scaleup program, aims to support late-stage clean energy startups.

French renewable energy developer Neoen is looking to develop a massive battery near Geelong that will dwarf its largest project to date – South Australia’s 100MW/129MWh Tesla big battery.

A growing number of Australian electricity retailers are facilitating solar PPA adoption, allowing uptake to maintain strong. BRC-A is continuing to chart the PPA uptake as it prepares to release its guide for mid-sized buyers.

The module giant has signed a one-year $37 million line of credit agreement with the National Australia Bank.

The developer has secured a $20 million loan from Squadron Energy and Federation Asset Management, as it continues to struggle with connection delays on its Kennedy solar-wind-battery park.

While the full extent of the impact of the Covid-19 pandemics on the renewable energy market is yet to reveal itself, Norwegian consultancy Rystad Energy predicts new solar and wind projects will grind to a halt this year and experience a ripple effect in the years beyond as currencies across the globe continue to fall against the US dollar.