Finance

The Anglo-Dutch power company will buy Perth-based environmental specialist Select Carbon as part of a broader ambition to reach net-zero emissions by 2050 or sooner.

Having bagged large orders in the U.S. and Australia, Indian multinational engineering, procurement and construction (EPC) services provider Sterling and Wilson Solar is bidding for tenders in new regions, Europe among them. Kannan Krishnan, S&W’s chief operations officer for solar in India and the South Asian Association for Regional Cooperation area, speaks to pv magazine about the impact of Covid-19 on the solar EPC business and the company’s expansion plans.

The oil and gas giant has announced it will build 500 MW of renewable energy projects to power some of its global facilities under the four-year agreement with Canada’s Algonquin Power & Utilities.

AES, one of the world’s largest power companies, has made a strategic investment in Sydney-based pre-fabricated solar array manufacturer 5B to meet the growing needs of its customers for solar.

Neoen’s Hornsdale Power Reserve has gone to work in the first half of 2020, virtually tripling the French renewables developer’s storage revenue on comparative 2019 levels. However, this growth was largely caused by a one-off event, and a slower Q2 highlights the need for FCAS policy renewal. Neoen’s Australian solar revenues could also achieve little more than consistency thanks to poor conditions.

The Victorian government has boosted its solar rental scheme with interest-free loans in addition to two rebates per financial year landlords were already able to access.

The Australian federal government is fast-tracking the world’s biggest solar and storage project in the sun-drenched Tennant Creek region that aims to power Darwin and export solar from the outback to Singapore and eventually Indonesia via a submarine transmission link.

Infigen Energy on Friday continued to unanimously recommend a revised offer from Iberdrola to its shareholders, after the Spanish renewable energy giant locked in an $893 million offer.

It was a series of firsts, including a profitable full year and Megapack turning a profit that factored into CEO Elon Musk explaining that he has “never been more optimistic or excited about the future of Tesla.” Austin is confirmed as the site of the next Gigafactory.

Hesta, a leading industry superannuation fund trusted by 860,000 Australians, has joined a host of other major investment firms nationwide calling on the Federal Government to encourage large-scale renewable investment by setting an emissions target and cleaning up its strategy.