Finance

Study claims that investment in a new 1GW nuclear power plant leads to average losses of approximately 4.8 billion euros. It further argues that the technology’s dangerous radioactivity emissions and proliferation risks do not qualify it as a ‘clean’ energy solution to be considered for addressing climate change. Yet still, governments are incorporating the technology into clean energy plans around the world.

The Queensland government’s reverse auction got a step closer with the announcement of 10 shortlisted renewable energy proponents as it seeks to bring up another 400 MW of solar and wind energy and battery storage into the market.

All of Kellogg’s energy requirements for its NSW manufacturing operations will come from solar power. The cereal manufacturer has signed a power purchase agreement with the Beryl Solar Farm for the next seven-and-a-half years.

Private sector infrastructure fund manager Infradebt has provided a $7 million senior debt facility for Terregra’s Mobilong and Moyhall solar farms in South Australia.

The Australian Energy Market Operator (AEMO) has laid out a $370 million plan for network upgrades in Western Victoria which would deliver almost double the benefit to both energy consumers and energy producers. However, the proposal has provoked federal Energy Minister Angus Taylor’s attack on the state’s renewable energy target.

Fotowatio Renewable Ventures (FRV) has secured financing for the 67.8 MW Goonumbla Solar Farm in New South Wales. The Spanish developer inked a power purchase agreement for the project with Snowy Hydro last year.

As sustainability-linked debt financing continues to gather momentum, Australian airports are turning to innovative funding mechanisms. In the latest such deal, the operator of Gold Coast Airport will be incentivised to reduce carbon emissions under a loan agreement with Commonwealth Bank and Westpac.

The South Australian government has given its tick of approval for the development of a 5 MW/10 MWh compressed air energy storage facility, which will store excess solar and wind power at a closed underground mine.

Wholesale prices in the National Electricity Market have climbed significantly in recent years. The increase has coincided with a rapid increase in the proportion of electricity supplied by wind and solar generators. But that needn’t mean the increase in wind and solar generation caused the increase in prices. It might have been caused by other things.

Retail super fund Future Super is backing peer-to-peer (P2P) solar loans to the tune of $200,000. While only small change, the move is claimed to be the first investment of a retail super fund in P2P clean technology lending.