Vast unlocks funding to fuel concentrated solar power plant plans
Vast Renewables has unlocked $30 million of federal government funding which it says will help ramp up manufacturing capacity for its concentrated solar thermal technology and advance construction plans for its first large-scale solar thermal project.
Feds table tax incentives for green hydrogen, critical minerals
The Australian government will introduce legislation to implement production tax incentives for green hydrogen and critical minerals to help boost investment in the sector.
BESS are becoming more attractive
As battery energy storage system costs plunge, energy price volatility is shortening payback times for storage solutions. This shift, driven by a surge in intermittently generating renewables, and ongoing innovations in battery manufacturing, marks a pivotal moment for energy markets worldwide.
Future multi-billion dollar transmission upgrades to boost Queenslands grid-scale solar
An Oxford Economics Australia report has found electricity construction activity has been at a record high of $19.2 billion over FY24, and with an expected investment of $5 billion a year to FY30, the way forward for large solar projects is clear, especially for Queensland.
$500,000 ANU battery research win on back of Eku Energy’s big BESS build
London-headquartered Eku Energy has committed $500,000 to the Australian National University’s battery storage and grid integration program as construction begins on the Williamsdale big battery in the Australian Capital Territory.
Energy transition named priority area in new Future Fund’s investment mandate
The energy transition has been named a priority area for investment, specificially with Melbourne-based developer Tilt Renewables, in a new investment mandate in Australia’s sovereign Future Fund.
Farmers and regional communities forecast to reap billions from clean energy shift
Payments to farmers and landholders hosting large-scale renewable energy projects across Australia’s main electricity grid are expected to top $1 billion by 2030 and could reach up to almost $10 billion by 2050.
Iberdrola strikes renewable energy supply deal with 13 NSW councils
The Australian arm of Spanish energy company Iberdrola has struck a renewable energy supply agreement to provide 13 regional New South Wales councils with more than 390 GWh of electricity through to the end of 2030.
Australia pledges $125 million to support Pacific’s renewable energy shift
The Australian government has announced a $125 million funding commitment to help deliver off-grid and community scale renewable energy projects in remote and rural parts of the Pacific.
Victoria renewables supply chain boosted by manufacturing grants scheme
Four Victorian businesses manufacturing renewable energy technology components and products have been awarded grants through the state’s $1 million Made In Victoria energy technologies manufacturing program.
