Australia welcomes formal creation of International Solar Alliance
As it officially came into force on Wednesday, the International Solar Alliance was welcomed by Australia, one of its 19 founding members.
US Senate approves tax bill with provision to hobble solar, wind tax credits
The bill will now be reconciled with the House version, which does not contain the BEAT provision. The Solar Energy Industry Association says that it has four Senators who support “fixes”, but was not able to get a modification to the Senate bill.
Leading solar, storage bodies combine to form Smart Energy Council
The Smart Energy Council, a merger of Australia’s leading industry bodies for solar and storage, will be looking to better reflect the country’s energy future.
ASC adds financial expertise, Oliver Yates joins board
Former Clean Energy Finance Corporation (CEFC) CEO Oliver Yates has joined the board of the Australian Solar and Energy Storage Council.
Carmichael coal mine failure could bring down Adani Enterprises
While known in the global solar sector as an Indian PV leader, if Adani Enterprises’ proposed Carmichael coal mine fails so too could the company. Analyst Tim Buckley says that if the coal mega project cannot be financed and has to be written off or sold cheaply, the company’s debt would be three times larger than the value of its assets.
Western Australia: Synergy reported to partner with Dutch fund to meet its RE obligations
Following hot on the heels of the WA energy minister’s approval to create a green power fund, the state-owned electricity provider is reportedly set to bring in a Dutch fund as an investment partner for its renewable energy projects.
Equis Energy snapped up by GIP in record $5bn renewables deal
The Singapore-based renewable energy developer has agreed to be sold to investment fund Global Infrastructure Partners. China Investment Corp, Canada’s PSP Investments and other co-investors are also involved in the deal, which is the largest yet seen for the renewable energy industry.
Australia urged to aim for 100% renewables by 2030s
One of the world’s leading climate experts says Australia needs to aim for 100 per cent renewables within two decades as part of its efforts to meet climate targets, and it stands to reap enormous economic – and environmental – benefits if it does.
Australia: AEMC shies away from “solar tax”
Although proposed in the report’s draft, the Australian Energy Market Commission’s final report on the Distribution Market Model does not mention imposition of charges for export of energy from distributed generators.
Australia becomes 35th member of International Solar Alliance
Launched in Paris during the COP21 summit, the International Solar Alliance, spearheaded by India and France, has this week welcomed Australia to the fold.
