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Finance

Redback Technologies goes into voluntary administration

Australian inverter and battery company Redback Technologies is working to secure new investment after entering into voluntary administration this week. 

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Clean energy manufacturing sector urged to get a move on

Tindo Solar, the country’s only manufacturer of PV panels, has warned Australia must move quickly if it is to capitalise on the manufacturing opportunities presented by the global clean energy transition or risk being left behind.

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Redflow secures government grant to drive flow battery development

Queensland-based battery company Redflow has secured up to $1.12 million in government funding to support the development of a large-scale zinc-bromine flow battery prototype and to examine the potential to establish a large-scale battery manufacturing facility in the state.

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PM commits $2 billion to boost Southeast Asia’s future 454 GW need

Australia will invest $2 billion into Southeast Asia green energy and infrastructure development as part of a broader economic strategy that estimates the region’s electricity generation needs by 2050 to be 454 GW.

European Energy achieves financial close on Victorian solar farm

Danish renewables developer European Energy has started construction of what it expects will be its first operating solar farm in Australia where it is progressing the development of an 8 GW pipeline of renewable energy projects.

Japan’s J-Power launches new Genex takeover bid

After receiving an initial takeover bid last month, Australian renewable power generation and energy storage developer Genex Power has received a revised acquisition offer from Japanese energy company and anchor investor J-Power.

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Remote community microgrids reach design and build stage

The Queensland government has announced plans to deliver the key infrastructure and support microgrid feasibility studies in five remote townships as it seeks to promote energy sovereignty for communities on the edge of the electricity grid.

Suppliers owed millions after Victorian installer collapses

The staff of a Victorian solar retail and installation business have lost their jobs and customers and suppliers are owed millions of dollars after the company was placed in the hands of administrators.

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1komma5° announces largest Australian acquisition yet

German solar technology developer and retailer 1komma5° has continued to strengthen its presence in the Australian market with the acquisition of Queensland-based Arkana Energy Group.

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Utility-scale PV cheapest power source in Asia Pacific, says WoodMac

Wood Mackenzie says the levelized cost of electricity in the Asia-Pacific region hit an all-time low in 2023, as utility-scale PV beat coal to become the cheapest power source. It predicts a further drop in costs for new-build solar projects, driven by falling module prices and oversupply from China.

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