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Finance

Federal Budget cuts almost $2 billion from clean energy programs

The Australian government has in its latest Federal Budget stripped almost $2 billion from programs designed to accelerate the rollout of new clean energy systems.

Asian investment fund fires up Climate Capital growth plans

Hong Kong-headquartered private equity firm Gaw Capital Partners has joined forces with Australian renewables developer Climate Capital as it seeks to advance an estimated $200 million pipeline of solar and storage projects.

Solar sector raises $15.45 billion in Q1 2026 as debt financing hits decade high

Global corporate funding in the solar sector reached $15.45 billion (USD 11.1 billion) in the first quarter of 2026, with debt financing at its highest level in more than 10 years, says Mercom Capital Group.

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Federal scheme supports 10 new generation and battery projects for WA

Western Australia’s shift from coal and gas to renewables has taken a major step forward with the federal government backing more than 2 GW of new renewable energy and battery storage projects set to be built across the state.

Electric vehicle fleets kick-start fund closes 29 May but has $2.2 million to go

The New South Wales government’s $5 million electric vehicle fleets incentive kick-start fund allocation still has $2.2 million in the coffers, with the application date to apply closing on 29 May 2026.

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WA commits $1.4 billion to deliver clean energy ahead of coal plant closures

The Western Australia government will commit $1.4 billion to support clean energy transmission and network services projects to help deliver an increasing supply of renewable energy ahead of state-owned coal-fired power plant closure dates.

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$1.5 million grant accelerates EV charger access for apartments

Electric vehicle charger designer ReadySteadyPlug has been awarded $1.5 million through ARENA’s Driving the Nation Program to help a rollout of its charging-as-a-service solution for residential apartments.

Manganese demonstration processing plant awarded $2 million ARENA grant

Western Australian Firebird Metals has been awarded $2 million through ARENA and the Battery Breakthrough Initiative to develop a demonstration-scale facility that processes manganese concentrate into cathode materials for batteries.

PowerPlus to triple battery production capability with ARENA grant

Australian battery designer and manufacturer PowerPlus Energy has secured $2.3 million in federal government funding that will support its plans to triple annual battery module production capacity to 150 MWh over the next two years.

Pacific nations call for 100% renewables, back fossil fuel non-proliferation treaty

On the back of state of emergencies recently declared across multiple Pacific nations, six island countries have united in a call for a fossil free Oceania and immediate transition to 100% renewable energy economies.

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