Finance

Leaked: EU hydrogen strategy eyes €140 billion turnover by 2030

The European Commission has sent the European Green Deal on its way and a preliminary version of its anticipated hydrogen strategy has been leaked. The plan does not lack ambition, as the EU seeks to assert tech leadership in green hydrogen through coordinated efforts across the value chain.

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Hornsdale big battery expansion gets regulatory approval

The Essential Services Commission of South Australia has given the tick of approval for the Tesla big battery to vary its electricity generation license in line with its increased capacity from 100 to 150 MW.

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Infigen backs Iberdrola’s $841m takeover offer

Infigen Energy has recommended an $840.6 million buyout bid from Spain’s Iberdrola to its shareholders and urged them to reject an earlier offer from Philippines-linked investment company UAC Energy.

Another billion-dollar quarter for JinkoSolar

Despite the challenges to both the manufacturing and shipment of its products during the period, JinkoSolar today reported that it shipped 3.4 GW of modules in the first quarter of 2020, bringing its revenue for the quarter just over the billion dollar mark.

Carbon accounting for beginners

A new report from Rocky Mountain Institute in the U.S. explores the need for companies to disclose information about greenhouse gas emissions throughout their supply chains, and the most effective ways to do this whilst ensuring consistency and comparability of collected data across multiple industries.

Hazer raises $8.4m for wastewater-to-renewable hydrogen project

Perth-based Hazer Group has completed an $8.4 million share placement that will be used towards a project that will turn wastewater into green hydrogen and graphite using technology developed by the University of Western Australia.

AEMC approves landmark wholesale demand response to improve reliability and reduce prices

Large energy consumers will be allowed into the wholesale market and paid for reducing their power usage at times of peak demand under a new rule that will be introduced next year.

Update on acquisitions of ASX-listed renewables developers

In its formal bidder’s statement, Philipines UAC Energy has urged Infigen shareholders to accept its takeover bid of $0.80 a share, while Infigen remained adamant no action should be taken in relation to the “opportunistic” offer. Previously, the acquisition of another prominent renewables developer, Windlab, was greenlit in a landslide shareholder vote.

Bringing green steel to reality: GFG launches Whyalla overhaul

GFG Alliance head Sanjeev Gupta has announced a high-cost refurbishment plan for the Whyalla Steelworks in South Australia marking a major step towards his goal to power the plant with green hydrogen.

Predatory ‘buy now pay later’ solar sales practices taken to Competition Tribunal

The Australian Competition Tribunal is currently hearing arguments on a proposed code that would apply to the ‘buy now pay later’ sales practices of solar panel and installations. It is being argued that the practices are a form of predatory lending.

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