A roadmap to rapid carbon emission reduction has suggested the nation add 2.4 GW of generation capacity next year as part of a 15 GW new-solar target this decade. The claims of solar-plus-storage should be ignored for now, according to a new policy document, because batteries will make PV less competitive with coal.
Sydney-founded battery company Gelion Technolgies today announced its partnership with lead-acid battery manufacturer Battery Energy Power Solutions. The news reflects a significant adjustment of the company’s battery design and business strategy, which is seeking to leverage industry shifts.
The Australian Renewable Energy Agency has responded to the federal government’s decision to expand its mandate to include ‘low-emission technologies’, unveiling a new investment plan that provides for the financing of a broader range of technologies including some using fossil fuels.
Plans to create hydrogen by burning wood have swollen in New South Wales’ Hunter Valley, after sawmill offshoot, Sweetman Renewables, yesterday announced a $15 million deal with Singapore’s CAC-H₂ to construct the country’s largest wood-fed hydrogen production plant.
Debate on independent MP Dr Helen Haines’ Australian Local Power Agency Bill 2021, which seeks to anchor the benefits of renewables projects in their hosting regions, will be informed by Friday’s parliamentary committee hearing of submissions on the proposed legislation. A number of valid discussion points have been raised.
Photon Energy reported raised revenue from sales of electricity in the second quarter of the year, compared with 12 months earlier, but said grid hold-ups at 14.6 MW of solar projects Down Under had affected performance.
Australian electricity network owner Spark Infrastructure has accepted a $5.2 billion takeover bid from a North American consortium led by private equity giant Kohlberg Kravis Roberts & Co.
The risks posed to renewable-energy projects by Australia’s uncertain climate change policies and hamstrung regulators, have become a concerning brake on investment. Adjusting settings to reduce those risks would revitalise investor sentiment and vastly reduce the cost of implementing the country’s switch to renewables, says the Clean Energy Investor Group.
Imperatives meet opportunity. Corporate and utility goals for sustainability are driving a new group of investors to pick up the Australian renewable-energy resource and run with it. A new PwC report outlines how the new investor-developer partnerships could work.
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