Early retirement of coal-fired power plants good for bottom line: study
Multi-country research has found that retiring coal-fired power plants sooner rather than later can have financial benefits for investors, and free up capital for investing in renewables.
Australian solar manufacturing scores $550 million Sunshot
The first $550 million of the federal government’s Solar Sunshot program has been launched to support the development of Australia’s solar manufacturing industry and help local businesses capture more of the global solar manufacturing supply chain.
Major transmission project gets $840 million injection to kickstart early works
The Victoria to New South Wales Interconnector West 500 kV transmission line has received an $840 million boost to progress its early works, enabling equipment orders, the project’s design, and market and community engagement to progress.
Future clean energy investment vital for grid reliability: AEMO report
Rooftop solar system uptake and 1.2 GW of large-scale solar projects brought online in the past 12 months, have boosted grid reliability in the National Electricity Market, demonstrating a trend the Australian Energy Market Operator forecasts will continue but not without ongoing clean energy investments.
Meyer Burger cancels US solar cell plant, announces restructuring
Swiss-German PV manufacturer Meyer Burger has announced company restructuring plans, put an end to a proposed United States solar cell plant and put on hold plans for capacity expansion at an existing module production plant in the US. Existing cell production site in Germany to remain part of Meyer Burger operations.
New Zealand’s energy security thrown multi-million dollar lifeline
New Zealand Green Investment Finance has provided $71.7 million to finance infrastructure and broader development activities required by Auckland-headquartered utility solar developer Far North Solar Farm.
Enel lands long-term PPA for Quorn Park solar and storage project
Zen Energy has struck a long-term agreement to buy the majority of energy to be generated at the $190 million Quorn Park solar and battery hybrid project being developed by Enel Green Power Australia in western New South Wales.
CleanPeak adds new projects to solar portfolio
Australian Renewables developer and operator CleanPeak Energy has added to its utility-scale solar portfolio with the acquisition of two ‘ready-to-build’ projects from Japan-headquartered developer Bison Energy Group.
Lion lands $10 million deal to drive Queensland hydrogen hub forward
Lion Energy has struck a $10 million deal with Mitsubishi subsidiary DGA Energy Solutions Australia and Samsung C&T Corporation to jointly develop a green hydrogen generation and refuelling hub at the Port of Brisbane in Queensland.
Energy workers job security in sight as Net Zero Economy Authority bill passes Senate
Coal and gas-fired energy workers and their communities are closer to being guaranteed support during Australia’s energy transition following the Australian Senate’s passing of the Net Zero Economy Authority Bill 2024.
