Tax incentives for green hydrogen, critical minerals pass Senate
Billions of dollars in tax breaks for green hydrogen production and critical minerals processing are set to be unlocked from 2027 after a key pillar of the federal government’s Future Made in Australia plan was waved through the Senate.
Amp reaches financial close on South Australian battery
Canadian developer Amp Energy has achieved financial close on the first stage of its 250 MW / 500 MWh Bungama battery energy storage and 339 MW (dc) solar project being built near Port Pirie in South Australia.
Potentia nurtures asset portfolio with 1 GW of new acquisitions
Sydney-headquartered clean energy developer Potentia Energy has acquired over 1 GW of Australian renewable assets in agreements with CVC Dif and Cbus Super.
Victorian startup to step up production of lightweight electric motor tech
Victorian startup Kite Magnetics plans to accelerate the development and production of its lightweight electric motor technology with a new advanced manufacturing facility to be established in Melbourne.
Queensland ends support for 3 GW green hydrogen project
Plans to develop a 2.88 GW green hydrogen production facility near Gladstone on the central Queensland coast are in serious doubt after the state government announced it will not commit funding to the $12.4 billion project.
Global clean energy investment hit $3.41 trillion in 2024, says BNEF
BloombergNEF says in a new report that global clean energy investment reached $2.1 trillion in 2024, more than doubling 2020 levels. The United States led energy transition debt issuance, driving up investment 5% year on year to $334 billion.
Future clean energy investments stalled by outdated national electricity market
Clean Energy Investor Group research finds the national electricity market is an outdated design – built for an era of coal and gas – and hinders investment in modern large-scale energy projects like wind, solar, and batteries.
Planets align for Australia’s first live DER integration into wholesale markets
Manager of Western Australia’s South West Interconnected System Western Power has been allocated $20.8 million from the Australian Renewable Energy Agency for its Project Jupiter, which for the first time in Australia will integrate a live distributed energy resources marketplace with wholesale markets.
CEFC unlocks $13.3 billion in six months to supercharge clean energy economy
The Australian government’s Clean Energy Finance Corporation is on track to deliver $13.3 billion in investment across the renewable energy economy, after closing off $3.8 billion in new commitments in the six months to December 2024.
ARENA directed to consider suburb-wide solar and storage projects
The Australian Renewable Energy Agency has been directed to consider more funding for residential solar and battery energy storage systems as the federal government examines how best to expand household electrification projects around the country.
