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Finance

Gentailer upheaval: EnergyAustralia reportedly in talks with Macquarie, Grok cuts AGL stake

The changing hands of Australia’s biggest ‘gentailers’ continues, with Mike Cannon-Brookes’ Grok Ventures reducing its stake in AGL, while Macquarie is reportedly in talks to acquire up to a 50% stake in EnergyAustralia.

Australia’s critical minerals strategy released, includes no major policy schemes nor onshoring action plan

Australia’s federal government has released its anticipated Critical Minerals Strategy, and while the document decisively flags industry imperatives and challenges, the plan of action and policy solutions are far more hazy.

China polysilicon prices in freefall

In a new weekly update for pv magazine, OPIS, a Dow Jones company, provides a quick look at the main price trends in the global PV industry.

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Weekend read: Solar recycling’s glass ceiling and other problems

The insolvency of a major Australian solar recycler has highlighted the complexity of remodelling a linear-thinking industry and society into a circular one, reports pv magazine Australia’s Bella Peacock.

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Sunshot gets state backing to deliver Queensland renewable energy zone

The Ross Garnaut-led Sunshot Industries will develop and deliver a renewable energy industrial precinct in central western Queensland which will be linked to large-scale wind and solar projects and provide manufacturing tenants with competitive low-carbon electricity.

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CIP buys stake in CWP Global green hydrogen project pipeline

Danish investment group Copenhagen Infrastructure Partners has ramped up its green hydrogen ambitions, acquiring a strategic stake in Europe-headquartered renewables developer CWP Global’s development portfolio of ultra-large-scale green hydrogen hubs, including projects in Australia.

Private investors pump $1.9 billion into WA’s decarbonisation plan

The West Australian government has utilised investor hunger for green bonds to help secure funding for major state government projects geared towards decarbonisation or environmentally sustainable outcomes as it transitions from coal-fired power to renewables.

US green hydrogen market set to surge to $2 trillion by 2050, says Deloitte

By 2050, the practice of using renewable energy to electrolyse water and create hydrogen fuel could become a global market of well over USD 1 trillion ($1.47 trillion), according to a new report by Deloitte.

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Australian battery tech start-up targets U.S. market after $22 million funding round

Australian battery material start-up Sicona Battery Technologies will accelerate commercial development plans both here and in the United States after securing financial support from a group of international investing heavyweights for its silicon-composite anode technology designed to improve the performance of lithium-ion batteries.

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Mytilineos secures long-term PPA for Queensland solar farm

Greek industrial and energy giant Mytilineos expects the 40 MW Kingaroy Solar Farm being built in southeast Queensland will be operational before the end of the year following the formal execution of a long-term offtake agreement with SmartestEnergy Australia.

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