AusNet invests in solar and storage to support energy security
Victorian electricity and gas network company AusNet Services is turning to solar and battery energy storage systems to improve energy reliability in communities serviced by its electricity distribution network.
Green bank gets $2 billion windfall to boost further investment in clean energy
A $2 billion allocation from the Australian government to its ‘green bank’ Clean Energy Finance Corporation will boost investment commitments in renewable energy generation and storage, electric vehicles, infrastructure and natural capital.
Quinbrook lands new finance for big Brisbane battery
Quinbrook Infrastructure Partners has closed a $722 million financing deal that will support the development of the early stages of a planned 760 MW / 3,096 MWh battery energy storage system being built in Queensland.
Aussie miner lands $1.6 billion for US lithium project
Australia-based critical minerals miner Ioneer has been tapped to help strengthen America’s battery supply chain, securing a $1.6 billion loan from the US Department of Energy to develop a lithium and boron project in Nevada.
Government pledges $2 billion to drive aluminium sector’s renewables shift
The Australian government has announced a $2 billion investment designed to accelerate the decarbonisation of the nation’s aluminium smelters, encouraging them to switch from fossil fuels to renewable electricity within the next decade.
CEFC invests $100 million into energy efficient apartment developments
The Clean Energy Finance Corporation has invested $100 million in the property development strategy of France-headquartered investment firm AXA IM Alts, which aims to embed sustainability into their Australian builds.
Costs climb for NSW-SA grid interconnector
Transgrid has confirmed the cost of the New South Wales section of Project EnergyConnect has climbed to $3.6 billion, well above the $1.82 billion price tag that was originally approved.
ZEN Energy, HDRE joint venture targets 1.4 GW of solar and storage
The scope of Zen Energy’s fledgling collaboration with Taiwan’s HD Renewable Energy has expanded with the two parties launching a joint venture that is targeting the development of 400 MW of solar and 1 GW of energy storage capacity in Australia.
$1.2 billion loan revs Novonix plans for second US production plant
Australian-listed battery materials and technology company, Novonix, has bought land in Tennessee, USA, to expand existing operations there with a second mass production plant, funded in part with a $1.2 billion US Department of Energy loan.
First Nations solar and battery projects to share $5.5 million from clean energy fund
The government of Western Australia has announced seven successful project bids in round three of its clean energy future fund scheme, including two First Nations renewable energy projects that will share $5.5 million from a $16 million pool.
