Low cost renewables still unbeatable after seven consecutive years: GenCost report
For the seventh year in a row, a CSIRO report has found renewables have the lowest cost range of any new-build electricity generation technology, with solar and wind coupled with firming technologies like batteries remaining the standouts.
$475 million rare earths refinery grant a critical win for renewable technologies
The Australian government has provided up to $475 million in additional finance to Perth-headquartered Iluka Resources to meet revised capital costs of building its $1.7 billion Eneabba Rare Earths Refinery project in Western Australia.
$25 million clean energy fund accelerates transition for multi-tenanted buildings
Deployment of solar panels, battery systems, heat pumps and electric vehicle chargers is driving a $25 million commitment by the Clean Energy Finance Corporation to ensure multi-tenant buildings aren’t left behind in the clean energy transition.
HMC Capital aquires all Neoen’s Victorian assets for $950 million
France-headquartered renewables developer Neoen has sold its Victorian assets in operation or under development for $950 million to Sydney-based asset manager HMC Capital, which includes the 128 MW Numerkah solar farm and 300 MW Victorian Big Battery.
Naturgy offshoot lands $2.3 billion to boost Australian renewables portfolio
Renewables developer Global Power Generation has landed $2.3 billion in financing to boost development of its 1.8 GW portfolio of solar, wind, and battery energy storage projects in Australia.
NRN to ramp up ‘no-cost’ solar and home batteries rollout
Clean energy infrastructure startup National Renewable Network aims to deploy no-cost solar and battery systems to 36,000 Australian homes over the next 18 months after raising $4.28 million in an oversubscribed funding round.
LCOE not correct optimisation parameter of PV plants, say researchers
New research shows the importance of considering power plant dispatchability in PV project planning. An international team of scientists claim assessing a project’s levelised cost of energy could be misleading, especially with variable and sometimes negative electricity prices.
Solar projects forecast to drive $5.4 billion construction boom to 2026
A Sydney-headquartered industry research and forecasting company Macromonitor report has forecast investment in solar will rise 70% over the coming two years to $5.4 billion but overall renewable energy generation infrastructure investment will peak soon after.
Vast unlocks funding to fuel concentrated solar power plant plans
Vast Renewables has unlocked $30 million of federal government funding which it says will help ramp up manufacturing capacity for its concentrated solar thermal technology and advance construction plans for its first large-scale solar thermal project.
Feds table tax incentives for green hydrogen, critical minerals
The Australian government will introduce legislation to implement production tax incentives for green hydrogen and critical minerals to help boost investment in the sector.
