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Finance

Renewables sector hauls two-year Eraring extension over the coals

The New South Wales government has confirmed the Eraring Power Station will remain open two years beyond its planned 2025 closure date, with the black coal-fired power plant to now remain in operation until August 2027, with the potential for a further extension until April 2029.

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Bowen targets 20% market share with Solar Sunshot

Australian Energy Minister Chris Bowen believes the federal government’s $1 billion Solar Sunshot initiative could result in domestic manufacturing providing 20% of the nation’s PV panel needs by the end of the decade.

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NSW awards new funding to accelerate 6.5 GWh of battery projects

Grid connections for four battery energy storage projects with a combined capacity of more than 6.5 GWh are to be fast-tracked by the New South Wales government as it seeks to ensure electricity reliability as coal-fired generation exits the system.

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Rooftop PV market faces profit squeeze as sales slow

Rooftop PV is the fourth largest source of electricity generation in Australia, providing about 11% of the country’s power supply, but solar industry analyst SunWiz has cautioned the market to brace for a challenging period.

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Registrations open for 6 GW renewable energy tender

Registration is now open for the first national tender in the Australian government’s Capacity Investment Scheme that is seeking 32 GW of additional renewable energy generation and dispatchable storage capacity by 2030 to support the nation’s clean energy transition.

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Neara boss says network access issues remain after budget spend

The focus of the federal government’s $22.7 billion commitment to Australia’s clean energy future has been queried with concerns raised about the capacity of the nation’s electricity network to support the shift from fossil fuel generation to renewables.

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Countrywide locks in government backing to help drive Hydrogen HyWay

Countrywide Hydrogen’s ambition to be the first major green hydrogen producer in Tasmania has received a boost with the state government announcing an $8 million funding package that would support the delivery of its ‘Hydrogen HyWay’ project.

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WA commits $1 billion to fast-track state’s energy transition

The West Australian government has committed more than $1 billion to drive the development of the clean energy and major industrial projects it says are required for the state to become a “global clean energy powerhouse.”

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Redback Technologies exits voluntary administration

Australian battery and inverter manufacturer Redback Technologies has exited voluntary administration and is now under the control of new owners Australia Ebon Group.

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New funding puts Hysata on path to giga-scale manufacturing

Australian green hydrogen technology company Hysata is aiming to increase its manufacturing capacity to the giga-scale after securing backing from a syndicate of global investing heavyweights in a record-breaking Series B raise.

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