Thermal energy storage tech to bolster industry decarbonisation
Long duration energy storage developer MGA Thermal is one step closer to commissioning its behind-the-meter demonstration plant after receiving a $2.48 million windfall from the Australian Renewable Energy Agency.
New $100 million challenge targets 50 GW per year
The Australian Renewable Energy Agency has dangled a $100 million carrot in front of the world’s best and brightest solar industry proponents to help lower solar and electricity costs to scale up annual installation in Australia from 5 GW per year to 50 GW.
Sunshine Coast to host Australian first local renewable energy zone
A “nation first” local renewable energy zone will be established on Queensland’s Sunshine Coast as part of a pilot program designed to boost rooftop solar generation, store it and share it locally across the poles and wires infrastructure that already exists.
Japanese utilities giant’s proposed takeover of Genex lands FIRB approval
Japanese energy utility J-Power’s proposed acquisition of Australian renewables and pumped hydro developer Genex Power has received Foreign Investment Review Board approval.
Enel Green Power secures finance for NSW solar and storage project
The Quorn Park Hybrid Project, that will comprise an 80 MW solar farm and two-hour battery energy storage system, is expected to commence full operations in early 2026 with developer Enel Green Power Australia announcing the construction phase will begin within the next quarter.
AGL and Origin switch gears on energy transition strategy
AGL Energy has followed suit with Origin Energy to say it will shift from direct investment into renewable energy generation toward decarbonisation targets, favouring alternatives like pumped hydro, gas and batteries.
Upsurge of SMEs borrowing to invest in green vehicles and equipment
Green finance for vehicles and equipment is selling like hot cakes in Western Australia where National Australia Bank has seen a 305% increase in loans there in a six month period, and demand for electric bus loans are up 168%, new data finds.
Landmark PPA inked through $700 million program to source 500 GWh per year
Investment fund managers IFM Investors and QIC have inked Australia’s largest power purchase agreement worth $700 million through its infrastructure renewable energy program which has a potential total size at peak of 500 GWh per year.
Queensland budget amps up renewables with $26 billion investment
The 2024–25 Queensland Budget has delivered on its commitment to invest $26 billion into the state’s energy transformation, funding the renewable energy sector and grid infrastructure to progress its legislated target of 75% emissions reduction by 2035.
WA to host clean energy training centre of excellence
Western Australia is on track to become home to the nation’s first clean energy training centre of excellence with the state and federal governments investing $70.5 million over five years to address labour shortages in Australia’s renewable energy transition.
