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.
Renewable developments not on track to meet targets: CEC report
After a lacklustre 2023, the Clean Energy Council’s new quarterly report paints a positive picture of renewable energy projects’ financial commitments, construction, and commissioning, but warns the numbers fall short of hitting the 82% renewables by 2030 target.
Pollinator targets early-stage clean energy tech with new $150 million fund
Climate change advisory and investment firm Pollination Group has launched a $150 million venture capital fund to invest in early-stage tech companies in Australia aimed at facilitating the renewable energy transition.
Queensland targets solar and battery waste stream with $45 million commitment
Queensland businesses can now apply for up to $10 million funding for large-scale recycling projects that tackle commercial and industrial waste and provide recovery solutions for renewable energy technologies, including end-of-life solar panels and batteries.
Australia’s first large-scale solar and storage plant up for sale
Australia’s first large-scale solar and big battery storage installation – the Lakeland project in far north Queensland – has been placed on the sales block with MPower announcing it will use the proceeds to further expand its portfolio of PV and battery storage projects.
Palisade secures new financing for Intera renewables push
Australian infrastructure asset manager Palisade Investment Partners has secured $258 million in new debt financing to back the further expansion of its gigawatt-scale renewable energy platform.
