Rooftop subsidies and rising costs present roadblocks for large-scale renewables
The head of one of Australia’s largest energy generators, retailers and developers has pointed to rising costs and uncertainty about recovering those costs as the cause of a drop in investment for large-scale renewables that threatens Australia’s clean energy goals.
‘Big 4’ seen as greenwashing sustainable finance target allocations
New analysis from independent think tank Climate Energy Finance finds renewable energy and decarbonisation of industry is receiving just 7% of the ‘Big 4’ banks’ collective multi-billion-dollar sustainable finance target allocations.
Land agency says renewables target driving ‘huge’ demand
With renewable energy capacity in Australia expected to at least double over the next six years, the search for land to host solar, wind and energy storage developments is offering a new income stream for interested landowners.
CIP acquires majority stake in Elgin Energy
Copenhagen Infrastructure Partners has acquired a majority stake in Elgin Energy that will help the Ireland-headquartered solar developer to transition into an independent power producer and grow its pipeline of projects in new and existing markets, including Australia.
Budget to bankroll phase two of clean energy transition
Former federal energy minister Greg Combet has indicated the May Budget will unleash big bucks for the next stage of Australia’s renewable energy transition, underwriting the nation’s charge to become a global wind, solar and green hydrogen superpower.
Beijing Energy adds retailer as part of Australian market strategy
Beijing Energy International’s push into the Australian renewable energy market continues at pace with the China-based company striking a deal to acquire energy retailer TPC.
Tindo backs SunShot to kickstart solar supply chain
Adelaide-based PV manufacturer Tindo Solar is expected to be among the first applicants for a grant from the Australian government’s $1 billion Solar Sunshot program as it looks to scale up its production capacity to compete in a growing domestic market dominated by imports.
Metis inks power purchase deal for first Australian solar project
Singapore-headquartered renewable energy infrastructure developer Metis Energy has locked in a renewables supply contract for its first major Australian project – the 94 MW Gunsynd Solar Farm being built in southwest Queensland.
Lightyears lands new funds for trio of community-scale solar farms
New Zealand renewables developer Lightyears Solar has announced it will roll out three new community-scale PV farms with a combined capacity of 18 MW after completing a $5.51 million (NZD 6 million) capital raise.
Neoen looks at Australian asset sale to help fund future growth
Renewable energy developer and independent power producer Neoen is reportedly considering selling a large portion of its Australian portfolio of clean energy projects that exceeds 3.75 GW of assets currently under construction or in operation.
