Superfund commits $1 billion to developer involved in green data centres
Superannuation fund Rest has announced it will invest $1 billion (655 million) into Australian-owned renewable energy investor and developer, Quinbrook Infrastructure Partners. The fund has a particular eye to green data storage centres.
Winners of nation’s largest storage tender include two ex-coal plant big batteries, VPP series
More than 1 GW of firmed storage capacity is set to be delivered by the six winning projects from the New South Wales (NSW) tender combining state and federal schemes. Akaysha Energy’s 415 MW / 1660 MWh battery in Wellington and AGL’s 500 MW / 1000 MWh Liddell battery are the round’s two biggest projects.
Fortescue brings three projects to FID committing $1.1 billion
Fortescue has announced three projects – two in Australia and the other in the US – have reached final investment decision (FID). The company held its annual general meeting today, where members voted down its contentious executive pay policy.
China module prices hit new record lows, operating rates estimated around 60%
In a new weekly update for pv magazine, OPIS, a Dow Jones company, provides a quick look at the main price trends in the global PV industry.
Fortescue continues US expansion with new clean energy manufacturing plant
Australian mining and green energy major Fortescue has revealed plans to establish a new clean energy technology manufacturing plant in the United States as it looks to take advantage of America’s $565 billion (USD 369 billion) Inflation Reduction Act.
Macquarie targets 4 GW of solar, wind and batteries with new energy business
The green investments arm of global financial services group Macquarie Asset Management has launched a new specialist renewable energy business targeting an initial pipeline of 4 GW of wind, solar and battery energy storage projects across Australia.
Feds tip $70 million into Kwinana hydrogen hub as bp eyes 1.5 GW capacity project
British-headquartered oil and gas major bp will look at deploying a 100 MW electrolyser to produce renewable hydrogen for domestic and export markets as it seeks to transform its former Kwinana oil refinery site in Western Australia into a green fuels hub.
‘Well short’: Canadian fund flags REZ risks, costs and offtake woes as causing Australian underinvestment
The managing director of Omers Infrastructure, a Canadian infrastructure fund with stakes in FRV Australia and Transgrid, has said the company is “well short” of its investment hopes for Australian renewables.
Message framing techniques to boost solar sales
A Dutch-German research team has tested how a series of framed messages may be used to boost PV system sales, addressing both self-interest and environmental concerns, and has found that all the proposed messages are effective at promoting the purchase of solar panel installations.
Plug Power shares collapse
Plug Power has issued a warning about its 2023 financial performance due to supply challenges in North America, while Air Products says it is cementing its collaboration with Chengzhi in China.
