Private investors pump $1.9 billion into WA’s decarbonisation plan
The West Australian government has utilised investor hunger for green bonds to help secure funding for major state government projects geared towards decarbonisation or environmentally sustainable outcomes as it transitions from coal-fired power to renewables.
US green hydrogen market set to surge to $2 trillion by 2050, says Deloitte
By 2050, the practice of using renewable energy to electrolyse water and create hydrogen fuel could become a global market of well over USD 1 trillion ($1.47 trillion), according to a new report by Deloitte.
Australian battery tech start-up targets U.S. market after $22 million funding round
Australian battery material start-up Sicona Battery Technologies will accelerate commercial development plans both here and in the United States after securing financial support from a group of international investing heavyweights for its silicon-composite anode technology designed to improve the performance of lithium-ion batteries.
Mytilineos secures long-term PPA for Queensland solar farm
Greek industrial and energy giant Mytilineos expects the 40 MW Kingaroy Solar Farm being built in southeast Queensland will be operational before the end of the year following the formal execution of a long-term offtake agreement with SmartestEnergy Australia.
Critical mineral stocks overtake gold in value
The value of critical minerals companies listed on the ASX has hit $86.2 billion (USD 58.3bn), just scraping above the value of companies within the All Ordinaries Gold Index. Australia risen to the booming demand for these minerals, but experts have urged caution.
$19 billion for energy transition in Queensland budget as it pushes state ownership, milks coal
Queensland’s government has allocated $19 billion (USD 12.9 billion) to deliver on its energy transition plan, with a heavy focus on public ownership of energy assets. Queensland’s flush financial position was enabled by recent change to increase coal royalties, which injected an extra $10.5 billion into the budget.
China solar module prices dive
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.
CEFC backs developer’s vision for 100% renewables apartments
The Clean Energy Finance Corporation has awarded the Australian arm of Malaysia-headquartered property developer Mulpha an $80 million (USD 53.95 million) loan to help deliver the first stage of an energy-efficient apartment development in Sydney’s Hills district which is to be powered by 100% renewable energy.
New report calls Macquarie Group’s climate commitment into question
Macquarie Group’s commitment to the global transition to net zero emissions by 2050 has come under scrutiny with a new report uncovering billions of dollars in undisclosed exposure to oil and gas projects.
Australia and China strengthen hydrogen cooperation
China’s deputy head of the National Development and Reform Commission is reported to have recently met with Andrew Forrest, founder and executive chairman of Fortescue.
