Finance

The clean energy joint venture, which is half owned by British energy company BP, today said it expects to create around 500 jobs as it ramps up its solar portfolio from less than 4 GW to 25 GW in four years.

Rising efficiencies and the plummeting cost of solar modules over the past few years, recent months notwithstanding, are leading innovators toward ideas that may look unusual in the current tracker-dominated world of large-scale solar parks. Advocates of the new approaches argue that they leave traditional models looking decidedly flat by comparison.

Price increases, supply chain disruptions, and a series of trade risks are threatening the U.S.’s ability to decarbonise the grid, warned SEIA president and CEO Abigail Ross Hopper.

Global software as a service (SaaS) company, WePower, has today launched its new ‘Incite’ solution, allowing businesses to track and certify their operation’s sustainability through blockchain-enabled technology, ultimately combatting greenwashing. Australia is first cab off the rank for the Lithuanian-headquartered company’s new product suite.

A roadmap to rapid carbon emission reduction has suggested the nation add 2.4 GW of generation capacity next year as part of a 15 GW new-solar target this decade. The claims of solar-plus-storage should be ignored for now, according to a new policy document, because batteries will make PV less competitive with coal.

Sydney-founded battery company Gelion Technolgies today announced its partnership with lead-acid battery manufacturer Battery Energy Power Solutions. The news reflects a significant adjustment of the company’s battery design and business strategy, which is seeking to leverage industry shifts.

The Australian Renewable Energy Agency has responded to the federal government’s decision to expand its mandate to include ‘low-emission technologies’, unveiling a new investment plan that provides for the financing of a broader range of technologies including some using fossil fuels.

Plans to create hydrogen by burning wood have swollen in New South Wales’ Hunter Valley, after sawmill offshoot, Sweetman Renewables, yesterday announced a $15 million deal with Singapore’s CAC-H₂ to construct the country’s largest wood-fed hydrogen production plant.

Renewable energy developer Elliott Green Power is now accepting official bids for its Australian solar PV farms and expanding portfolio of battery energy storage assets as it seeks to exit the Australian market.

Debate on independent MP Dr Helen Haines’ Australian Local Power Agency Bill 2021, which seeks to anchor the benefits of renewables projects in their hosting regions, will be informed by Friday’s parliamentary committee hearing of submissions on the proposed legislation. A number of valid discussion points have been raised.