Jolywood signs megadeal with Chinese utility to supply 7 GW of household solar
Based on current market prices, the five-year contract could be worth almost $4 billion to the $1 billion company, but the TOPCon manufacturer has not publicised the price at which it will supply and install modules for its state-owned sponsor.
Thai plans for 8 GWh lithium battery gigafab
The 1 GWh first phase of a planned 8 GWh lithium battery factory in Thailand is likely to be up and running during 2023.
India to finance 100 MW Bangladeshi solar plant
The federal government will provide $131 million of soft loans for a $177 million, 100 MW solar park near the Jamuna river in Bangladesh’s Jamalpur district, where a second park of a similar size is being planned by Dhaka and a Chinese partner.
100+ businesses band together to demand 1% of GDP be allocated to clean energy in May budget
More than 100 Australian businesses, including some of the country’s largest, have banded together to put pressure on government to commit at least 1% of GDP to a green energy recovery in the May budget and to ensure a more equitable transition to renewables for marginalised Australians.
$103 million flows from ARENA to commercial ‘green’ hydrogen projects, despite concern around gas couplings
Three commercial-scale hydrogen projects have been conditionally approved for $103.3 million in funding from the government’s Australian Renewable Energy Agency, including Western Australian green ammonia project from Engie, as well two hydrogen + gas blend projects from ATCO and Australian Gas Networks respectively.
Error in ‘solar tax’ calculations may leave homes with no export profits, analysis finds
The impacts of Australia’s proposed “solar tax” may have been greatly underestimated, according to a report from the Victoria Energy Policy Centre. The institute says proposed rule change is “likely to leave solar homes with little or no income from rooftop solar exports” as feed-in tariffs drop.
Add electric vehicles, not bulk transmission, for a low-cost, clean grid: UC Berkeley study
A 90% clean grid with a transition to EVs would achieve lower electricity costs than one without, the study shows. Transmission investments would mainly be spur lines to new renewable generation.
Renascor finalises $15m capital raise, on track to be world’s first battery-grade graphite producer outside of China
South Australian company Renascor Resources this morning confirmed it had raised $15 million from institutional investors in Australia and abroad, enough to fund its Siviour Battery Anode Material Project up to the construction phase. The project is on track to become the world’s first integrated mine and purified spherical graphite operation outside of China.
Federal government commits a further $275m to regional hydrogen hubs, devotes similar sum to controversial technology
Australia’s federal government has pledged a further $275.5 million to develop regional hydrogen hubs and $263.7 million for carbon capture and storage technology in a pre-budget announcement ahead of the climate summit on Thursday.
Hydrogen plant in SA would already return millions in profit, research finds
A hydrogen production plant in South Australia would already be profitable, analysis from Cornwall Insight Australia has found.
