New Zealand hydrogen R&D blossoms with German backing
New Zealand and Germany have partnered up to provide NZ$2 million (AU$1.8m) each to three green hydrogen research projects, including one to develop more efficient anion exchange membrane electrolysers which promise to be cheaper and more sustainable to manufacture.
New Energy Solar to wind up after sale of US assets
Australian solar energy investor New Energy Solar is to be wound up after the company reached an agreement to sell its entire portfolio of 14 solar farms in the United States in a deal worth $352 million.
Solar Philippines to build 4 GW solar farm in Nueva Ecija, Bulacan provinces
Solar Philippines, a Manila-based PV module manufacturer and project developer, is looking to secure at least 2,500 hectares of land to expand its 500 MW flagship solar project to 4 GW.
ACEN’s $100 million funding deal boosts 20 GW portfolio plans
The Australian arm of Philippines-based energy company AC Energy has secured a $100 million loan facility which will be used to accelerate the development of clean energy projects in Australia with the company seeking to grow its renewables capacity to 20 GW by 2030.
Ratch ups Asia Pacific renewables ambitions with 2.7 GW purchase
Thailand’s Ratch Group has boosted its renewable energy ambitions in Australia and south-east Asia with the purchase of Singapore-based renewable energy company Nexif Energy’s pipeline of nearly 2.7 GW of wind, solar and storage assets in a deal valued at more than $870 million ($US605 million).
Record solar investment keeping Chinese economy afloat
Investments in renewables are hitting new highs in China, as recurrent Covid-19 outbreaks and a crisis-stricken housing market threaten the world’s second-biggest economy, according to BloombergNEF.
Developer Genex progresses with takeover bid from tech billionaire
After turning down the initial bid last month, Australian developer Genex Power this morning confirmed it will progress with a revised acquisition offer from a consortium of private equity firms led by Skip Capital, belonging to Australian technology billionaire and Atlassian cofounder Scott Farquhar.
US giant BlackRock commits $1 billion to big battery developments in Australia
The world’s largest asset manager, US company BlackRock, has acquired Victorian battery storage developer Akaysha Energy and its portfolio of nine projects in the national grid.
Shell pulls back from Port Kembla hydrogen hub
Less than a year after agreeing to work with Australian steel company BlueScope, Shell is now stepping back from the plan develop a pilot-scale 10 MW green hydrogen electrolyser at the Port Kembla Steelworks and further the vision for a hydrogen hub in the Illawarra.
Lightsource bp begins construction on two solar farms in Australia’s east
Lightsource bp will reach financial close on its 400 MW (DC) Wellington North solar farm in New South Wales and its 90 MW Wunghnu Solar Farm in Victoria by the end of 2022, making it one of Australia’s largest solar developers.
