ARENA receives overwhelming response to green hydrogen funding round
More than $3 billion of renewable hydrogen projects are vying for funding from the Australian Renewable Energy Agency (ARENA) to build the first commercial-scale projects in the country.
HomeBuilder misses a chance to make our homes perform better for us and the planet
The federal government’s new A$688 million HomeBuilder package might protect residential construction jobs but it’s a missed opportunity to deliver sustainability benefits that would save owners money in the long run.
Solar costs have fallen 82% since 2010
The levelized cost of energy generated by large scale solar plants is around $0.068/kWh, compared to $0.378 ten years ago and the price fell 13.1% between 2018 and last year alone, according to figures released by the International Renewable Energy Agency.
Philippines UAC announces takeover bid for Infigen Energy
UAC Energy Holdings, a joint venture of Ayala’s AC Energy and Hong Kong-based UPC Renewables Group, said it would offer $777 million to buy Infigen Energy, one of Australia’s most prominent renewables companies.
PV plants lasting longer, with lower operational costs
Solar plants are now expected to last 32.5 years and have operational costs of $17 per kW/year, as shown by a Berkeley Lab survey of industry participants.
Adani chief talks solar and hydrogen storage opportunity
Covid-19 crisis has provided system operators with insights on keeping the grid stable with high levels of renewable penetration. Post Covid-19, this may be the new norm, Gautam Adani said in a LinkedIn post recently.
Magnis wins investor backing, keeps to Townsville battery gigafactory plan
Graphite miner Magnis Energy, one of the companies behind plans to develop an 18 GWh lithium-ion battery factory in northern Queensland, has received commitments to raise $1.5 million.
Okra Solar’s new tech is a one-two punch against energy poverty
Okra Solar, the Aussie startup we last saw delivering solar mini-grids to remote communities via a shared ping-pong table, is emerging from Covid-19 lockdown with new investors and two new pieces of tech that will better enable solar energy access to the 900 million people around the world still lacking power.
Australia tops up solar funding to Tonga
An additional $2.9 million from the Australian Government’s Outer Islands Renewable Energy Project (OIREP) is making its way across the sea to the kingdom of Tonga in the form of solar power plants and energy storage. The project is helping Tonga to achieve its target of generating 50% of its electricity from renewable sources by 2020 and 70% by 2030.
Solar could hold advantage in post-pandemic global energy sector
The International Energy Agency has acknowledged dramatic falls in energy investment caused by the Covid-19 crisis but said renewables, including PV, offered an attractive proposition to investors as the dust settled, given their enticing economics and short turnaround times.
