Battery prices won’t fall until 2024: IHS Markit
The London-based analyst has published a series of clean tech predictions for the year which also highlighted the rising proportion of sub-5MW solar projects in the global market, and cheaper clean energy financing costs even as panel prices continue to rise.
$125 million fund for innovative Australian–German green hydrogen projects opens
A joint fund with roughly $125 million from both the Australian and German governments has opened today and is seeking applications from projects across the value chain of renewable green hydrogen.
Floating solar, battery manufacturing co-op among nine projects funded in coal country Victoria
The Victorian government will fund a floating solar project, an initiative to locally manufacture solar batteries, and install a portable renewable energy system for community services during emergencies as part of its Latrobe Valley program.
Australian-led consortium acquires French solar company with 15GW under development
A consortium led by Australian financial group Macquarie Asset Management will acquire French solar developer Reden Solar. The $3.7 billion (€2.5 billion) transaction is expected to be finalised in the third quarter of this year.
EV battery manufacturer demonstrates 1200km range, raises $88 million
The US battery manufacturer Our Next Energy (ONE) has said it will use the funding led by BMW to accelerate its R&D and build a US manufacturing facility.
Cannon-Brooks puts ‘pens down’ after AGL shuns revised takeover bid
Australian energy major AGL has rejected a second buyout offer from a consortium including software billionaire Mike Cannon-Brookes and Canada’s Brookfield Asset Management, saying it continued to undervalue the power producer.
Solving the EPC equation for utility-scale solar developments
We are living through uncertain times. Despite the urgency of the energy transition and the substantial and growing opportunities for new utility-scale (and larger) renewables developments, risks arise for owners, developers, lenders, investors and contractors.
Philippine irrigation body offers up sites for floating solar
With senators having called for plantation-wide solar powered pumping projects, funded by public money, the country’s National Irrigation Administration has agreed and said it wants to embrace floating solar facilities too.
Frontier advances plans for 114MW solar farm in WA’s southwest
Emerging Western Australian renewable energy project developer Frontier Energy is pushing ahead with “significantly advanced” plans to develop a large-scale solar PV farm in the state’s southwest after the successful completion of an $8 million capital raising.
Rackless, earth-mounted solar provider earns funding
Erthos secured a US$17.5 million (AU$24 million) Series B from an investor who participated in the startup of Tesla and SpaceX. The utility-scale solar company has a 2.5GW project pipeline.
