Shell teams with ICG to buy Meridian’s Australian assets in $729m deal
International oil giant Shell is set to acquire Australian energy retailer Powershop after partnering with Sydney-headquartered investment manager Infrastructure Capital Group in a $729 million deal which will see the consortium purchase all of Meridian Energy’s Australian assets.
Funding round fuels SUN Energy’s Asia-Pacific plans
The owner of the 100 MW Merredin Solar Farm in Western Australia has confirmed it will look to accelerate its roll out of renewable energy projects in the Asia-Pacific region after raising more than $34 million in Series A financing.
Three solar farms in NSW reach financial close
Greek company Mytilineos has reached financial close on all three of its 40 MWp solar farms in New South Wales, marking an important milestone in the company’s strategic move into the Australian market.
Is gas or storage the ideal dispatchable replacement for coal? A NSW case study
Everything you see exists together in a delicate balance. Octopus Investments Australia’s Investment Director of Energy Markets, Lumi Adisa, takes a Lion King-themed deep dive into New South Wales to find out what comes after coal.
Investability of Australian large-scale renewables remains low
COP flack for Australia’s insubstantial and unstructured response to decarbonisation has not made the country more attractive to investors. Has our first-mover status cruelled our investability, and what could the next Federal Government do to revive investor confidence?
Analysts revise up zero-emission vehicle forecast after bumper year
A report published by BloombergNEF for the COP26 climate change summit has listed global commitments by cities, states, provinces and nations to end the sale of new fossil-fuelled vehicles but, with 2035 estimated as the cut-off date for zero-emission roads by mid century, policymakers need to be more ambitious.
CCS link takes shine off $500 million plan to boost CEFC funding
Federal government plans to expand the mandate of the Clean Energy Finance Corporation so it can invest in carbon capture and storage technology have been criticised as “yet another attempt to prop up Australia’s thermal coal industry, at the expense of renewables”.
Piling on rooftop solar adds value to Wangaratta businesses
Across Australia businesses understand the many pluses of running on renewable energy. The Sustainable Australia Fund helps them achieve multiple business ambitions by offering flexible finance for solar, battery storage and energy efficiency measures.
SolarEdge posts more record numbers, says good times are set to continue rolling
The inverter and battery manufacturer said it has been sitting on a record order backlog for the current three month window and the opening quarter of the new year, which may in part be down to a long Covid shutdown at its Vietnamese production base.
AusNet agrees to $10.2 billion takeover
Victoria’s electricity transmission network looks like it will be soon be owned by Canadian asset management group Brookfield, after the consortium upped its offer yesterday.
