Australia grid delays affect Dutch developer’s figures
Photon Energy reported raised revenue from sales of electricity in the second quarter of the year, compared with 12 months earlier, but said grid hold-ups at 14.6 MW of solar projects Down Under had affected performance.
Spark accepts $5.2bn takeover bid from American consortium
Australian electricity network owner Spark Infrastructure has accepted a $5.2 billion takeover bid from a North American consortium led by private equity giant Kohlberg Kravis Roberts & Co.
How Australia could save almost $7 billion on its energy transition
The risks posed to renewable-energy projects by Australia’s uncertain climate change policies and hamstrung regulators, have become a concerning brake on investment. Adjusting settings to reduce those risks would revitalise investor sentiment and vastly reduce the cost of implementing the country’s switch to renewables, says the Clean Energy Investor Group.
New net-zero-pursuing investors change Australia’s renewable-energy development game
Imperatives meet opportunity. Corporate and utility goals for sustainability are driving a new group of investors to pick up the Australian renewable-energy resource and run with it. A new PwC report outlines how the new investor-developer partnerships could work.
CEFC to pursue ‘priority areas’ after year of investment firsts
The Australian government’s green bank has reaffirmed its intent to evolve beyond investing in solar and wind, expanding its focus to include green hydrogen, energy storage and transmission projects after finalising a string of investment firsts in the past 12 months.
Corporate renewable PPAs are on the rise in Asia Pacific, says WoodMac
Corporate power purchase agreements are the second most adopted purchasing method in the world, and they’re growing fast. With the U.S. and Europe picking up the pace in the last year, the Asia Pacific is not going to be left behind, with Wood Mackenzie estimating corporate PPAs in the region doubled in the last year.
Energy giant’s $2.06 billion loss labelled a ‘Titanic’ failure
Australia’s largest energy retailer AGL has blamed an “extremely challenging market” prompted in part by the ongoing penetration of renewables, including rooftop solar PV, after reporting a $2.06 billion full-year net loss.
Calcium-antimony liquid metal battery to be commercialised by US company
Ambri has secured US$144 million ( AU$195 million) to commercialise its calcium-antimony liquid metal battery chemistry and open manufacturing facilities to deliver projects in 2023 and beyond.
‘Good portion’ of NSW’s bus fleet to run on hydrogen as state launches collaboration platform
As Australia’s most populace state, New South Wales, prepares to put out its hydrogen strategy roadmap later this year, the state is planning to use hydrogen to power its public transport fleets and will soon launch a digital collaboration portal.
Melbourne energy management company attracts funding for commercialisation
Melbourne-based company carbontrack has secured $877,000 in funding to accelerate the commercialisation of its energy management technology. The funding comes in part from industry and in part from the federal government.
