CEFC makes first industrial property investment as it seeks to unlock sector’s PV, battery potential
The Australian government’s green bank has announced its $50 million investment in the green strategy of one of Australia’s largest industrial and logistics funds managed by Charter Hall Group.
New England big battery awarded $12.5 million state government grant
The 50 MWh battery will be colocated with stage 1 of the UPC/AC Renewables’ 720 MW New England Solar Farm.
Genex raises funding to fast-track Queensland battery project
After demand under the share placement significantly exceeded the company’s capacity, the Sydney-based developer has decided to undertake an additional share purchase plan to secure funding for the development of its 50 MW/75 MWh Como battery project in central Queensland.
CEFC to shift focus from renewables to grid, hydrogen projects
The Australian government’s green bank intends to move beyond solar and wind investment over the coming year and put its capital to work in the nascent green hydrogen industry and grid projects.
Shareholders call on AGL to accelerate coal station closures
The Australasian Centre for Corporate Responsibility (ACCA), a shareholder advocacy group, has filed a Shareholder Resolution to AGL Energy calling for the expedited closure of its Bayswater and Loy Yang A coal-fired power stations. ACCA says that AGL’s own modelling contradicts both its climate commitment and its fiduciary responsibility.
Enphase Q2 micro-inverter revenue falls despite demand ‘rebound’
Coming off a strong, profitable first quarter, Enphase sees the second-quarter results of Covid-19 in compressed revenue and a swing to a loss. Gross margins remain strong.
CEFC takes stock of the future, backs Australian Climate Transition Index
The Clean Energy Finance Corporation is set to become the cornerstone investor in a BNP Paribas’ issuance $140 million in new Australian green bonds through its Australian Climate Transition Index, an index for investors to parse the companies that will survive and thrive into a decarbonised future from those who will decay and die.
Shell Australia acquires carbon farming business Select Carbon
The Anglo-Dutch power company will buy Perth-based environmental specialist Select Carbon as part of a broader ambition to reach net-zero emissions by 2050 or sooner.
Sterling and Wilson: Europe will be our next stop
Having bagged large orders in the U.S. and Australia, Indian multinational engineering, procurement and construction (EPC) services provider Sterling and Wilson Solar is bidding for tenders in new regions, Europe among them. Kannan Krishnan, S&W’s chief operations officer for solar in India and the South Asian Association for Regional Cooperation area, speaks to pv magazine about the impact of Covid-19 on the solar EPC business and the company’s expansion plans.
Chevron turns to renewables to power Western Australia facilities
The oil and gas giant has announced it will build 500 MW of renewable energy projects to power some of its global facilities under the four-year agreement with Canada’s Algonquin Power & Utilities.
