Update on acquisitions of ASX-listed renewables developers
In its formal bidder’s statement, Philipines UAC Energy has urged Infigen shareholders to accept its takeover bid of $0.80 a share, while Infigen remained adamant no action should be taken in relation to the “opportunistic” offer. Previously, the acquisition of another prominent renewables developer, Windlab, was greenlit in a landslide shareholder vote.
Bringing green steel to reality: GFG launches Whyalla overhaul
GFG Alliance head Sanjeev Gupta has announced a high-cost refurbishment plan for the Whyalla Steelworks in South Australia marking a major step towards his goal to power the plant with green hydrogen.
Predatory ‘buy now pay later’ solar sales practices taken to Competition Tribunal
The Australian Competition Tribunal is currently hearing arguments on a proposed code that would apply to the ‘buy now pay later’ sales practices of solar panel and installations. It is being argued that the practices are a form of predatory lending.
Historic-low interest rates will power ahead astonishing solar cost reductions
An Ieefa report has suggested the cost of generating electricity from solar will be near zero in the world’s sunniest regions by 2030-40 – despite what the naysayers at the International Energy Agency might think.
17 microgrid projects win government funding
The federal government has announced funding for a series of microgrid feasibility studies that will seek to unlock more secure, affordable, and reliable energy for regional and Indigenous communities.
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.
