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Finance

Adani chief talks solar and hydrogen storage opportunity

Covid-19 crisis has provided system operators with insights on keeping the grid stable with high levels of renewable penetration. Post Covid-19, this may be the new norm, Gautam Adani said in a LinkedIn post recently.

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Magnis wins investor backing, keeps to Townsville battery gigafactory plan

Graphite miner Magnis Energy, one of the companies behind plans to develop an 18 GWh lithium-ion battery factory in northern Queensland, has received commitments to raise $1.5 million.

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Okra Solar’s new tech is a one-two punch against energy poverty

Okra Solar, the Aussie startup we last saw delivering solar mini-grids to remote communities via a shared ping-pong table, is emerging from Covid-19 lockdown with new investors and two new pieces of tech that will better enable solar energy access to the 900 million people around the world still lacking power.

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Australia tops up solar funding to Tonga

An additional $2.9 million from the Australian Government’s Outer Islands Renewable Energy Project (OIREP) is making its way across the sea to the kingdom of Tonga in the form of solar power plants and energy storage. The project is helping Tonga to achieve its target of generating 50% of its electricity from renewable sources by 2020 and 70% by 2030. 

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Solar could hold advantage in post-pandemic global energy sector

The International Energy Agency has acknowledged dramatic falls in energy investment caused by the Covid-19 crisis but said renewables, including PV, offered an attractive proposition to investors as the dust settled, given their enticing economics and short turnaround times.

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Photon Energy secures financing for two merchant solar plants in NSW

The two solar plants with a combined capacity of 14 MWp will represent the first Australian utility-scale PV projects in Photon Energy’s independent power producer (IPP) portfolio.

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Canadian Solar sees turnover and profits surge

The Chinese-Canadian solar manufacturer reported a 41% year-over-year increase in total module shipments to 2.2 GW in the first quarter. Revenue grew by 70% to $826 million, while net profit improved significantly from $17.2 million to $110.6 million.

ACT fast-tracks solar upgrades for public housing, batteries for schools

The ACT Government has allocated funding to undertake solar and sustainability upgrades on public and community housing and install solar batteries for two public schools as part of its fast-tracked infrastructure projects to support the local economy.

NSW has approved Snowy 2.0. Here are six reasons why that’s a bad move

The controversial Snowy 2.0 project has mounted a major hurdle after the New South Wales government this week announced approval for its main works.

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Australia’s technology roadmap to lower emissions: Gas, CCS, coal and nuclear on the cards

A national Technology Investment Roadmap, which is intended to drive a successful shift to secure, more affordable energy and lower emissions, has flagged support for new gas investments, carbon capture and storage, and “emerging nuclear technologies”. The long-awaited document has prompted a flurry of reactions.

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