Developer Genex progresses with takeover bid from tech billionaire
After turning down the initial bid last month, Australian developer Genex Power this morning confirmed it will progress with a revised acquisition offer from a consortium of private equity firms led by Skip Capital, belonging to Australian technology billionaire and Atlassian cofounder Scott Farquhar.
Lightsource bp begins construction on two solar farms in Australia’s east
Lightsource bp will reach financial close on its 400 MW (DC) Wellington North solar farm in New South Wales and its 90 MW Wunghnu Solar Farm in Victoria by the end of 2022, making it one of Australia’s largest solar developers.
Energy ministers’ move puts onus on emissions reductions
Energy ministers from around the country have powered up Australia’s shift from coal and gas to a renewables-based grid with a national agreement to enshrine emissions reductions objectives into laws governing the nation’s energy market.
Traditional hydrogen blending could damage gas pipelines, say researchers
UK researchers have revealed that gaseous hydrogen could cause problems in natural gas pipelines, while electrolyser manufacturer Nel has announced plans to build a second production line in Norway.
China’s green finance market topped $4 billion in H1
Deutsche Bank has revealed that China’s green finance market surpassed CNY 20 trillion (AU$4.07 billion) in value in the first half of 2022. Haitai Solar has listed shares in Beijing, while Shangji has revealed plans for a new polysilicon project in Inner Mongolia.
Growing consensus on 100% renewables
An international group of researchers from 15 universities has said that there is growing consensus among scientists that an energy system based on 100% renewables could be achieved cost effectively by 2050.
Regulator unveils new online toolkit for energy businesses
The Australian Energy Regulator has launched a “one-stop” online shop which aims to reduce regulatory hurdles and assist energy businesses and start-ups seeking to bring new technology and innovation to the market.
Canadian Solar to build new Qinghai production base
Canadian Solar has announced plans to invest in a new solar production base in Qinghai province, while Boamax Technologies has revealed that it will build a new heterojunction solar cell and module factory in Anhui province.
Genex buys Queensland solar + storage project with 2 GW of development rights
Australian renewable energy developer Genex Power has bought Queensland’s Bulli Creek storage project from Solar Choice, saying it plans to develop the site in five stages – the first of which will include a 400 MW / 1,600 MWh big battery.
Australia’s energy prices set to remain high until 2026
In a bit more bad news for everyone already struggling with the current energy crisis, modelling from Cornwall Insight Australia forecasts that prices will remain at increasingly high levels for the next three years, after which they will flatten but are not likely to lose their volatility in the longer term.
