Markets

New South Wales’ largest electricity user, Tomago Aluminium, is accelerating its plan to abandon coal-fired power, revealing it is looking to collaborate with key industry partners to develop new and innovative renewable power generation and energy storage projects.

Indonesia will have to get to work installing more than 24 GW of solar this year – and every year – if the region is to achieve the 2.1 TW to 2.4 TW of photovoltaics the International Renewable Energy Agency has estimated it will require to achieve a net zero carbon energy system by 2050.

The U.S. Department of State has suggested companies including Google, Unilever, and Amazon could invest billions of dollars in Australia’s renewable energy sector as a result of a newly inked clean energy initiative.

International metals group Korea Zinc’s Australian subsidiary Ark Energy has announced it will build 3 GW of renewable energy generation in north Queensland as part of plans to produce more than 1 million tonnes of green ammonia per annum for export by 2032.

The city authority wants a developer to construct a 7 MW solar project for it as part of a push to widen its sources of electricity, and says clean energy will be cheaper than – largely coal-fired – grid power from Eskom.

Victoria’s ongoing transition to renewable energy sources, including the installation of hundreds of thousands of rooftop solar PV systems, has helped the state “smash” its 2020 emission reduction targets on the path to net zero by 2050.

Prime Infra recently acquired a 500 MW pumped storage hydropower project in Rizal province in the Philippines. The company is also developing a 1.4 GW facility in the country.

Ukraine is still facing dire circumstances, with war continuing to claim lives and Russian invaders occupying large parts of the country. Solar plant owners also face serious challenges, including collateral damage, looting, destruction of communication infrastructure, and payment shortfalls. However, a bold vision for recovery has been set out with a key role for solar, as Ian Skarytovsky reports.

Australia’s Clean Energy Regulator has this week executed search warrants on several residential and commercial addresses connected to a Perth-based solar PV retail and installation business as part of an investigation into a potential $1.5 million solar panel fraud.

Transitioning from fossil fuels to renewable energy technologies including solar PV and green hydrogen by 2050 could save the world at least $18 trillion (US$12 trillion), according to a peer-reviewed study published by researchers from Britain’s Oxford University and Australia’s Monash University.