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Ratings agency ICRA has estimated Indian green hydrogen will cost that much if produced at sites featuring clean energy generation capacity and electrolysers. That is between US$0.5–$1 per kilogram cheaper than in locations where the two systems are not co-located, with the saving possible due to a reduction in open-access, intra-state grid charges.

The London-based analyst has published a series of clean tech predictions for the year which also highlighted the rising proportion of sub-5MW solar projects in the global market, and cheaper clean energy financing costs even as panel prices continue to rise.

With Australia’s unstoppable clean energy transition picking up pace, the question of jobs and how to reskill fossil fuel workforces is again at centre stage. Over the weekend, the Victorian government announced an initiative to encourage women to enter the male-dominated industry, while the federal government announced it would begin delivering reports on energy sector jobs to avoid skills shortages.

A joint fund with roughly $125 million from both the Australian and German governments has opened today and is seeking applications from projects across the value chain of renewable green hydrogen.

A consortium led by Australian financial group Macquarie Asset Management will acquire French solar developer Reden Solar. The $3.7 billion (€2.5 billion) transaction is expected to be finalised in the third quarter of this year.

Australian energy major AGL has rejected a second buyout offer from a consortium including software billionaire Mike Cannon-Brookes and Canada’s Brookfield Asset Management, saying it continued to undervalue the power producer.

With senators having called for plantation-wide solar powered pumping projects, funded by public money, the country’s National Irrigation Administration has agreed and said it wants to embrace floating solar facilities too.

With 90% of world economies committed to net zero targets, the disruptive nature of the energy transition is becoming clear. Climate targets require us to triple renewable energy capacity by 2030, phase out coal by 2040, end fossil fuel subsidies, and ensure support for a just transition. While hydrogen is sure to be a key technology in this energy transition, the exact role it will play is not yet clear, reports Felicia Jackson.

US analyst Clean Energy Associates made some notable predictions in its Q4 survey of the world solar manufacturing market, including echoing predictions made elsewhere that the new polysilicon production capacity coming online now will help arrest the spike in solar panel prices.

With the owners of Australia’s coal-fired generator fleet fast tracking the closure of the ageing infrastructure, the New South Wales government has unveiled a new corridor for transmission lines that could help it almost quadruple the size of the planned Central-West Orana Renewable Energy Zone.