Markets

In the fourth quarter of 2021 alone, solar developers added 3.2GW of new PV installations in India.

Australia’s largest energy retailer Origin Energy has ramped up plans for the delivery of large-scale renewable energy projects as it prepares to replace the capacity set to be withdrawn from the grid with the impending closure of the nation’s biggest coal-fired power station.

Mine sites across Western Australia are decarbonising after Zenith Energy and modular solar pioneer 5B signed an Ecosystem Framework Agreement-Deployment, which will see 5Bs rapidly deployable Maverick solar systems installed along with battery energy storage systems at multiple mine sties.

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.