Investment cycle means race is on to incentivise green hydrogen
A report published by IRENA hints the world’s politicians will have to get to work immediately to avoid another generation of fossil fuel-fired hydrogen, ammonia, and methanol plants being set up to run into the second half of the century.
World has installed 1TW of solar capacity
The world has installed its first terawatt of hardware on earth to generate electricity directly from the sun.
India surpasses 50GW of solar
In the fourth quarter of 2021 alone, solar developers added 3.2GW of new PV installations in India.
Origin accelerates delivery of large-scale renewable energy strategy
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up plans for the delivery of large-scale renewable energy projects as it prepares to replace the capacity set to be withdrawn from the grid with the impending closure of the nation’s biggest coal-fired power station.
5B and Zenith Energy partner up for mining industry solar deployment
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.
Indian green hydrogen will cost $5/kg
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.
Battery prices won’t fall until 2024: IHS Markit
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.
Jobs return to the spotlight as transition accelerates
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.
$125 million fund for innovative Australian–German green hydrogen projects opens
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.
Australian-led consortium acquires French solar company with 15GW under development
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.
