Markets

Neoen announced last month that it had completed the financing of its 460 MW Western Downs Green Power Hub, but today it has been revealed that said green finance came about through a wide reaching international effort, including seven global banks, a salutary sign that green finance is accelerating as fossil fuel divestment continues.

AGL’s ambitious 850 MW target of new large-scale battery storage in its portfolio by FY 2024 is seeming less like an opportunity and more like an inevitability with each passing week. Following on from last week’s announcement of a 250 MW, four-hour-duration battery at its Torrens Island Power Station in South Australia, AGL has this week announced a 200 MW battery project at Victoria’s Loy Yang A power station.

Recognising that the major problems facing the world can’t be solved by any one organisation, three New South Wales universities at the peak of renewable-energy research have rewritten the rules of collaboration to influence policymakers and accelerate solutions to market.

The University of New South Wales will lead a consortium of Australian and German researchers and industrial partners in a feasibility study to tease out and provide solutions for the obstacles for the trade of green hydrogen from Australia to Germany.

Brisbane-based global EV charging powerhouse Tritium has unveiled a scalable solution which will give peace of mind to network operators and governments the world over. The solution, launched in tandem with the next-gen RTM75 DC Fast Charger, knocks down one of the few remaining obstacles to large scale EV charger uptake.

Following on from Social Energy’s launch in Australia late last year, the UK company has teamed up with SolaX to offer a rather appetising feed-in-tariff deal to go with a combined solar and energy storage system.

Two new reports have sought to extinguish the floundering gas myth once and for all, showing the federal government’s “gas-fired recovery” plan will benefit neither Australia’s manufacturing industry nor domestic users.

Steel giant BlueScope is backing the NSW Government’s ambitious renewable infrastructure plan through a $20 million investment into the development of a Renewable Manufacturing Zone at its Port Kembla site in the Illawarra. The investment seeks to encourage innovation in the renewable sector and work towards the Government’s goal of constructing the state’s Renewable Energy Zones with local materials.

Danish investment firm Copenhagen Infrastructure Partners has given its partnership to Hydrogen Renewables Australia as it looks to develop the 5,000 Mw Murchison Renewable Hydrogen Project near Kalbarri in Western Australia. The project looks to utilise Australia’s best wind and solar resources to produce hydrogen fuel for export to nations such as Japan and Korea.

AustralianSuper, the country’s largest superannuation fund, has followed up from its dumping of shares in Whitehaven Coal with a commitment to a net zero carbon emissions investment portfolio by 2050. The fund, a major global investor, is as yet only a minor investor in the renewable energy sector, but that looks like it will soon change.