Global clean energy investment hit $3.41 trillion in 2024, says BNEF
BloombergNEF says in a new report that global clean energy investment reached $2.1 trillion in 2024, more than doubling 2020 levels. The United States led energy transition debt issuance, driving up investment 5% year on year to $334 billion.
Future clean energy investments stalled by outdated national electricity market
Clean Energy Investor Group research finds the national electricity market is an outdated design – built for an era of coal and gas – and hinders investment in modern large-scale energy projects like wind, solar, and batteries.
Thermal storage beats hydrogen, electrification on industrial costs
A new study in Germany shows the advantages of thermal energy storage in the decarbonisation of industrial processes, including in Australia. The researchers noted clear cost advantages and high potential for flexibility in the power grid.
Planets align for Australia’s first live DER integration into wholesale markets
Manager of Western Australia’s South West Interconnected System Western Power has been allocated $20.8 million from the Australian Renewable Energy Agency for its Project Jupiter, which for the first time in Australia will integrate a live distributed energy resources marketplace with wholesale markets.
Distributed solar on a roll breaking output records nationwide in Q4
Like a gift that keeps on giving across Australia’s electricity markets, distributed solar has punched yet again above its weight to break records in the close out of 2024, according to a new report from the Australian Energy Market Operator.
Large-scale solar delivers generation high
Large-scale solar farms across Australia generated a record 16.2 TWh of clean energy in 2024, delivering a near 7% increase on the previous year and taking the contribution from renewables to a new record high.
Wood Mackenzie tips solar growth to stagnate in 2025
Wood Mackenzie’s latest report forecasts that 493 GW (DC) of solar will be added throughout the world this year, compared to 495 GW in 2024. Solar module prices are expected to rise this year as manufacturers aim to recover profit losses from the past two years.
Trump orders pause to IRA funding
An executive order released by the newly installed United States government states, “All agencies shall immediately pause the disbursement of funds appropriated through the Inflation Reduction Act of 2022.”
GridBeyond launches price forecasting service in NEM
Ireland-headquartered smart grid technology company GridBeyond has announced the launch of its frequency control ancillary services price forecasting service in the Australian National Electricity Market.
Masdar makes 1 GW move into Philippines power market
United Arab Emirates-based renewable energy company Masdar has announced its entry into the Philippines market, revealing plans to develop 1 GW of clean energy projects in the Southeast Asian nation by the end of the decade.
