Australia joins global clean energy race with new subsidy policy
The federal government has unveiled plans for a Future Made in Australia Act, proposing taxpayer-funded incentives to advance renewable energy industries, manufacturing, and infrastructure to stake Australia’s place in the global clean energy race.
Rooftop subsidies and rising costs present roadblocks for large-scale renewables
The head of one of Australia’s largest energy generators, retailers and developers has pointed to rising costs and uncertainty about recovering those costs as the cause of a drop in investment for large-scale renewables that threatens Australia’s clean energy goals.
Renewables underpin Fortescue Morocco joint venture
Australian iron ore and renewables giant Fortescue Energy has signed a joint venture with Moroccan phosphate mining company OCP Group to supply green hydrogen, ammonia, and fertilisers to Morocco, Europe and international markets.
Big batteries overshadow residential rollout as deployment records smashed
Australia’s energy sector is undergoing a notable shift with new data from market analyst Sunwiz showing a record surge in utility-scale battery energy storage projects over 10 MWh in 2023 while residential and commercial installations also reached new highs.
Land agency says renewables target driving ‘huge’ demand
With renewable energy capacity in Australia expected to at least double over the next six years, the search for land to host solar, wind and energy storage developments is offering a new income stream for interested landowners.
Lawler talks of ray of sunshine for idle NT solar farms
Three sleeping solar farm beauties in the Top End may receive the kiss of life with Northern Territory Chief Minister Eva Lawler indicating the government could buy them from their owner, but questions remain about grid stability.
Genex eyes new PPAs for Bulli Creek solar project
Fortescue has missed a deadline to reach financial close on a green hydrogen project in Queensland that is key to Genex Power’s proposed Bulli Creek solar and big battery development, but there are other names on Genex’s dance card if the deal falls through.
CIP acquires majority stake in Elgin Energy
Copenhagen Infrastructure Partners has acquired a majority stake in Elgin Energy that will help the Ireland-headquartered solar developer to transition into an independent power producer and grow its pipeline of projects in new and existing markets, including Australia.
Tesla reports record energy storage deployment figures
Tesla’s global electric vehicle sales are plummeting, but its energy storage business is surging, with more than 4 GWh deployed in the first quarter of 2024 alone.
Malaysia launches 2 GW solar tender
The Malaysian government has kicked off a 2 GW solar tender featuring four packages of rooftop, ground-mount, and floating solar, with permitted generation capacities ranging from 1 MW to 500 MW.
