Markets & Policy

Endeavour Energy has activated the first community battery on its network in the New South Wales South Coast as part of a broader program the electricity distributor says will support a higher uptake of renewables and allow more households to access the benefits of rooftop solar.

Zen Energy has received a greenlight from New South Wales state-owned corporation WaterNSW to investigate transforming Sydney’s biggest water storage facility into a 1 GW pumped hydro project capable of supplying on-demand power for up to eight hours.

Australian-owned renewable energy investor and developer Quinbrook Infrastructure has announced financial close and the start of construction on a 250 MW / 500 MWh battery energy storage system that will form the first stage of a $2.5 billion renewables-powered data storage precinct in Queensland.

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.

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.

New analysis from independent think tank Climate Energy Finance finds renewable energy and decarbonisation of industry is receiving just 7% of the ‘Big 4’ banks’ collective multi-billion-dollar sustainable finance target allocations.

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.

Fortescue has awarded energy infrastructure provider GenusPlus Group two contracts worth a combined $50 million to deliver transmission infrastructure as the mining giant works to decarbonise its iron ore operations in Western Australia.

A Western Australian Aboriginal corporation’s plan to create one of the country’s largest renewable energy projects has reached a new milestone with the registration of the Indigenous Land Use Agreement for the planned 3 GW project by the National Native Title Tribunal.

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.