Markets & Policy

Environmental approval from the government of South Australia means Renascor Resources is now a step closer to realising its integrated graphite supply chain. Graphite is a key component in lithium-ion battery production and Renascor’s South Australian deposit is considered the largest outside of Africa.

Woodside has won out over Fortescue Future Industries to deliver the proposed Southern Green Hydrogen megaproject in New Zealand’s Southland. The 600 MW project intends to produce green hydrogen for export using power from partner Meridian Energy’s hydroelectric plant.

New provisions in the Philippines define interconnection standards, the certification of compliance requirements, and pricing methodologies, among other matters.

Described as a “masterclass” in shareholder activism, Perth-based mining technology company TNG Limited, owner of the major vanadium Mount Peake Project, has had its leadership team collapse with former AFR columnist elected as the new director, winning 95% of the vote during the company’s AGM.

The First Nations Clean Energy Network, a group launched in November 2021 to ensure Indigenous communities share in the benefits from renewables, is releasing new guides to help industry and government engage with First Nations communities.

Civil and building works have now been completed on the site of the Northern Territory’s $45 million (USD 30.2 million) big battery, known as the Darwin-Katherine Battery Energy Storage System. The 35 MVA battery is being delivered by Hitachi Energy and will deploy Virtual Synchronous Machine technology, allowing it to provide virtual inertia and system strength services to the grid.

PV InfoLink says polysilicon prices are clearly starting to fall. Meanwhile, Longi has lowered the prices of all wafers, and JA Solar has unveiled plans to build a new 10 GW factory.

With construction underway on a $295 million (USD 197 million) transmission project to connect the landmark Kidston Clean Energy Hub to the grid in far north Queensland, developer Genex Power has announced plans to boost the generation capacity of what is already Australia’s largest hybrid energy project combining wind, solar and pumped hydro.

Australian renewable energy startup Green Gravity plans to accelerate the commercialisation of its gravitational energy storage technology – which aims to generate clean, dispatchable energy by lowering weights down old mine shafts – after inking an agreement with global professional services company GHD.

Seven New South Wales local councils have united to secure a long-term electricity purchasing agreement utilising the 115 MW Metz Solar Farm which will deliver enough renewable energy to allow the participating councils’ facilities and assets to transition to 100% renewables in a staged approach from January 2023.