Fortescue continues US expansion with new clean energy manufacturing plant
Australian mining and green energy major Fortescue has revealed plans to establish a new clean energy technology manufacturing plant in the United States as it looks to take advantage of America’s $565 billion (USD 369 billion) Inflation Reduction Act.
Macquarie targets 4 GW of solar, wind and batteries with new energy business
The green investments arm of global financial services group Macquarie Asset Management has launched a new specialist renewable energy business targeting an initial pipeline of 4 GW of wind, solar and battery energy storage projects across Australia.
WA commits $708 million to future-proof state’s main grid
The Western Australian government will invest more than $700 million (USD 455 million) to deliver the step change in electricity transmission infrastructure needed to unlock renewable energy generation opportunities that will support the state’s energy transformation.
Weekend read: the overproduction conundrum
Manufacturing capacity has been ramping up so quickly that even impressive installation growth cannot keep pace. Molly Morgan, senior research analyst at UK-based research firm Exawatt, explores the relationship between PV supply and demand and assesses the likelihood of overproduction.
Feds tip $70 million into Kwinana hydrogen hub as bp eyes 1.5 GW capacity project
British-headquartered oil and gas major bp will look at deploying a 100 MW electrolyser to produce renewable hydrogen for domestic and export markets as it seeks to transform its former Kwinana oil refinery site in Western Australia into a green fuels hub.
Tesla to take on incumbents in Australia’s retail market
Electric vehicle and battery energy storage manufacturing giant Tesla is aiming to “disrupt the traditional incumbents” in Australia’s electricity retail sector with its application for an electricity retailer licence having been accepted by the market regulator.
WA cuts approvals red tape for major green energy projects
The Western Australian government has introduced a new environmental assessment exemption order in a bid to facilitate smoother and faster approvals for major renewable energy projects and support the state’s decarbonisation efforts.
Bison signs tracker supply deal for five Australian solar farms
Japan-headquartered renewables developer Bison Energy has signed a supply agreement with tracker manufacturer GameChange Solar that is to underpin the development of five Australian solar projects totaling more than 125 MW.
AEMO confident renewables can counter extreme demand
Amid predictions Australia’s energy system faces a summer of extreme demand, the market operator has forecast that renewables, including 2 GW of generation capacity from new wind and solar projects, will counter the risk of power outages.
‘Well short’: Canadian fund flags REZ risks, costs and offtake woes as causing Australian underinvestment
The managing director of Omers Infrastructure, a Canadian infrastructure fund with stakes in FRV Australia and Transgrid, has said the company is “well short” of its investment hopes for Australian renewables.
