South Australian miner to lodge application for critical rare earth mine
Australian mining company Australian Rare Earths is moving forward with plans to apply for a licence to mine rare earths in South Australia’s southeast as part of its flagship Koppamurra project.
Queensland’s $5 billion CopperString purchase to unlock 6 GW of renewables
The Queensland government will acquire the $5 billion (USD 3.37 billion) CopperString transmission line project which is set to unlock 6 GW of renewable energy resources and connect Queensland’s North West Minerals Province to Australia’s national grid. The shovel-ready project, many years in the making, is hailed as the biggest expansion to Australia’s energy grid in decades.
Renewable energy institutional investment has gone ‘from niche to mainstream’
Term Loan B funding may be a multi-trillion-dollar pool made available to renewable energy development. KeyBanc managing director Andrew Redinger shares his view of the evolving market in a white paper.
Queensland to partner with SEC on solar panel recycling pilot
The Queensland government will team with the Smart Energy Council to develop an industry-led solar panel recycling scheme and investigate a ban on the dumping of end-of-life panels as it prepares for a surge in the number of decommissioned PV modules coming off rooftops.
Sims announces plan to sell stake in LMS Energy
Metal recycling company Sims plans to offload its 50% stake in Queensland-headquartered renewable energy group LMS Energy which owns and operates six solar plants and 36 waste-to-energy facilities at landfill sites throughout Australia.
NSW commits $1.5 billion in concessions for green hydrogen projects
Two new green hydrogen projects in New South Wales will share in $64 million (USD 43.25 million) in support as the state government looks to accelerate the development of a hydrogen industry which is projected to attract more than $80 billion in private investment.
Study shows payback times for heat pumps could plunge by 2030
McKinsey & Company says in a new report that payback periods for heat pumps could fall by up to 38% by 2030.
BayWa re to sell PV product distribution business
BayWa AG is strategically realigning BayWa re so it can sell its solar trade business. In the future, the subsidiary will focus on international projects as an independent power producer (IPP).
Weekend read: Dawn of the store-age
Last year was another landmark 12 months for energy storage, with all indicators pointing to a massive surge in demand. Supply chain instability and inflation saw battery prices rise, but the industry demonstrated an ability to swiftly react to geopolitical developments. Marija Maisch examines five trends driving the market.
NSW welcomes a fresh cohort of solar schools
A new cohort of 18 New South Wales (NSW) public schools will receive solar and battery energy storage systems in the latest round of the NSW government’s Smart Energy Schools Pilot Project.
