CEFC backs developer’s vision for 100% renewables apartments
The Clean Energy Finance Corporation has awarded the Australian arm of Malaysia-headquartered property developer Mulpha an $80 million (USD 53.95 million) loan to help deliver the first stage of an energy-efficient apartment development in Sydney’s Hills district which is to be powered by 100% renewable energy.
Global PV manufacturing capacity to reach 1 TW by 2024
PV manufacturing capacity is projected to more than double by 2024, led by China, but oversupply is also anticipated, according to the International Energy Agency (IEA).
Weekend read: Australia’s electric dreams
Australia is set to electrify everything. Vibrant communities willing to trial the transition are the first in line to learn what to do and how to bring everyone along, reports pv magazine Australia’s Natalie Filatoff.
Compulsory acquisition letters sent to landowners along Central-West Orana transmission route
Compulsory acquisition letters have been sent to landowners along the route of the Central-West Orana transmission link this week by the state’s Renewable Energy Zone planner, EnergyCo. It marks the beginning of the formal negotiation process for the transmission line, which has yet to be put on public exhibition.
Green hydrogen hopefuls granted exclusivity in NT development precinct
Australian green hydrogen proponent Fortescue Future Industries and French renewables major Total Eren are among five project developers provided with exclusivity over land in the Northern Territory government’s Middle Arm Sustainable Development Precinct on Darwin Harbour.
Key contracts awarded for 120 GWh pumped hydro project
The Queensland government has awarded two key contracts for what it says will be the largest pumped hydro energy project in the world, with the proposed 5 GW/120 GWh Pioneer-Burdekin pumped hydro energy storage system to form a cornerstone of the state’s energy transition.
New report calls Macquarie Group’s climate commitment into question
Macquarie Group’s commitment to the global transition to net zero emissions by 2050 has come under scrutiny with a new report uncovering billions of dollars in undisclosed exposure to oil and gas projects.
Australia and China strengthen hydrogen cooperation
China’s deputy head of the National Development and Reform Commission is reported to have recently met with Andrew Forrest, founder and executive chairman of Fortescue.
IRA poses ‘real risk’ for Australia in global green hydrogen race
With less than 60 days remaining until the next raft of clean energy incentives outlined in the United States’ Inflation Reduction Act take effect, former Reserve Bank of Australia deputy governor Guy Debelle has warned the legislation poses a “material threat” to Australia’s push to become a green hydrogen superpower.
Japanese gas giant to lead Darwin ‘clean’ hydrogen study
Japanese oil and gas giant Inpex has been jointly awarded a $1 million (USD 670,000) grant by the Australian government to conduct a feasibility study into the growth potential of a ‘clean’ hydrogen market in the Northern Territory.
