Markets & Policy

Transitioning from fossil fuels to renewable energy technologies including solar PV and green hydrogen by 2050 could save the world at least $18 trillion (US$12 trillion), according to a peer-reviewed study published by researchers from Britain’s Oxford University and Australia’s Monash University.

Indian renewable energy developer Serentica Renewables plans to install and commission 1.5 GW of solar and wind capacity in 24 months to serve energy-intensive industries in the Asian nation.

The New South Wales government has moved to fast track the development of the 700 MW/1400 MWh Waratah Super Battery as it looks to shore up a reliable energy supply ahead of the impending closure of the country’s biggest coal generator.

American investment behemoth BlackRock has agreed to acquire New Zealand rooftop solar PV and battery energy storage specialist SolarZero as part of its push into renewable energy in the Asia Pacific region.

The Australian arm of French renewable energy developer Neoen has lodged an application to build a 1000 MW /4000 MWh big battery in Western Australia as the state government looks to ramp up energy storage capacity to support its planned transition from coal-fired power to renewables.

A 3 GW solar installation will be built in the Tengger Desert, in northern China. It will require an investment of around $3.18 billion (CNY 15.25 billion).

Australian battery minerals company Liontown Resources will install what is shaping to be the nation’s largest off-grid renewable energy hybrid power station at its $545 million Kathleen Valley Lithium Project in Western Australia, allowing the mine to be powered by 100% on-site renewables during periods of high wind and solar resource.

The New South Wales government’s plans to develop a renewable energy zone in the state’s central west is one step closer to fruition following the release of the scoping report for the transmission infrastructure required to connect at least 3 GW of new renewable energy generation capacity to the grid.

German investment management company Aquila Capital has expanded its Antipodean asset base, inking a deal to buy a 220 MW/440 MWh portfolio of battery energy storage projects in South Australia from Spanish renewables developed Gransolar Group.

Transmission network operator Transgrid is counting on technology developed in the United States to increase the capacity for the bidirectional flow of energy between Australia’s most populous states with works on the Victoria to New South Wales Interconnector upgrade project nearing completion.