Markets & Policy

The Australian arm of Philippines-based energy company AC Energy has secured a $100 million loan facility which will be used to accelerate the development of clean energy projects in Australia with the company seeking to grow its renewables capacity to 20 GW by 2030.

In a study that began in 2016, scientists in the United States purchased 834 PV modules, representing seven manufacturers and 13 module types, and installed them in various climate conditions to observe their performance over time. The results show that, while plenty of opportunities still exist to extend module lifetimes and reduce performance loss in the field, reductions in the manufacturing cost of PV have not come with an increase in their degradation rate.

Thailand’s Ratch Group has boosted its renewable energy ambitions in Australia and south-east Asia with the purchase of Singapore-based renewable energy company Nexif Energy’s pipeline of nearly 2.7 GW of wind, solar and storage assets in a deal valued at more than $870 million ($US605 million).

Investments in renewables are hitting new highs in China, as recurrent Covid-19 outbreaks and a crisis-stricken housing market threaten the world’s second-biggest economy, according to BloombergNEF.

Hygenco will build, own and operate a multi-megawatt green hydrogen facility for the long-term supply to Jindal Stainless Ltd, one of the largest stainless-steel conglomerates globally.

With headlines dominated by spiking electricity prices and energy security, the demand for off grid solutions in Australia is booming. “It’s starting to make financial sense, that’s significant,” Matt Miller, the marketing manager for Victorian company Commodore tells pv magazine Australia.

After turning down the initial bid last month, Australian developer Genex Power this morning confirmed it will progress with a revised acquisition offer from a consortium of private equity firms led by Skip Capital, belonging to Australian technology billionaire and Atlassian cofounder Scott Farquhar.

As community opposition to overhead transmission line grows, the Victoria-based Energy Grid Alliance has released a report imploring the energy industry to better understand why the phenomenon is gaining momentum – positing the ‘talk to them early and pay them more’ approach will only further decay the situation. Instead, the group says real attention needs to be paid to social license and ensuring environmental and socioeconomic impacts of chosen transmission corridors are considered from the get-go.

ROTH Capital Partners reports 3 GW have been seized under enforcement of the Uyghur Forced Labor Prevention Act.

A study into exporting green hydrogen from the 8 GW HyEnergy hydrogen Project in Western Australia’s Gascoyne region without an onshore port has found it to be both commercially and technically feasible.