Markets & Policy

After a decade of under-delivering on its potential, there are changes afoot in Southeast Asia’s renewable energy development, says Assaad W. Razzouk, the CEO of Singapore-based developer Gurin Energy. Razzouk points to success stories in the region and notes that political will and clear regulations for developers are needed.

Brisbane-based Line Hydrogen is seeking $2 million in crowdfunding investment from Australians who want to contribute to the green energy revolution at the ground level by getting its Tasmanian and Queensland green hydrogen projects off the ground.

Just days after declaring a climate emergency, the South Australian government has axed a renewable energy policy that was designed to help more homeowners access residential battery energy storage systems.

Prefabricated solar array manufacturer 5B has completed a $30 million Series B capital raise with their existing shareholders to help fund continued development of the company’s flagship modular Maverick solar array and accelerate the progress of the company’s pipeline of multi megawatt projects.

With industry figures warning Australia is on the “precipice” of an energy crisis, federal, state and territory ministers will meet next week to discuss the situation with skyrocketing gas, petrol and electricity prices being described as a “perfect storm”.

Western Australia’s City of Stirling has fast tracked its investment in an estimated $6 million solar PV program in a bid to maximise potential savings and reach its goal of sourcing 100% of the city’s electricity needs from renewables by 2030.

Australian redox-flow battery specialist Redflow has upped the ante on its plans to expand into the United States market, announcing it has completed testing that will pave the way for its battery energy storage system to be used in conjunction with hybrid inverters manufactured by United States solar engineering company Sol-Ark.

With some of the highest rooftop solar PV penetration in Australia the outback town of Alice Springs will soon play host to the Northern Territory’s first resident Virtual Power Plant with the project partners exploring how best to bolster the reliability of the local grid and pave the way for the increased penetration of renewable energy.

New South Wales transmission network owner Transgrid has commenced construction on its section of the $2.3 billion Project EnergyConnect, the high-voltage electricity transmission interconnector that will link power grids across three states, unlocking gigawatts of planned renewable energy projects.

Newly elected Prime Minster Anthony Albanese has announced Chris Bowen as the new Minister for Climate Change and Energy. Entering office with a climate crisis, surging energy prices and an electricity grid in transition, Bowen has his hands full.