Report: Australia shapes as green energy “superpower”
Australia is positioned to become a renewable energy “superpower” with multinational consultancy Ernst & Young (EY) suggesting the nation’s green hydrogen and solar energy export plans have it well placed to take advantage of a growing market.
New WoodMac report forecasts renewables cheaper than coal by 2030 across Asia-Pacific
A new Wood Mackenzie report has forecasted a massive swing in the levelised cost of electricity across the Asia-Pacific over the course o the next decade. Before 2030, renewables will be cheaper than new coal and gas almost everywhere, and significantly cheaper in Australia.
In the heart of NSW coal country, Lithgow turns to rooftop solar and Tesla battery storage
Lithgow City Council is smack-bang in the thick of NSW coal country, its surrounds are littered by coal-fired power stations (most of them closed). However, the immunity of solar and energy storage to the power outages brought on by emergencies like bushfires, as well as the Council’s own community goals, means times are a changing.
Spanish newcomer E22’s 5 MW Li-ion battery to provide network services in West Gippsland
Spanish energy storage company E22 has set to work on its first project in Australia, a 5MW/7.5 MW Li-ion battery in Longwarry, VIC that is set to provide AusNet with much needed network services during the heights of summer congestion.
Spanish tracker giant STI Norland expands to Australia with a keenness to compete
Spanish tracker giant STI Norland has expanded to Australia with a new subsidiary office in Melbourne. The company is arriving on our shores with a keenness to compete with tracker suppliers who already have their foot in the door. With no solar farm too big or too small, STI Norland Australia CEO Alan Atchison sat down with pv magazine Australia to talk about how the company plans to make tracks Down Under.
Rooftop solar capacity may double over 4 years, says regulator
Rooftop solar and investment in large scale renewable energy continues to power, largely unperturbed by the Covid-19 pandemic, according to the Clean Energy Regulator’s latest Carbon Markets Report.
Japanese owner of WA’s Bluewaters coal plant reports worst ever loss in face of energy transition
The Sumitomo Corporation has reported a stunning ¥26bn (US$251m) loss on its Western Australian Bluewaters coal fired power investment. The loss assures the company’s worst ever annual performance and comes as a result of international and financial pressure against coal funding.
Vast array of global banks revealed as green financiers of 460 MW Western Downs Green Power Hub
Neoen announced last month that it had completed the financing of its 460 MW Western Downs Green Power Hub, but today it has been revealed that said green finance came about through a wide reaching international effort, including seven global banks, a salutary sign that green finance is accelerating as fossil fuel divestment continues.
Clean energy ‘clear winner’ of Victorian state budget with $1.6bn in funding
The Clean Energy Council have called renewable energy the “clear winner” of the Victorian Budget 2020/21, saying the $1.6 billion in allocated in targeted funding represents a landmark for the state.
‘Renewable energy superhighway’ linking Victoria to NSW kick started by bilateral funding agreement
Work on a new electricity transmission line linking Victoria and New South Wales is going ahead under a joint funding agreement between Victoria’s state government and the federal coalition.
