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.
AGL continues large-scale storage surge with 200 MW Loy Yang project
AGL’s ambitious 850 MW target of new large-scale battery storage in its portfolio by FY 2024 is seeming less like an opportunity and more like an inevitability with each passing week. Following on from last week’s announcement of a 250 MW, four-hour-duration battery at its Torrens Island Power Station in South Australia, AGL has this week announced a 200 MW battery project at Victoria’s Loy Yang A power station.
What’s NUW in energy? An alliance of three NSW universities concentrates clean-energy expertise
Recognising that the major problems facing the world can’t be solved by any one organisation, three New South Wales universities at the peak of renewable-energy research have rewritten the rules of collaboration to influence policymakers and accelerate solutions to market.
How to throw EV uptake into reverse!
Some Australian states are choosing this moment to ensure that electric vehicle drivers are paying their fair share of funds needed to maintain road infrastructure — given that they don’t contribute via fuel excise. The moves are expected to throw a spanner in the works of drivers deciding in favour of zero-emissions motoring.
Morrison to feel the heat as U.S. turns to clean energy future
The election of Joe Biden as U.S. president is set to heap further pressure on Australian Prime Minister Scott Morrison to lay out a clear and firm strategy charting the nation’s transition to a clean energy future.
UNSW to lead Australian-German green hydrogen trade feasibility consortium
The University of New South Wales will lead a consortium of Australian and German researchers and industrial partners in a feasibility study to tease out and provide solutions for the obstacles for the trade of green hydrogen from Australia to Germany.
Tritium launches scalable EV charging solution
Brisbane-based global EV charging powerhouse Tritium has unveiled a scalable solution which will give peace of mind to network operators and governments the world over. The solution, launched in tandem with the next-gen RTM75 DC Fast Charger, knocks down one of the few remaining obstacles to large scale EV charger uptake.
