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Markets & Policy

Carnegie secures more funding for Spain wave energy project

Australian wave energy developer Carnegie Clean Energy has secured more than $545,000 in funding to push forward its plans to deliver and operate a 400 kW version of its ‘CETO’ wave power generation system in waters off the coast of Spain.

Rooftop solar install rates roll on with 3 GW added in 2024

Australia’s rooftop solar uptake continued to surge in 2024 with a new report revealing more than 300,000 PV systems with a combined capacity of almost 3 GW were bolted on to the roofs of homes and businesses across the nation last year.

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AGA signs ABB up to 3 GW green ammonia project in NT

Allied Green Ammonia has struck a deal with Swiss-Swedish electrical equipment producer ABB it says will accelerate the development of its green hydrogen-to-ammonia production facility proposed for the Northern Territory.

Rooftop solar could supply two-thirds of global power, study finds

Researchers have found that widespread deployment of rooftop solar could cover the vast majority of the world’s electricity consumption, while lowering global temperatures by up to 0.13 degrees Celsius.

Philippines issues terms for renewables auction with storage

Pairing solar plants with battery energy storage systems will be the main strategic focus for the Philippines’ upcoming renewable energy auction. Each project must have a minimum storage duration of four hours to ensure sufficient grid support and energy reliability.

Household batteries charge ahead, with VoltX recording a 500% uptake spike

VoltX Energy has reported seeing a record 500% spike in demand for solar battery storage in the past 12 months, expanding from New South Wales into Queensland and the South Australian markets, to keep up with demand.

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Rystad forecasts 17% shortfall from 82% renewables target

Rystad Energy research has forecast Australia’s 82% renewable energy by 2030 target, will fall short by 17% under what they describe as the most optimistic scenarios, with gas being a key to energy security and transition.

BloombergNEF expects up to 700 GW of new solar in 2025

BloombergNEF says global solar installations could reach 700 GW in 2025, with additions rising to 753 GW in 2026 and 780 GW in 2027.

Yindjibarndi Energy projects join national renewables priority list

West Australian Indigenous-owned and operated Yindjibarndi Energy Corporation has had two of its projects prioritised for regulatory approval on the federal government’s national renewable energy priority list.

Ark Energy inks deal with Hanwha to supply Richmond Valley BESS technology

Ark Energy, the Australian subsidiary of Korea Zinc Company, has signed a supply agreement with Hanwha Energy for the battery energy storage system at Ark’s proposed Richmond Valley hybrid solar battery project in New South Wales.

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