Markets & Policy

ANZ has extended its collaboration with the Clean Energy Finance Corporation, committing to facilitating a further $100 million of finance to help Australian businesses cut energy costs and reduce carbon emissions. Under the scheme, the bank is offering financial discounts for upgrades and new investments in solar PV, energy storage, EVs and other technologies.

The Australian arm of global mining manufacturer Molycop will be partly powered by wind and solar with the help of a long-term offtake deal inked with electricity retailer Flow Power. Under the new partnership, the manufacturer will have access to the ARENA Demand Response program.

The conclusion of AEMO’s 2019 planning and forecasting consultation brings revised approaches to the 2019-20 Integrated System Plan: three new renewable energy zones reflect resource and generator interest; the forecasting of distributed energy resources has been reframed; and a fifth and critical planning scenario has emerged. 

NASA satellite data illustrates that Australian governments are sanctioning pollution from coal-fired power stations that stains Australia with some of the world’s biggest hotspots for toxic emissions. The health burden, calculated in the tens of billions of dollars, should make the cost of coal unacceptable.

In a major battle over land use, the Victorian Civil and Administrative Tribunal has decided to refuse a planning permit for the 200 MW Bookaar Solar Farm, near Camperdown.

Labor MPs together with three crossbench MPs have voted down an inquiry in the Upper House on how the Victorian government’s Solar Homes program was put together and is being implemented. The push for an inquiry was promised to the solar industry by Opposition leader Michael O’Brien at a protest held in late July.

The energy storage market is set to be the latest affected by Trump’s trade war, and lithium-ion batteries were not included in a group of Chinese imports where tariffs will be delayed until December 15.

Power purchase agreements for 8.6 GW of clean energy have been signed in 2019 till July—up from 7.2 GW at the same time last year—with USA alone accounting for up to 70% of the deals. India continues to lead the Asia Pacific region despite registering a slowdown in the activity – almost almost twice as much as the volume recorded in Australia.

AC Renewables, the energy arm of Philippines’ Ayala Corp, and Australia’s UPC Renewables have agreed to buy 51% in a 250 MW pumped hydro project and a neighboring 300 MW solar project, both located in South Australia.

The Brisbane-based energy storage manufacturer has raised $4.75 million in Series A funding from the Queensland Government Business Development Fund and Australian institutional and family investors.