Markets & Policy

Copenhagen Infrastructure Partners has acquired a majority stake in Elgin Energy that will help the Ireland-headquartered solar developer to transition into an independent power producer and grow its pipeline of projects in new and existing markets, including Australia.

Tesla’s global electric vehicle sales are plummeting, but its energy storage business is surging, with more than 4 GWh deployed in the first quarter of 2024 alone.

The Malaysian government has kicked off a 2 GW solar tender featuring four packages of rooftop, ground-mount, and floating solar, with permitted generation capacities ranging from 1 MW to 500 MW.

Malaysian engineering and infrastructure company Gamuda has announced it will shift its focus in Australia to the clean energy and renewables infrastructure market, laying out plans to build a 1 to 2 GW portfolio of solar and wind projects in the next five years.

Australian miner Graphinex’s ambition to establish an integrated graphite mining and battery anode manufacturing business in Queensland has attracted the support of Japanese oil and gas giant Idemitsu Kosan.

Former federal energy minister Greg Combet has indicated the May Budget will unleash big bucks for the next stage of Australia’s renewable energy transition, underwriting the nation’s charge to become a global wind, solar and green hydrogen superpower.

Bluetti has unveiled a new weatherproof portable power station featuring a lithium iron phosphate battery with a power capacity of 1,536 Wh and a 2,400 W rated output.

Solcast, a DNV company, reports that Victoria, Tasmania, Western Australia, and New South Wales were over-performing solar regions in March. This overperformance in the southeast and southwest came despite most of the Australian continent seeing below-average irradiance, due to thicker-than-usual clouds over the sparsely-populated interior and tropics.

The central Australian town of Alice Springs is on track to achieve 50% renewable power generation by 2030 but a new report says urgent investment and action is needed to integrate the increasing amounts of renewable energy, including solar PV and battery energy storage, into its isolated grid.

Beijing Energy International’s push into the Australian renewable energy market continues at pace with the China-based company striking a deal to acquire energy retailer TPC.