Marubeni to double global renewables portfolio in shift from coal
Marubeni has revealed plans to halve its 3 GW global coal-fired power portfolio by 2030, and double its holdings of renewable energy within the next five years.
US: 25% tariffs on Chinese inverters to start on January 1
The final order from the U.S. Trade Representative includes an interim tariff rate of 10% set to start on September 24.
Renewable generation continues record-breaking streak, putting pressure on power prices – report
Renewable energy set a new record level in August with 25.6% of electricity supplied across the NEM, according to a new report by a progressive think-tank, The Australia Institute. This volume of new generation is likely to significantly increase competition in the wholesale market, thereby putting downward pressure on prices, the report finds.
juwi to develop PV hybrid project for University of Queensland
German-headquartered project developer juwi Renewable Energy has inked an agreement with the University of Queensland to deliver a solar+storage hybrid power solution at its research station located in the Great Barrier Reef.
Deloitte: The case for renewables has never been stronger
Renewable energy sources, notably solar and wind, are reaching price and performance parity on and off the grid, shows a new Deloitte Global report, highlighting seven trends that are driving this transformation.
Victorians invited to apply for rooftop solar rebates
Applications have officially opened for 50% rebates on rooftop solar installations under the Victorian government’s Solar Homes program, announced just weeks ago. The subsidies will be available until 30 June next year.
AEMO gets green light to set up distributed solar+storage register
Australia’s policy maker for the energy markets has approved the establishment a national register of small-scale distributed energy resources, which will give AEMO and distribution network businesses more data to help in planning and operating the power system as it transforms.
Victorian auction winners outline construction plans
The developers that emerged as winners in the Victorian government’s first renewable energy auction have confirmed receiving support agreements from the state to ensure revenue certainty for the projects. The companies have also outlined their construction plans, some of which even include batteries.
AGL closes residential solar installation business
AGL has announced it will no longer install solar panels on homes, a decision which has brought with it a $47 million loss.
Mining sector to rely increasingly on renewables, report finds
As mining companies become more aware of the rapidly falling costs of renewables, wind and solar are set become a growing trend in powering mining operations worldwide over the coming years, shows a new report from Fitch Solutions. On the back of carbon pricing schemes, countries and companies operating in the Americas are best positioned to lead the way in the adoption of renewables in mining.
