Policy

The Australian government has backed the Clean Energy Finance Corporation to lead the transformation of the nation’s energy grid infrastructure by signing off on a $20.5 billion (USD 13.94 billion) increase in investment capital for the federal government-owned ‘green bank.’

Australia’s federal government has released its anticipated Critical Minerals Strategy, and while the document decisively flags industry imperatives and challenges, the plan of action and policy solutions are far more hazy.

The insolvency of a major Australian solar recycler has highlighted the complexity of remodelling a linear-thinking industry and society into a circular one, reports pv magazine Australia’s Bella Peacock.

The Ross Garnaut-led Sunshot Industries will develop and deliver a renewable energy industrial precinct in central western Queensland which will be linked to large-scale wind and solar projects and provide manufacturing tenants with competitive low-carbon electricity.

Australian battery material start-up Sicona Battery Technologies will accelerate commercial development plans both here and in the United States after securing financial support from a group of international investing heavyweights for its silicon-composite anode technology designed to improve the performance of lithium-ion batteries.

As many as 60 renewable energy projects are expected to lodge environmental impact statements in New South Wales over the next 12 to 18 months. As the transition accelerates, the state’s new Energy Minister has told renewable proponents they must substantiate what’s in it for hosting communities.

Queensland’s government has allocated $19 billion (USD 12.9 billion) to deliver on its energy transition plan, with a heavy focus on public ownership of energy assets. Queensland’s flush financial position was enabled by recent change to increase coal royalties, which injected an extra $10.5 billion into the budget.

Australia is set to electrify everything. Vibrant communities willing to trial the transition are the first in line to learn what to do and how to bring everyone along, reports pv magazine Australia’s Natalie Filatoff.

Compulsory acquisition letters have been sent to landowners along the route of the Central-West Orana transmission link this week by the state’s Renewable Energy Zone planner, EnergyCo. It marks the beginning of the formal negotiation process for the transmission line, which has yet to be put on public exhibition.

With less than 60 days remaining until the next raft of clean energy incentives outlined in the United States’ Inflation Reduction Act take effect, former Reserve Bank of Australia deputy governor Guy Debelle has warned the legislation poses a “material threat” to Australia’s push to become a green hydrogen superpower.