Australian lithium, critical minerals, with Chinese ties unlikely to cash in on US IRA subsidies
A number of Australian critical minerals, including lithium, miners and refiners will likely be ineligible for IRA subsidies after the US government published its draft rules forbidding access to enterprises with over a 25% stake held by Chinese companies or “cumulatively” by Chinese investors.
Australia backs global renewable energy boost
Australia is among more than 100 countries that have committed to triple the world’s renewable energy generation capacity within six years, signing a pledge on the sidelines of the United Nation’s COP28 climate summit being staged in the United Arab Emirates.
$220 million bailout so WA coal mine can continue to mid-2026
The Western Australian government has just allocated $220 million to support Griffin coal mine, so operations may continue until June 2026. The funding was announced by Premier Roger Cook and the Minister for Energy, Mines and Petroleum Bill Johnston, who earlier announced he is stepping down from cabinet last week.
Victorian EV owners to receive road-user charge refunds, including interest
The Victorian government will repay, with interest, electric vehicle owners who paid a road-user charge later deemed unconstitutional by Victoria’s High Court.
‘Worst’ year for investment in Australia’s large-scale segment, report finds
Investment in Australia’s renewable energy sector is more than 10 times lower than where it should be to reach 2030 targets, according to the Clean Energy Council calculations. Australia’s “sluggish” large-scale segment is the result of a confluence of issues, and illustrates the urgent need for the federal government’s newly supercharged Capacity Investment Scheme.
Renewables helping China to halve power prices compared to Australia, Europe
Wood Mackenzie says in a new report that China could install 230 GW of PV and wind capacity and export more than 200 GW of solar panels in 2023. Unlike Europe and United States, the country is avoiding the high curtailment of PV and wind.
Another WA town transitions to solar and batteries
Cue, a town in Western Australia’s midwest, has installed 259 kW of solar and a 336 kWh battery system to wean itself off diesel. The installation is part of Horizon Power’s Midwest Solar Program and belongs within a much larger state-wide transformation.
Sunshine Hydro signs 20% First Nations equity deal on flagship Queensland project
Sunshine Hydro and project partner Energy Estate have signed an agreement to give First Nations stakeholders a 20% equity option in the companies’ Djandori Gung-i Superhybrid project at Miriam Vale, Queensland. The project proposes to deliver up to 600 MW of pumped hydro capacity and up to 300 MW of hydrogen electrolysers.
With China PV modules reaching record low prices, is there a chance for local PV manufacturing elsewhere?
From the International Solar Energy Society’s perspective, and the vision of a world with 100% renewable energy for everyone used wisely and efficiently, PV module production should not become an oligopoly and should not be concentrated in one corner of the world.
Weather risk up, margins down: solutions to future-proofing big solar
Extreme weather is a growing risk to solar farms. Future-proofing through advanced technologies, leveraging data from novel sources, and by building both collaboration and acceptance of risk is vital, but rarely achieved today for a number of reasons. Insurers, lenders, developers, contractors and manufacturers come together here to discuss solutions to the intractable problem of weather risk.
