Strategic Alliances

Japanese industrial heavyweight Sumitomo Corporation has declared a green hydrogen pilot plant to be built at resources giant Rio Tinto’s Yarwun alumina refinery near Gladstone in Queensland has the potential to shape the future of the heavy industry sector in Australia.

Three groups of companies remain in the race to serve as network operator for Australia’s first coordinated renewable energy zone with the New South Wales government revealing its shortlist of candidates.

Queensland government-owned utility CS Energy has signed a deal with ASX-listed gas company Senex Energy to develop the Kogan Renewable Hydrogen Demonstration Plant, which is set to produce 50 tonnes of green hydrogen annually from behind-the-meter solar PV energy.

Developers are moving fast to meet Singapore’s clean energy needs by establishing overseas solar-plus-storage plants, with a strong focus on facilities in neighbouring Indonesia.

In a big week for solar in the land of the long white cloud, Lightsource bp has announced a 50/50 partnership with New Zealand’s Contact Energy to pursue a large-scale solar portfolio in the country, generation which Contact Energy will purchase through a power purchase agreement.

Australia’s Macquarie is leading a consortium that has reportedly tabled a €2.5 billion ($3.65 billion) bid for a clean energy business formed by French private equity houses InfraVia and Eurazeo.

A partnership between Quantum Power Asia and Berlin-based ib vogt is proposing a 3.5 GW solar and storage facility in Riau, Indonesia, an archipelago of islands south of Singapore. The AUD$6.7 billion potential project aims to export the generated solar to the Singaporean city-state by 2032, meeting 8% of its electricity needs.

West Australian company Vulcan Energy Resources, backed by mining magnate Gina Rinehart, has signed a geothermal heat energy offtake agreement with a major German energy supplier, MVV Energie. Vulcan is planning to eventually secure a lithium supply from the same deep brine source in the Upper Rhine Valley, Germany.

Australia’s most powerful energy industry participants have actively resisted the move to a low-carbon economy. Now, the country known as a sandbox for technology has become a sandbox for a new model for decarbonisation – one which has seen billionaires and giant fund managers sidestep politics to use the free market in strategic and potentially disruptive ways. pv magazine Australia’s Bella Peacock reports.

French renewable developer Neoen has signed a seven year agreement with energy giant AGL to provide 70 MW / 140 MWh of ‘virtual battery capacity’ in New South Wales.