Strategic Alliances

The centralised nature of policymaking in Beijing would enable component standardisation to ease the transition from EV to stationary energy storage use, according to Greenpeace East Asia.

As Green Finance begins to be seen more and more as global best practice the energy transition can only accelerate. This week, two stories attest to the growing acceptance of green finance by major financial institutions – ANZ Bank has pledged to extricate itself from thermal coal by 2030 and pursue more sustainable policies and Mike Cannon-Brookes supported startup Brighte announces Australia’s first 100% green asset-backed securitisation, $190 million in debt financing for Australians looking to uptake solar and battery storage in their home.

The 460 MW Western Downs Green Power Hub is set to commence construction imminently, after Neoen achieved financial close on the project. The solar farm is set to be Australia’s largest, and indeed the largest in Neoen’s global portfolio, generating enough solar energy to power every home on the Sunshine Coast.

The island nation has agreed a deal with the World Bank’s International Finance Corporation to develop at least 15 MW of generation capacity in a US$15 million project.

This week will see the official launch of a global taskforce that aims to support worldwide uptake and integration of renewables and achieve at least 50% reduction in emissions over the coming decade.

The Australian Renewable Energy Agency is chipping in over $700,000 to help Frasers Property Australia build 51 energy efficient homes complete with a solar embedded network. The idea is to demonstrate to the wider housing sector that energy efficient homes can be built at scale and be cost-effective to the customer.

Ikea Adelaide is leading the way for the Swedish giant’s global aspirations towards 100% renewable energy through what is being touted as Australia’s largest grid-connected commercial microgrid. The two stage project boasts a range of unique features which could lay the foundations for a new sustainable energy model for Australia.

A 50/50 joint venture between Clough Group and Spanish infrastructure giant Elecnor has been selected as EPC for the 700km NSW section of the SA-NSW Interconnector, Project Energy Connect. The big jobs require the big guns, and it seems as though the big guns have been called in on this occasion, with Project Energy Connect deemed integral to the energy future of both states.

Powerlink Queensland has launched its ‘system strength as a service’ model in Far North Queensland through a deal with renewable energy giant Neoen’s 157 MW Kaban Green Power Hub. Powerlink Queensland’s model is to install a large synchronous condenser and then on-sell its system strength capacity to multiple renewable energy projects, a way to increase renewable energy integration into congested parts of the grid.

The CSIRO, Australia’s national science agency, has signed a 10-year PPA with Ross Garnaut’s Zen Energy. The deal will see solar energy from the Nurmurkah Solar Farm and the Nevertire Solar Farm halve the agency’s emissions.