News

Electric vehicles (EVs) are expanding at a fast pace in several of the world’s largest markets. This is being driven by governments and automakers who are promoting electricity powered vehicles as a key technology to curb fossil fuel use, fight climate change and air pollution, but rapid EV uptake is also creating challenges for the grid.

The Clean Energy Finance Corporation has awarded the Australian arm of Malaysia-headquartered property developer Mulpha an $80 million (USD 53.95 million) loan to help deliver the first stage of an energy-efficient apartment development in Sydney’s Hills district which is to be powered by 100% renewable energy.

PV manufacturing capacity is projected to more than double by 2024, led by China, but oversupply is also anticipated, according to the International Energy Agency (IEA).

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.

Australian green hydrogen proponent Fortescue Future Industries and French renewables major Total Eren are among five project developers provided with exclusivity over land in the Northern Territory government’s Middle Arm Sustainable Development Precinct on Darwin Harbour.

The Queensland government has awarded two key contracts for what it says will be the largest pumped hydro energy project in the world, with the proposed 5 GW/120 GWh Pioneer-Burdekin pumped hydro energy storage system to form a cornerstone of the state’s energy transition.

ASX-listed nanotechnology company Nanoveu will look to expand into the United States market with the establishment of a demonstration site for its anti-soiling coating for solar glass following trial deployments in the Philippines and Malaysia.

Macquarie Group’s commitment to the global transition to net zero emissions by 2050 has come under scrutiny with a new report uncovering billions of dollars in undisclosed exposure to oil and gas projects.

China’s deputy head of the National Development and Reform Commission is reported to have recently met with Andrew Forrest, founder and executive chairman of Fortescue.