News

Over the weekend, Angus Taylor effectively handed over billions to carbon credit aggregation companies born of the increased price of Australia’s carbon credits – without any clear reasoning. This “weird” decision, as Bruce Mountain called it, stumped many but the Australia Institute told pv magazine Australia it’s just one of many moves the Morrison government has made to increase the supply of carbon credits and depress their price – a strategy which seems curiously misaligned with the scheme’s stated purpose of reducing emissions.

Fortescue Future Industries and Airbus have formed a partnership, saying they will work together to realise a green hydrogen-based aircraft by 2035.

The London-based analyst has published a series of clean tech predictions for the year which also highlighted the rising proportion of sub-5MW solar projects in the global market, and cheaper clean energy financing costs even as panel prices continue to rise.

A Spanish consortium is equipping one of Madrid’s largest metro and bus stations with a hybrid system that combines PV, geothermal pumps, and vanadium redox flow batteries to provide cooling and heating.

With Australia’s unstoppable clean energy transition picking up pace, the question of jobs and how to reskill fossil fuel workforces is again at centre stage. Over the weekend, the Victorian government announced an initiative to encourage women to enter the male-dominated industry, while the federal government announced it would begin delivering reports on energy sector jobs to avoid skills shortages.

Risen Energy has extended the product warranty on its Australian residential modules from 15 to 25 years. The news comes just weeks after SunPower Maxeon pushed the Australian market by increasing its new warranties to 40 years.

A joint fund with roughly $125 million from both the Australian and German governments has opened today and is seeking applications from projects across the value chain of renewable green hydrogen.

The Victorian government will fund a floating solar project, an initiative to locally manufacture solar batteries, and install a portable renewable energy system for community services during emergencies as part of its Latrobe Valley program.

A consortium led by Australian financial group Macquarie Asset Management will acquire French solar developer Reden Solar. The $3.7 billion (€2.5 billion) transaction is expected to be finalised in the third quarter of this year.

The US battery manufacturer Our Next Energy (ONE) has said it will use the funding led by BMW to accelerate its R&D and build a US manufacturing facility.