News

The world’s biggest solar PV and storage project has suffered a setback after a Singapore electricity retailer which had lined up to be a foundation customer for the renewable energy generated by Australia’s $26 billion Sun Cable project announced it will cease operations amid a record-breaking spike in electricity prices.

Fortescue Future Industries has revealed it will partner with North American hydrogen technology company Plug Power to build the world’s largest green energy infrastructure and equipment-manufacturing facility in Central Queensland.

Australian Prime Minister Scott Morrison has confirmed he will travel to Scotland for the United Nations COP26 international climate conference later this month, signalling an about-turn after he had previously indicated he might not attend the talks.

We are just through the first two weeks of 5-minute settlement. While there has been much anticipation regarding the implementation and the potential for drastic swings in prices, we felt it was an excellent time to take a quick look at the pricing outcomes to see if any immediate trends are emerging.

Supermarket giant Coles will be 100% powered by renewable energy in less than four years’ time after the company announced the last of the power purchase agreements needed to meet the ambitious target were signed this week.

Octopus Energy and RES have announced a new partnership under which they plan to invest GBP 3 billion (AU$5.5 billion) in the construction of green hydrogen plants throughout the United Kingdom by 2030.

The French energy group has invested an undisclosed sum in Vietnam’s SkyX Energy. The goal is to install 200 MWp of C&I PV rooftop capacity in the country.

Prime Minister Scott Morrison appears to be moving towards securing Coalition agreement for a net-zero emissions by 2050. It comes weeks out from the crucial COP26 climate talks in Glasgow, where Australia’s record on global climate action will be heavily scrutinised.

With Prime Minister Scott Morrison under increasing pressure to back a 2050 net-zero carbon emissions target before the United Nations’ COP26 climate conference in Glasgow at the end of the month, a new report indicates the federal government can capitalise on state and territory efforts to keep the global 1.5°C goal in play.

Mining giant BHP is poised to finalise a “bespoke” renewable energy agreement with the Australian arm of Spanish energy group Iberdrola for the 317 MW Port August Renewable Energy Park in South Australia to supply up to 50% of the miner’s electricity needs for its Olympic Dam mining operation.