This month’s final thought comes from Violette Mouchaileh, EGM, emerging markets and services with Australian Energy Market Operator (AEMO).
One of Australia’s tourist hot spots could soon be home to a major solar farm with the Gold Coast City Council giving a 33 MW project the green light.
Australia is increasingly at risk of becoming “internationally isolated” with Prime Minister Scott Morrison declaring his government will not be dictated to by other countries on energy and climate policies.
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.
A report by Finnish company Wärtsilä has estimated the potential impact if every dollar committed to a non-renewables energy sector recovery was instead funnelled to clean power.
South Korean-based manufacturer Q Cells has launched its first “made for Australia” solar module and in a show of confidence, the Q-Maxx-G2 comes complete with an extended 15-year product warranty.
The 2020 Prime Minister’s Prizes for Science took place virtually this year, but that won’t quash the recognition of Xiaojing Hao, UNSW’s solar pioneer who took home (or rather, received at home) the prize for Physical Scientist of the Year. Hao’s work in thin-film photovoltaics is leading the world in fashioning new and sustainable applications for solar PV.
Re-elected South Korean president Moon Jae-in today declared he will follow-up on a campaign trail promise to eliminate carbon emissions by mid century. The announcement comes just two days after Japan’s new prime minister said he would accelerate his nation’s emissions target.
For Komo Energy founders Jonathan Prendergast and Gerald Arends, today has been equal parts terrifying and exciting. This morning, the solar development startup launched their crowd equity offering.
Industrial and academic partners are developing a battery inverter which can be grid connected under normal operation but can also use nearby renewables generators to form an island grid, for whole-area uninterrupted power supply.
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