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Federal Government announces plans to unlock power of offshore wind
The Federal Government is taking the next steps in creating a new renewable energy industry, today announcing six proposed regions that have world-class offshore wind energy potential.
Powerlink completes construction of tallest ever transmission towers as part of Kaban Green Power Hub
Powerlink Chief Executive Paul Simshauser said Neoen’s 157MW Kaban Green Power Hub was currently being built as the cornerstone project of the state’s first Queensland Renewable Energy Zone (QREZ).
Origin lifts investment in Octopus Energy
Origin Energy will invest an additional $163 million (£94 million) in Octopus Energy Group Limited to maintain its 20% equity interest and support the United Kingdom-headquartered technology and energy company to continue its rapid expansion.
Electric car discount bill introduced to parliament
The Federal Government has introduced the Treasury Laws Amendment (Electric Car Discount) Bill 2022 into Parliament with Treasurer Jim Chalmers declaring the bill is “good for motorists, good for employers and their workers, and good for climate action”.
Herbert Smith Freehills advises lenders on the refinancing of one of Australia’s largest operating solar farms
Herbert Smith Freehills has advised a group of four refinancing banks – Bank of China Limited, Sydney Branch, Commonwealth Bank of Australia, Deutsche Bank AG, Sydney Branch and Westpac Banking Corporation – on the refinancing of the 333 MWdc/275 MWac Darlington Point Solar Farm.
CER investigation leads to electrical company conviction
A Canberra electrical retail company has been convicted and fined $9,000 for providing false or misleading documents in the Small-scale Renewable Energy Scheme (SRES) following a Clean Energy Regulator investigation.
Boost for solar funding fintech Smart Ease as Tim Reed joins
Fintech Smart Ease, which helps organisations fund solar panel and battery installation, has announced current Business Council of Australia President, Tim Reed, has joined as an investor and will Chair the company’s Advisory Board.
Woodside invests in carbon-to-products company
Woodside Energy has announced a US$9.9 million equity investment in String Bio, the developer of a patented process that can recycle greenhouse gases into value-added products such as feed for livestock.
Australian energy market challenges to remain
High international energy commodity prices, issues in domestic coal power generation and a lull in renewable power could see increased gas and electricity prices across Australia’s east coast remaining elevated, according to Commonwealth Bank of Australia economists.
Rinnai Australia unveils revolutionary renewable energy technologies
The Australian arm of Japanese manufacturer Rinnai has unveiled two new renewable product technologies designed to support Australia’s clean energy mix future.
