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Work starts on north Queensland pumped hydro project
Work has officially begun on a major new energy project backed by a Northern Australia Infrastructure Facility (NAIF) loan which will help to secure energy supply across north Queensland and support more than 500 jobs during construction and 30 ongoing jobs.
Discover Energy and ACE EV Group to trial vehicle-to-grid smart energy trading solution
Leading smart energy retailer Discover Energy has announced a strategic partnership with Australian Clean Energy Electric Vehicles Group (ACE EV Group) to trial Australia’s first commercially ready vehicle-to-grid (V2G) smart energy trading solution.
Fluence commissions ‘first wave’ of 470 MW grid-scale battery portfolio for SMC Global Power in the Philippines
Fluence, a leading provider of energy storage technology, services and software, announced this week that it has completed commissioning of two 20 MW/20 MWh battery-based energy storage systems in the Philippines for San Miguel Corporation Global Power Holdings Corp. (SMCGPH).
HG Metal partners with LYS Energy Group to build and operate a rooftop grid-tied solar system
HG Metal Manufacturing Ltd (“the Group”), a leading steel distributor and fabricator based in Singapore, has entered into a Power Purchase Agreement (“PPA”) with LYS Energy Group (“LYS”), to build and operate a rooftop grid-tied solar photovoltaic (PV) system at the Group’s premises located at 28 Jalan Buroh.
Inaugural chair of Clean Energy Investment Roundtable appointed
The important voice of clean energy investors has been elevated with today’s announcement that Geoff Dutaillis, chief executive officer of Powering Australian Renewables, has been appointed as the inaugural chair of the Clean Energy Council’s Clean Energy Investment Roundtable.
Federal government $412 million of new investment in carbon capture projects
The Morrison Government is backing six new carbon capture projects to accelerate the development of the technology in Australia, boosting its role in reducing emissions and supporting new economic opportunities and job creation.
New Energy Solar sells its two Australian solar farms
New Energy Solar (ASX: NEW) has entered into binding agreements to sell its two Australian solar farms, Beryl and Manildra, to Banpu Energy Australia Pty Ltd (Banpu Energy).
• NEW expects to receive equity proceeds of A$105.4m before transaction costs from the Sale.
• The proportion of the Sale price attributed to the Beryl plant is above the net asset value (NAV) as at 31 December 2020 while the proportion attributed to the Manildra plant is below NAV – reflecting the impact of transmission constraints that have recently impacted that site.
• Transaction close is expected to occur within two months, and NEW anticipates net Sale proceeds will be used to repay debt and buyback NEW securities.
Fimer opens its ‘virtual doors’ and launches two new platforms for utility segment
Fimer, a global leader in the production of photovoltaic inverters and charging solutions for electric mobility, opens the company’s ‘virtual’ doors to the world for the first time. The company is inviting customers and partners from over 100 countries to participate in a truly innovative 360 ° Virtual Tour on June 22.
ACT becomes highest level of government in the world to back fossil fuel non-proliferation treaty
An Australian Capital Territory (ACT) Greens motion has passed the Legislative Assembly, endorsing the push for a Fossil Fuel Non Proliferation Treaty, making the ACT the highest level jurisdiction in the world to do so.
NSW Productivity Commission slammed for recommending nuclear power while ignoring offshore wind
The NSW Productivity Commission is under fire for recommending the NSW Government lift the state’s ban on nuclear power while ignoring proven, lower-cost renewable energy sources such as offshore wind.
