Australia

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.

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.

As Australia’s home battery market begins to catch up to its install residential solar capacity the opportunity for large-scale virtual power plants is verging on reality. Indeed, Solar Service Group’s new Solar + Battery Members’ Plan could see Australia host the world’s largest virtual power plant next year.

BHP Nickel West has extended its PPA with Southern Cross Energy to 2038 as the mining giant looks to integrate renewable energy into its processes toward the goal of meeting its emissions reductions goals and producing ‘sustainable nickel’, a necessary requirement for potential client Tesla. The extended deal begins at Nickel West’s Leinster and Mount Keith operations with the development of an 18.5 MW solar farm and battery storage system.

Stable pricing, stable product performance, and rapid after-sales service: These are the pillars on which Chinese PV manufacturing giant Longi’s rapid growth in the Australian market are built – says Stephen Zhang, the MD of Longi Australia. And as the company moves towards another year of doubling its shipments to Australia, its local presence and team remains a vital part of its strategy.

Over 50 stand-alone power systems (SPS) units installed by Western Power are now operating in regional properties across Western Australia (WA). The landmark off-grid program is the largest single such deployment by a network business in the country.

The 460 MW Western Downs Green Power Hub is set to commence construction imminently, after Neoen achieved financial close on the project. The solar farm is set to be Australia’s largest, and indeed the largest in Neoen’s global portfolio, generating enough solar energy to power every home on the Sunshine Coast.