Oceania

South Korean steel producer Posco Group will invest $60 billion (USD 40b) in Australia by 2040 across the green steel supply chain, including in renewable generation, electrolysis and steel making processes.

A poll of more than 2,000 Australians has found 78% agree the federal government should expand the national rooftop solar subsidy to include household battery storage. The concept has floated around for the last years, most notably in the form of a federal bill tabled by independent MP Helen Haines, but may have an uptick of support amid spiralling energy prices.


Squadron Energy, part of the Forrest’s family’s Tattarang Group, has acquired one of Australia’s biggest renewables players, CWP Renewables. The deal, reportedly worth more than $4 billion (USD 2.7b), came as something of a surprise with Squadron’s bid undetected beside highly publicised offers from Iberdrola, Tilt Renewables and Origin.

The Western Australian government has made a number of announcements at a hydrogen conference held in its capital on Tuesday, December 6, including a commitment to streamline project approvals, releasing new policy and guidance for Crown land use, and an update to the state target of having green hydrogen comprise 1% of the generation in the state’s main grid.

A free version of SunSPOT, a tool for tailored guidance on the ideal solar and battery set ups, has now been launched. Developed by APVI and UNSW, the online tool allows users to calculate size, cost and potential savings from household renewable systems and is the only such platform offering this information without a sales motive.

University of Queensland spin-off Pure Battery Technologies which has developed a greener, cheaper process for refining critical battery materials has received a $57.45 million (USD 38.5 million) loan from the European Investment Bank to build a demonstration plant in Hagen, west Germany.

PV Hardware has become a leading solar tracker manufacturer in Australia, a market renowned for its growth, opportunities and difficulty. Pv magazine spoke to Alejandro Cantos, director of PVH for the Asia-Pacific region.

The Australian government will commence talks with investors and industry this week on the formation of a $15 billion (USD 10.2 billion) national reconstruction fund that aims to boost investment in onshore manufacturing, including the production of solar panels, batteries and hydrogen electrolysers, and components for wind turbines.

On the back of the Covid-19 pandemic, geopolitical conflict and allegations of forced labour in sectors critical to the renewable energy transition, awareness of supply chain insecurity has rarely been higher. Seeking to strike while the iron is hot, the Clean Energy Council and law firm Norton Rose Fulbright have published a white paper arguing that Australia’s own renewable energy supply chains could “benefit significantly” by a more concerted effort to address modern slavery.

As part of net-zero targets, New South Wales transmission network owner Transgrid plans to eliminate 100% of emissions from its passenger and commercial fleets by 2030 and to accelerate that strategy will trial a next-generation electric vehicle charger developed by Spanish firm Wallbox Chargers.