Oceania

Macquarie Capital, Moelis and MA Financial Group have been appointed as joint financial advisers to the world’s largest solar farm, battery and undersea electricity cable project, the $30 billion plus Australia-Asia PowerLink Sun Cable project in the Northern Territory.

Global efforts to build energy and transport systems based on lower-emission sources are expected to drive Australia’s mining and energy export revenues to record highs of more than $400 billion for a second consecutive year.

Western Australian renewables company Provaris Energy has lodged a referral submission to the Northern Territory Environment Protection Authority for its proposed 2.8 GW green hydrogen export project being developed on the Tiwi Islands off Australia’s north coast.

The Victorian government has published its Gas Substitution Roadmap detailing regulatory and policy reform designed to help Australia’s biggest gas-consuming state fast-track its transition towards a renewable energy future and navigate the path to net-zero emissions.

With the spike in global energy prices sparking increased interest in renewable technologies, the Royal Automobile Association of South Australia has expanded its solar PV and battery energy storage offerings through the acquisition of Adelaide-based installer Living Energy and Lovell Electrical.

The Victorian government has opened a new round of funding for a $20 million initiative designed to support projects that create long-term sustainable jobs, increase the uptake of renewable energy generation and drive innovation in new energy technologies.

A research group led by Chinese manufacturer JinkoSolar has developed a tandem perovskite-silicon cell with a subcell based on TOPCon tech. The group succeeded in reducing voltage losses in the silicon sub-cell by minimising the shunting probability during device fabrication.

In May, Australia voted out its conservative government, which had held power for almost a decade. Instead, it turned to Labor, female independents, and minor parties with far greater climate ambitions. In short, it shifted to an entirely different approach to politics.

The recent challenges for the east coast energy market have put a significant spotlight on energy security, reliability, and affordability in Australia.

Queensland government-owned energy generator Stanwell has revealed plans to a build a massive 1.45 GW/2.9 GWh battery storage system alongside the coal-fired Stanwell Power Station in central Queensland as the state government looks to ramp up energy storage capacity to support the transition to renewables.