Australian airports turn to emissions-linked financing amid growing appetite for sustainable lending
As sustainability-linked debt financing continues to gather momentum, Australian airports are turning to innovative funding mechanisms. In the latest such deal, the operator of Gold Coast Airport will be incentivised to reduce carbon emissions under a loan agreement with Commonwealth Bank and Westpac.
Connection issues continue to hamper large scale solar PV projects
The 60 MW Kennedy Energy Parkhas been deprioritised by its developer Windlab due to “uncertainty around connection solution.” The move comes despite the fact the hybrid solar, wind and storage facility known as “Big Kennedy” was completed last December.
Genex’s Kidston pumped hydro project lands $610 million federal loan
Australia’s first large-scale project to use pumped hydro to store solar generated power, the Kidston facility in north Queensland, has landed a $610 million loan from the Federal Government’s the Northern Australia Infrastructure Facility (NAIF).
Queensland government opens funding for new hydrogen projects
Applications are now open for the Queensland government’s $15 million Hydrogen Industry Development Fund, which will support sustainable and renewable hydrogen projects across the state.
Council approval for 81 MW Atherton Solar Farm in Far North Queensland
Far North Queensland is looking set for another large-scale solar farm as the Tablelands Regional Council approved the development of a 81 MW solar PV facility near the town of Tolga in the Atherton Tablelands.
Risen Energy’s Yarranlea Solar Farm nearing completion
Chinese PV module maker Risen Energy has announced that it is advancing rapidly towards the completion of its 121 MW Yarranlea Solar Farm in Queensland, with construction scheduled to conclude as early as October 2019.
Queensland government to convene urgent solar industry roundtable
After a Court of Appeal dismissed the government’s application to enforce regulation requiring licensed electrical workers to mount and fix unplugged solar panels, the Queensland government has called for an urgent industry roundtable to discuss safety in large-scale solar farms.
Queensland government loses appeal, contentious solar installation regulation remains invaild
Queensland’s Court of Appeal has dismissed the government’s application to enforce regulation requiring licensed electrical workers to mount and fix unplugged solar panels.
BHP, Mitsubishi Development pledge to reduce emissions from coal operations
Australian mining giant BHP and its strategic partner Mitsubishi Development, the holding company of Mitsubishi’s coal investments in Australia, have pledged to pursue emissions reductions, including from the life-cycle use of marketed products.
Greek EPC acquires 260 MW Aussie solar portfolio
Metka Egn has announced the acquisition of six projects located in New South Wales and Queensland.
