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.
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.
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).
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.
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.
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.
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’s Court of Appeal has dismissed the government’s application to enforce regulation requiring licensed electrical workers to mount and fix unplugged solar panels.
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.
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