The energy transition has been named a priority area for investment, specificially with Melbourne-based developer Tilt Renewables, in a new investment mandate in Australia’s sovereign Future Fund.
A new player has entered the Australian renewable energy sector with New Zealand-based infrastructure investor Infratil confirming that its new majority-owned clean energy platform Mint Renewables will look at wind, solar and energy storage opportunities with an initial investment of $300 million (USD 203 million).
Powering Australian Renewables Fund, a partnership between AGL Energy and QIC, has formally taken control of Tilt Renewables on the same day the consortium called on the Australian federal government to set a net zero 2050 target.
Australia’s energy transition from traditional generation to renewable resources is quickening and global energy technology provider Fluence has highlighted that asset operators are turning to automated bidding solutions as they seek to navigate an increasingly complex market.
More than half of the Victoria’s local councils will soon be powered by renewable energy after they signed up to the largest emissions reduction project yet undertaken by local government in Australia.
With all eyes still on the world’s largest lithium-ion battery at the Hornsdale wind farm, South Australia now readies to raise the game with its first big battery built in conjunction with a solar farm.
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