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Finance

SunDrive does deal with AGL in domestic solar panel push

Solar panel manufacturing in Australia has reached a new zenith with a commitment by two industry leaders to explore the possibilities of establishing a commercial-scale advanced solar panel manufacturing facility in the heart of New South Wales coal country.

Albanese announces $1 billion ‘pit to panel” solar manufacturing program

The Australian government will commit $1 billion to help build a domestic solar panel manufacturing industry that it anticipates will underpin the nation’s future as a renewable energy superpower.

Feds legislate standalone authority to support energy transition

The Australian government has introduced legislation to parliament to establish a new independent statutory authority that it expects will serve as a catalyst for the major project development, and private and public investment needed to support the clean energy transition.

Energy transition technology startups raise record funds

Three Australia-based alumni of climate tech startup accelerator EnergyLab raised a collective $124 million in 2023 for their renewables and energy transition concepts.

Zen Energy starts construction on South Australian big battery

Adelaide-headquartered renewable energy gen-tailer Zen Energy will build South Australia’s second-largest battery energy storage system in a move expected to boost the reliability of electricity supply as the state gallops towards its 100% renewable energy target.

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Singapore developer advances move into Australian market

Singapore-headquartered renewable energy infrastructure developer Metis Energy has reached financial completion and pressed go for construction to start on the 94 MW Gunsynd Solar Farm being developed in southwest Queensland.

Traditional owners-led giga-scale green hydrogen project lands federal backing

Plans to develop a $3 billion green hydrogen and ammonia project in the far north of Western Australia have been boosted with the federal government tipping in more than $1.6 million to support a feasibility study that will explore the potential of the giga-scale project.

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Investor group calls for policy support to deliver ‘critical’ battery storage

A new report published by the Clean Energy Investor Group calls for federal and state governments to financially back long-duration energy storage assets to ensure Australia’s clean energy transition 2030 targets are met.

bp increases stake in 26 GW Australian Renewable Energy Hub

Investment bank Macquarie Group has sold its share in the 26 GW Australian Renewable Energy Hub megaproject proposed for Western Australia’s Pilbara region to oil and gas giant bp.

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NT scheme sets pace for residential solar battery storage adoption

The Northern Territory has emerged as the national leader in solar battery adoption with more than 30% of homes and businesses with rooftop solar systems having now installed a battery.

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