Australia

The financial commitments during the period declined on the other hand.

It is poised to be a regional outperformer for renewables. 

The consortium also includes Mainstream Renewable Power, Reventus Power, and Direct Infrastructure. 

The fund will be used by Stanwell to support front-end engineering and design study.

This is to give renewable energy investors certainty in connecting to the grid.  

This comes as the market transitions away from gas. 

It can provide power to 240,000 homes.

The funding will also cut the cost of green hydrogen production.

It would be completed by December 2029 at the latest.

The coal plant will be converted into a renewable energy hub.

The first stage involves 460MW of capacity with a two-hour dispatch duration.

The amount will be split equally between the hydrogen and steel rounds.

Clean energy investments reached $4.2b.

Applications for up to $13.5m funding are now open.

IEEFA urged the state and federal governments to step in to help reduce the rise in electricity bills.

Rooftop solar systems provided 14% of Australia’s electricity needs during the summer.