Australia

ARENA opens funding round for German-Australian hydrogen initiative

Australia and Germany committed  $36.6m (A$50m) and $55.2m (EU50m), respectively.

Why are Australia’s coal plants exiting at a faster pace?

Coal plants’ profitability is declining with the entry of low-cost renewable energy.

Gas demand in Eastern Australia could drop by 60% in 2050

Demand has been declining due to the clean energy transition.

Infinite Energy to halt sale of rooftop solar systems in Australia

The company cited the pandemic’s impact on its rooftop solar and battery systems business.

Coal-fired generation share in Australia’s electricity to fall to 47% in 2024: IEA

This is due to capacity retirements and increase in renewables.

ARENA announces $28.8m R&D funding for ultra-low-cost solar

Funding round applications will open in February. 

Australia to benefit from Indonesia’s coal export ban: Fitch Solutions

The country is the second largest coal exporter after Indonesia. 

5GW of Australia’s coal capacity will close sooner than expected

This will bring down Australia’s coal capacity to 14GW by 2030, the IEEFA reported.

Rooftop solar may cover 77% of Australia’s grid demand by 2026

There will be an additional of 8.9GW on top of 14GW existing capacity of solar.

Australia regulations redirect clean energy funds to CCS, fossil H2

The country’s clean energy market experts lament the new regulations.

Australia’s no. 2 pension fund to abandon thermal coal financing

It plans to invest A$1b in renewables and low carbon energy.

New AEMO head sets ambitious goal of 100% renewable for Australian grid

Newly appointed Daniel Westerman wants the grid to handle 100% renewable energy by 2025.

AGL shuts down gas power unit in South Australia

Renewables continued lowering of power prices makes it harder for fossil fuels to compete.