Australia
Australia’s fifth largest bank invests big in oil and gas despite net zero ambitions
A report found the Macquarie Group invested some $5b in high-growth oil and gas production.Â
AGL to convert Loy Yang to renewable energy hub
It will be used as a facility for solar panel materials recovery.
Eight new RE projects start construction in Q1
The financial commitments during the period declined on the other hand.
Australia is amongst fastest market to move away from coal: report
It is poised to be a regional outperformer for renewables.Â
AGL, global firms partner in bid to develop offshore wind in Australia
The consortium also includes Mainstream Renewable Power, Reventus Power, and Direct Infrastructure.Â
ARENA grants $20m fund for large-scale renewable hydrogen project
The fund will be used by Stanwell to support front-end engineering and design study.
New rules for grid connection needed in Australia: Clean Energy Council
This is to give renewable energy investors certainty in connecting to the grid. Â
Australia’s gas usage to drop to 34% by 2030
This comes as the market transitions away from gas.Â
New NSW 150MW/300MWh battery system completes construction
It can provide power to 240,000 homes.
Australia allocates $1.4b for hydrogen development
The funding will also cut the cost of green hydrogen production.
Snowy Hydro project completion delayed by up to 2 years
It would be completed by December 2029 at the latest.
AGL’s Liddell Power Station shuts down after 52 years
The coal plant will be converted into a renewable energy hub.
Origin Energy invests A$600m in large-scale Eraring battery construction
The first stage involves 460MW of capacity with a two-hour dispatch duration.
Australia allocates $33.6m for hydrogen, steel R&D
The amount will be split equally between the hydrogen and steel rounds.
Australia’s large-scale new RE construction hits record high in 2022
Clean energy investments reached $4.2b.
Australia allocates $81.2m for community batteries
Applications for up to $13.5m funding are now open.
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1. Malaysia launches platform for RE cross-border sale to Singapore 2. ASEAN could save $800b in decarbonisation costs with regional cooperation 3. JERA and ReNew to collaborate on green ammonia production project 4. Chinese IPPs’ debts to grow 9.3% for clean energy investments 5. Australia launches largest renewable energy tenderAwards
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