Australia Renewable Energy

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

It would be completed by December 2029 at the latest.

Clean energy investments reached $4.2b.

The projects are planned to be developed in Hunter and Illawarra regions.

The project is led by SA Power Networks along with Retailers Simply Energy and AGL.

Application closes on 27 April 2023 at 5 pm Australian Eastern Standard Time.

However, more is needed to be done to achieve the RE target on the NEM.

The project construction will begin in 2024.

It is the last REZ under the government’s electricity roadmap to be declared.

Grants application will start on 6 March 2023 at 10 am AEDT.

This is the company’s first renewables investment. 

The MOU also include hydrogen trade policy, standards and certification schemes.

China is expected to exceed Australia in the medium to long term.

The market will follow Africa which is expected to see the highest investment growth.

The company has issued a notice to proceed with the project.

The 95MW hybrid station will supply power to the Kathleen Valley Lithium Project.