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Aussie Govt Funds First Nations Green Hydrogen Project
Australian government is providing AUD 1.7 million in grant funding to support a feasibility study for an 850-MW green hydrogen project in the Kimberley region of
Mar 20, 2024 // Solar to Fuel, Australia, Oceania, green hydrogen
Origin Energy Advances 700-MWh Battery Project in NSW
solutions that could serve as a model for future energy storage systems across Australia and internationally.
Investment in Energy Infrastructure: The substantial
Nov 21, 2024 // Storage, Origin Energy, nsw
Australia's ARENA shifts concentrate to 'next-generation innovations' with AU$ 1.6 bn funding package
Australia's federal government has dedicated AU$ 1.62 billion (US$ 1.36 billion) towards the company as part of a AU$ 1.9 billion plan on behalf of reduced exhaust technologies over the following decade.
The increased funding will be an essential pillar of the low discharges modern technology statement (LETS) that was announced by energy priest Angus Taylor last month and also consists of an AU$ 18 billion spend by 2030 in five locations: hydrogen, power storage space, reduced discharges steel as well as aluminium, soil carbon, as well as carbon capture and storage.
" The federal government recognises the strong development in arising energy innovations that will contribute in Australia's energy mix into the future. We need to get the balance right and also our financial investment to re-energise ARENA will certainly provide that," Taylor said.
Doubters of the statement raised concerns that the government missed out on a possibility to prioritise solar and wind production, while others cautioned the focus on hydrogen might favour nonrenewable fuel sources as opposed to sustainable production.
" While wind and solar are currently confirmed innovations as well as attracting substantial financier assistance, they are likewise the modern technologies that can have the best effect in decarbonising Australia's power system and also economic climate," Kane Thornton, Clean Energy Council president, said previously. "It is therefore shocking as well as frustrating that the roadmap fails to address the variety of barriers to their accelerated deployment."
ARENA's new financing consists of AU$ 1.43 billion over ten years in addition to AU$ 193 million in grants for targeted programs. The firm, which was founded in 2012 and also is accountable for supplying financial help for the study as well as implementation of renewable resources, has actually sustained 543 projects in areas such as large-scale solar, grid-scale batteries, pumped hydro as well as distributed power.
While expanding ARENA's required will call for legislative modification, its CEO Darren Miller said there are a number of emerging and also making it possible for innovations outlined in the LETS where ARENA can hit the ground running.
" Technology and innovation are important to the energy shift and also to Australia's efforts to minimize emissions and also develop new financial opportunities," Miller stated. "ARENA has actually played a key duty in reducing the cost and increasing the supply of renewable resource for the past eight years. We eagerly anticipate continuing this important work with the future generation of energy innovations."
The prepare for ARENA were reiterated in Australia's government budget that was launched today and included a AU$ 70.2 million spend over 5 years on a hydrogen export center, AU$ 50 million on carbon capture projects along with AU$ 52.8 million designated to accelerating gas projects.
CEO of the Australian Conservation Foundation, Kelly O'Shanassy, invited the continuous ARENA funding however stated the gas industry and also mining firms were clear champions from this year's spending plan.
Oct 9, 2020 // Markets & Finance News, Storage, Australia, hydrogen, Oceania, ARENA, Kane Thornton, Angus Taylor, enegy storage, Kelly O’Shanassy
Iberdrola and also Danone signed PPA for 590 MW solar park in Spain
in markets consisting of Spain, the United Kingdom, the USA, Mexico as well as Australia. The company has actually launched a significant investment programme
Jan 22, 2021 // Plants, Large-Scale, Commercial, Markets & Finance News, Spain, PPA, Iberdrola, Europe, Danone
Mytilineos' renewables unit takes monetary hit from project hold-ups in 2020
such as Greece, Spain, the UK, Chile, Mexico, South Korea, Taiwan as well as Australia.
While the impacts of the pandemic were highly really felt in the renewables
Feb 5, 2021 // Plants, Markets & Finance News, Greece, Europe, covid-19, Mytilineos, sfi con london, epc contractor
Jinko is assured American authorities will decline Hanwha accusation
lawsuit.
In the middle of March, Hanwha started another patent suit in
Nov 14, 2019 // Manufacturing News, USA, Germany, Australia, Europe, Oceania, LONGi, North America, Jinko, Hanwha Q-Cells, REC, patent, Hanwha
Australian photovoltaic integrated glass gets UL certification
a few windows with integrated solar cells at a shopping mall in Western Australia.
ClearVue announces its PV insulating glass unit has been UL-certified. The
Nov 29, 2019 // BIPV, Australia, Oceania, ClearVue
NSW seeks renewables, energy storage rate of interest for most recent Renewable Energy Zone
online form below. Submissions are open up until 24 November 2021.
REZs in Australia, and specifically in NSW, have actually confirmed extremely preferred with
Nov 1, 2021 // Plants, Large-Scale, Commercial, Markets & Finance News, Storage, Policy, Australia, Oceania, new south wales, rez, grids, renewable energy zone
Elgin Energy targets 5GW of solar plus storage by 2025 adhering to ₤ 25m fundraise
a portfolio of over 4GW of projects in late-stage growth throughout the UK, Australia as well as Ireland.
Jack O'Keeffe, supervisor of Focus Capital Partners,
Nov 26, 2021 // Plants, Markets & Finance News, Storage, UK, Europe, Elgin Energy, Ronan Kilduff, Jack O’Keeffe
Canadian Solar backs UK storage space tech clothing
system's global rollout and its well established existence in the UK and Australia.
Canadian Solar is supplies complete energy storage battery systems as well
May 13, 2021 // Storage, Canadian Solar, UK, Europe, Shawn Qu, Habitat Energy
J-Power takes 10% stake in Australian renewables developer Genex
generation and pumped hydro projects power storage projects with Genex across Australia, where the latter is headquartered.
The company just recently revealed it is
May 19, 2021 // Markets & Finance News, Australia, Oceania, acquisitions, pumped hydro, Genex, J-Power, large scale solar, wind and solar
Photon Energy eyes five-fold EBITDA development by 2024
of solar parks in operation in the Czech Republic, Slovakia, Hungary and also Australia, along with 300 MWp of power plants it manages under O&M
Jun 10, 2021 // Plants, Large-Scale, Commercial, Markets & Finance News, photon energy, EBITDA
Photon compensations 1.3-MWp merchant solar farm in Hungary
Photon commissioned two merchant solar farms for an overall of 14.6 MWp in Australia.
Going forward, Photon's procedures unit in Hungary will certainly offer
Dec 10, 2021 // Plants, Large-Scale, Commercial, Hungary, Europe, photon energy, solar farm
SUSI Partners purchases 50% risk in Australian residential solar-storage supplier
2019 to sustain the rollout of household solar-plus-storage systems in Western Australia.
The possibility for VPP's including solar as well as storage space to
Dec 13, 2021 // Residential, Markets & Finance News, Australia, Oceania, VPP, virtual power plant, acquisition, SUSI Partners, Starling Energy Group
EnergyAustralia to take 180MWh of battery storage right into the NEM for Edify Energy
Edify is currently servicing the three-system portfolio in New South Wales, Australia, which completes 150MW/300MWh of BESS to be attached to a substation at
Apr 13, 2022 // Storage, TESLA, Australia, NEM, Oceania, new south wales, Optimisation, national electricity market, EnergyAustralia, arbitrage, fcas, trading