Federal Labor’s climate and energy spokesperson Chris Bowen has issued a blunt assessment of Australia’s ageing coal fired power stations, saying no matter which party forms government after the election, coal plants will continue to close. Speaking at an event hosted by The Australia Institute on Friday, Bowen said that he acknowledged the reality of […]
Neoen energy storage revenue surges amid new project commissioning – EQ Mag Pro
Neoen recorded a near three-fold increase in revenue from its energy storage segment in Q1 2022. The independent power producer (IPP) recorded total revenues of €109.1 million (US$115 million) in the opening quarter of this year, its battery storage revenue climbing to €14 million. Neoen said the rise in revenue was mainly attributable to the […]
“A future without petrol bills:” Labor promises Australia-wide EV charging network – EQ Mag Pro
Federal Labor has promised to ‘fill the gaps’ in Australia’s electric vehicle charging network, announcing a plan to fund new fast-chargers along some of Australia’s major highways. Addressing the official launch of the Labor election campaign in Perth, Labor leader Anthony Albanese said the expanded network would allow Australians to “drive an electric vehicle across […]
Danish giant reveals details of giga-scale renewable hydrogen plans in Murchison – EQ Mag Pro
Details have emerged of the Murchison Hydrogen Renewables project proposed for near Kalbarri in Western Australia, including more than 5 gigawatts of wind and solar, a big battery, a 3GW electrolyser and the production of roughly 2 million tonnes a year of green ammonia. The huge project, initially proposed by Hydrogen Renewables Australia in 2019, […]
Massive big battery and solar farm proposed for NSW coal country – EQ Mag Pro
Australian renewables developer Maoneng has unveiled new plans for a massive 400MW, four-hour battery, which the company hopes to build alongside a 550MW solar farm in the New South Wales Upper Hunter region, a centre for coal mining. Maoneng, which recently gained planning approval to build what could be South Australia’s biggest battery, says the […]
Igneo Infrastructure to buy Elliott Green Power Australia – EQ Mag Pro
Igneo Infrastructure Partners has bought an Australian solar business from US investment firm Elliot Management Corporation, for an undisclosed sum but believed to be about A$500m (€333m). Igneo’s Australian renewables arm Atmos Renewables has won a bid to buy Elliott Green Power Australia (EGP). EGP’s portfolio consists of the Childers, Susan River and Nevertire solar […]
Flaws of carbon offsets, it’s time to get real about climate change: Australia – EQ Mag Pro
Last month former carbon market watchdog Andrew MacIntosh blew the whistle on Australia’s carbon offset market. He described the scheme as a “rort” with up to 80% of carbon offsets “markedly low in integrity”. While these allegations reignited debate over carbon offsets, the issues are not new. Integrity issues have plagued carbon trading schemes and […]
Greens pledge billions in loans and grants to boost battery uptake and get off gas – EQ Mag Pro
The Australian Greens have announced a massive plan to incentivize the uptake of solar and battery systems through the supply of grants and loans, along with the previously announced promise to create a 100 per cent publicly owned non-profit electricity retailer. Greens Leader Adam Bandt said the party’s plan will include grants for householders and […]
IPA’s laughably hysterical and completely wrong net-zero “analysis” – EQ Mag Pro
The far right are at it again. Not content with energy minister’s Angus Taylor mysterious and quickly debunked “analysis” of Labor’s energy policy released earlier this week, the Institute of Public Affairs has followed it up with a doomsday document looking at the impact of net zero targets. The short summary of its “analysis” is […]
Australia will miss its weak 2030 emissions reduction targets, new data shows – EQ Mag Pro
Australia is not on track to meet its weak Paris Agreement commitments, with a lack of meaningful national climate policies resulting in emissions cuts that are too slow to achieve the Morrison government’s 2030 target, new analysis shows. New analysis from consultancy Ndevr Environmental says that if Australia’s emissions trajectory remains on current trends, Australia […]