On behalf of the Australian Government, the Australian Renewable Energy Agency (ARENA) has announced it has approved $65 million in funding to Vast Solar to construct VS1, a first-of-a-kind 30 MW / 288 MWh concentrated solar power (CSP) plant in Port Augusta, South Australia. ARENA’s funding for VS1 is conditional upon the project reaching financial […]
Australia’s Recharge to buy failed EV battery startup Britishvolt – EQ Mag
Australia’s Recharge Industries was on Monday selected as the preferred bidder to buy Britishvolt, the collapsed UK startup which had struggled to fund a major electric vehicle battery factory in northern England. The deal, which comes just three weeks after Britishvolt fell into administration, could help revive Britain’s ambitions of building a home-grown EV battery […]
New cars charging into Australia’s electric vehicle market in 2023 – EQ Mag
From high-end luxury sedans, to modest hatchbacks – we take a look at 10 of the new models set for release in 2023 Australia can’t brag about having the world’s most developed or diverse electric vehicle market, but that may be about to change in 2023 with a range of new battery-electric cars expected for […]
US law will crush Australia’s hydrogen superpower dreams – EQ Mag
The clean energy incentives in US President Joe Biden’s Inflation Reduction Act will be “devastating” for Australia’s global hydrogen superpower ambitions, warns a major renewable energy investor. Quinbrook Infrastructure Partners Australia reckons the nation should instead concentrate on becoming a green energy miner as the US turns to “friend-shoring” – favouring allies in its supply […]
Australia’s biggest states have set stunning renewable plans. Now we need a national strategy – EQ Mag Pro
The planned capital spend from the NSW, Victorian and Queensland electricity coal replacement plans is about $110 billion of utility-scale wind, solar and storage out to 2035. If you add in rooftop solar and the Australian Energy Market Operator’s Integrated System Plan’s (ISP) modelled distributed storage, then that total leaps out to $180 billion. If […]
Australian tech billionaire to chair $20 billion solar power export project – EQ Mag Pro
SYDNEY : Australian software mogul Mike Cannon-Brookes was named chairman on Friday of clean energy start-up Sun Cable, which is seeking to secure funds for a proposed A$30 billion-plus ($19.3 billion-plus) solar power export project. Singapore-based Sun Cable plans to supply solar power from Australia to Singapore and eventually Indonesia through the world’s longest subsea […]
World’s biggest hydrogen plant could power Australia’s first fully decarbonised ammonia facility in Brisbane – EQ Mag Pro
Australia’s first large scale project to decarbonise an existing ammonia plant using renewable hydrogen is set to get underway, with the Australian Renewable Energy Agency (ARENA) supporting a front-end engineering and design (FEED) study at Brisbane’s Gibson Island. On behalf of the Australian Government, ARENA has today announced $13.7 million in funding to Fortescue Future […]
Australia’s huge new nickel mine will host the world’s biggest renewable micro-grid – EQ Mag Pro
The massive $1.7 billion West Musgrave nickel and copper project – given the green light by Australian mining company Oz Minerals late last week – will be a groundbreaking project for the sheer scale and influence of the renewable energy resources it proposes to harness. Oz Minerals aims to reach 100 per cent renewable power […]
Australia’s first large scale hydrogen plant to be built in Pilbara – EQ Mag Pro
One of the world’s largest renewable hydrogen plants is due to be built in the Pilbara, after the Australian Renewable Energy Agency (ARENA) conditionally approved $47.5 million towards ENGIE’s renewable hydrogen and ammonia project near Karratha in Western Australia. The $87 million Yuri project includes a 10 megawatt (MW) electrolyser to produce renewable hydrogen, 18 […]
Ten years on, Australia’s green bank still has $4.6 billion to spend on clean energy – EQ Mag Pro
A decade after it was created through a landmark deal under the Gillard Labor government, Australia’s green bank, the Clean Energy Finance Corporation, has emerged largely unsullied by partisan politics and still has nearly $5 billion to spend on clean energy and other technologies. The CEFC stands unique among the suite of policies and institutions […]