Oceania

Sydney-based domestic hydrogen electrolyzer and storage system manufacturer Lavo has revealed it has signed a memorandum of understanding (MoU) to establish Australia’s first hydrogen fuel cell production line in Springfield City, Queensland.

The Australian Energy Regulator says that investments in renewables and rooftop solar uptake are driving the ongoing decline in electricity prices.

Western Australia-based gold and nickel explorer Province Resources has announced plans to develop a 1 GW wind and solar PV green hydrogen production facility.

Full-year revenues nudged up despite tough comparisons with the end of 2019 for the final quarter of last year. The inverter maker expects to log revenues of $385-405 million in the current three-month window.

The Ranger Uranium Mine ceased production in Australia’s Kakadu National Park in January, following years of financial losses. Now, as part of a multimillion dollar rejuvenation of the park, there are plans to develop a solar and battery storage hybrid project near the town of Jabiru.

There is normally a spike in average wholesale electricity prices in Australia in January. This year, however, increased solar PV and wind generation have bucked this traditional trend.

Bank of China, Commonwealth Bank of Australia, and Westpac have provided debt financing to bring the first 400 MW stage of the New England Solar Farm to financial close.

Western Australia’s opposition leader has proposed a new energy policy ahead of the state’s upcoming March 13 election, with plans to phase out coal and deploy solar, wind, and hydrogen.

The University of New South Wales and several other universities in Australia are embarking on a feasibility study into how New South Wales can utilize excess renewable energy to make fuel, chemicals, and feedstocks for the industry. The aim is to develop a plan for how fuels and chemicals such as green hydrogen and ammonia produced from renewables can decarbonize the industry.

Macquarie-owned Green Investment Group’s Renewable Energy Fund 2 has far exceeded its own expectations by raising over €1.6 billion in investment commitments for large scale solar and wind projects all over the world.