Australia’s Woodside Energy Group WDS.AX said on Monday it would invest $9.9 million in a greenhouse gases recycling firm and potentially use the Indian company’s technology to recycle methane in its facilities. Woodside said the technology of India’s String Bio could also be deployed at third-party sites. The investment is a part of Woodside’s goal […]
“Golden age of renewables” hailed at the official launch of Australia’s biggest wind project – EQ Mag Pro
Spanish energy giant Acciona Energía has hailed a “golden age of renewables” at the official launch event for the start of construction at Australia’s biggest wind farm to date – the 1.026GW MacIntyre project in Queensland. The start of construction of the $2 billion project was first announced by Acciona last month, as we reported […]
Australia’s electricity markets are on crack: It’s time to do something – EQ Mag Pro
Markets historically overshoot and anyone that tells you that “things can’t get any worse” just hasn’t been there. The sport at the moment is working out the losers. In equity markets it used to be called “confession season”. Today, we have seen Origin Energy confess. Origin is the first victim of not working hard enough […]
Households slugged as Australia’s coal addiction sends electricity prices soaring – EQ Mag Pro
Australian households are about to be slugged with a major increase in their energy costs – driven higher by surging coal prices – with the Australian Energy Regulator announcing a double-digit percentage increase in the benchmark electricity price for some states. The AER published its latest default market offer determination on Thursday, which finds higher […]
Australia’s biggest wind and solar hybrid signs supply deal for Woolworths – EQ Mag Pro
Australia’s newest, and biggest, wind and solar energy hybrid facility has signed a supply deal with Woolworths, taking the retailer to 100 per cent renewable electricity for its South Australian operations. The 320MW Port Augusta Renewable Energy Park, near the city of the same name, is owned by the local offshoot of Spanish energy giant […]
Australia’s first solar farms go into administration and will be sold – EQ Mag Pro
One of the first large scale solar farms built in Australia – the 13.3MW (ac) Mugga Lane Solar Park, has gone into voluntary administration and has been put up for sale. Scott Langdon and David Osborne of KordaMentha were appointed as voluntary administrators of Mugga Lane Solar Park last week, even though the facility has […]
Sungrow Signs Australia’s Largest Distribution Agreement of 2 GW with Solar Juice – EQ Mag Pro
Sungrow, the global leading inverter solutions supplier for renewables, signs 2 GW supply contract of PV inverters, storage system, batteries etc. with Solar Juice, one of its long-term distribution partners in Australia. The 2 GW capacity makes this contract the largest and the most comprehensive one that Australian solar market has ever seen. In Australia, […]
Australia’s biggest battery drives revenue boost for Neoen as solar shaded – EQ Mag Pro
The start of operations at Australia’s biggest battery – the 300MW/450MWh – has delivered a near three fold boost in storage revenue in the first quarter of 2022 for Neoen, and contributed to record quarterly sales for the company. The VBB began operating late last year – on schedule, despite a fire in one of […]
Change to the Emissions Reduction Fund jeopardizes Australia’s 35% emission reduction forecast – EQ Mag Pro
Many carbon credit companies and emitters can benefit, at taxpayer expense. A recent change to the Emissions Reduction Fund puts Australia’s 35% by 2030 emission reduction forecast, taken to Glasgow, at risk unless taxpayers fork out for additional carbon reduction or other ways are found to reduce emissions. Eligible carbon abatement projects in the Emissions […]
Australia’s AGL Energy spurns surprise $3.5 billion bid, suitor Brookfield digs in – EQ Mag Pro
Australia’s 2nd-richest man, Canada’s Brookfield bid collectively Offer at 4.7% premium to AGL’s final shut, however shares surge 13% Bidders plan to spend A$20 bln to exchange coal energy AGL reaffirms plan to interrupt into renewable, fossil gas corporations Analysts say takeover method may set off bid battle MELBOURNE: Australia’s prime energy producer AGL Energy […]