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News and analysis for the clean energy economy
Updated: 1 hour 27 min ago

Saudi wealth fund buys stake in offshore wind developer with eyes on Australia

Thu, 2022-12-15 06:48

offshore wind wikimedia commonsSaudi Arabia’s Public Investment Fund acquires nearly 10% stake in company with 30GW offshore wind pipeline, including three projects in Australian waters.

The post Saudi wealth fund buys stake in offshore wind developer with eyes on Australia appeared first on RenewEconomy.

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“No regard” to market outcomes: Regulator savages generator behaviour

Thu, 2022-12-15 06:22

Coal mining at an open pit clive palmer waratah coal galilee basin-3 - optimisedRegulator says generators withheld capacity and deliberately acted to inflate prices. The actions may not have been illegal, but they showed "no regard" to market outcomes.

The post “No regard” to market outcomes: Regulator savages generator behaviour appeared first on RenewEconomy.

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Australian low cost solar innovator 5B lands major funding deal with oil giant BP

Thu, 2022-12-15 05:00

sun cable 5b solar northern territory optimised5B, the Australian company specialising in low cost solar and rapid deployment, lands major funding deal with oil giant bp, and hopes to build its first big solar farm soon.

The post Australian low cost solar innovator 5B lands major funding deal with oil giant BP appeared first on RenewEconomy.

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Car giant Stellantis signs deal for 400MW of new solar in Michigan

Thu, 2022-12-15 00:48

The auto giant behind car brands including Jeep, Dodge, and Alfa Romeo, says the corporate PPA will take it to the equivalent of 100 per cent renewables in Michigan by 2026.

The post Car giant Stellantis signs deal for 400MW of new solar in Michigan appeared first on RenewEconomy.

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Smart solar retailer Amber buys energy monitoring app Powerpal

Wed, 2022-12-14 14:36

Independent energy retailer Amber acquires Australia’s number one rated energy monitoring app, Powerpal, in a deal worth $9.5 million.

The post Smart solar retailer Amber buys energy monitoring app Powerpal appeared first on RenewEconomy.

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“Epic stuff:” Renewables reach 84 pct share of world’s biggest isolated grid

Wed, 2022-12-14 14:25

WA grid hits new record of 84 per cent renewables share on Monday, mostly from rooftop solar.

The post “Epic stuff:” Renewables reach 84 pct share of world’s biggest isolated grid appeared first on RenewEconomy.

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Greens support gas price cap with deal to help people get off gas

Wed, 2022-12-14 14:10

Labor strikes deal to develop "significant" home electrification package with Greens in return for support for its move to cap coal and gas prices.

The post Greens support gas price cap with deal to help people get off gas appeared first on RenewEconomy.

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Fossil Australia at risk of “domino effect” as EU moves ahead on carbon border tax

Wed, 2022-12-14 12:47

As Europe edges closer to implementing a carbon border adjustment mechanism, the risk to Australia of being edged out of some major export markets becomes more real.

The post Fossil Australia at risk of “domino effect” as EU moves ahead on carbon border tax appeared first on RenewEconomy.

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Adani’s Carmichael coal mine is not alleviating energy poverty in Asia, it’s making it worse

Wed, 2022-12-14 11:23

adani carmichaelCarmichael coal was supposed to alleviate energy poverty in south Asia, but instead Bangladesh will be paying twice as much as forecast.

The post Adani’s Carmichael coal mine is not alleviating energy poverty in Asia, it’s making it worse appeared first on RenewEconomy.

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Contract for “world’s most powerful battery” blacked out, and the regulator is not happy

Wed, 2022-12-14 11:16

The contract for the giant Waratah super battery, described as the biggest in the world of its type, will remain secret for now, and the regulator is not happy.

The post Contract for “world’s most powerful battery” blacked out, and the regulator is not happy appeared first on RenewEconomy.

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Here comes the sun tax: The export tariffs proposed for households with rooftop PV

Wed, 2022-12-14 08:28

NSW network draft plans for solar export tariffs could become models for other NEM jurisdictions if they're approved. Here's what they want to do.

The post Here comes the sun tax: The export tariffs proposed for households with rooftop PV appeared first on RenewEconomy.

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NSW prepares for faster coal closures, and supply chain bottlenecks for renewables

Tue, 2022-12-13 14:01

NSW EnergyCo says the state is planning for a possible faster closure of coal fired generators, and supply chain issues that may hinder new infrastructure.

The post NSW prepares for faster coal closures, and supply chain bottlenecks for renewables appeared first on RenewEconomy.

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FFI steps up plan to turn old coal mine into green hydrogen plant

Tue, 2022-12-13 13:53

centralia coal plant washingtonFortescue Future Industries teams with Puget Sound Energy to convert shuttered US coal mine into a green hydrogen-making plant.

The post FFI steps up plan to turn old coal mine into green hydrogen plant appeared first on RenewEconomy.

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Fossil fuel hysterics make coal and gas price caps look like a really good idea

Tue, 2022-12-13 13:34

Many wind and solar farms share windfall profits, so why can't the fossil fuel industry? The more it bleats about blackouts, the more price caps look like a good idea.

The post Fossil fuel hysterics make coal and gas price caps look like a really good idea appeared first on RenewEconomy.

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RES edges ahead with plans for huge wind, solar and battery storage hub in Victoria

Tue, 2022-12-13 13:09

Vestas wind turbines and RES dulacca wind farm qldUK-based renewables giant updates progress on plans to develop major wind, solar and battery storage facility in western Victoria.

The post RES edges ahead with plans for huge wind, solar and battery storage hub in Victoria appeared first on RenewEconomy.

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Australian researchers making sound waves to produce cheaper green hydrogen

Tue, 2022-12-13 12:06

Australian researchers say high frequency vibrations used to “divide and conquer” individual water molecules during electrolysis can boost production of green hydrogen 14-fold.

The post Australian researchers making sound waves to produce cheaper green hydrogen appeared first on RenewEconomy.

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Brookfield-backed metering firm buys assets of “smart pool” retailer sunk by energy crisis

Tue, 2022-12-13 11:57

https://www.pexels.com/photo/swimming-pool-surrounded-with-wooden-deck-4177666/One of the casualties of Australia’s energy market crisis, a retailer focusing on smart management of backyard swimming pools, has been bought.

The post Brookfield-backed metering firm buys assets of “smart pool” retailer sunk by energy crisis appeared first on RenewEconomy.

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US scientists claim fusion “breakthrough”, but it’s still early days

Tue, 2022-12-13 10:31

Work, conducted at Lawrence Livermore National Laboratory and featured in Nature Physics, shows that ions behave differently in fusion reactions than previously expected. Image by John Jett and Jake Long/LLNLUS government scientists say they’ve vaulted a critical nuclear power threshold, achieving a net energy gain in a fusion reaction for the first time.

The post US scientists claim fusion “breakthrough”, but it’s still early days appeared first on RenewEconomy.

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Explainer: How do floating wind turbines work?

Tue, 2022-12-13 09:33

California has awarded it first floating wind farm leases. Why and when do we need floating wind farms – and how do they work?

The post Explainer: How do floating wind turbines work? appeared first on RenewEconomy.

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Germany sets renewable power record in 2022, but is off-track for 2030 target

Tue, 2022-12-13 08:15

Renewables will have produced 46 pct of German power consumption in 2022, a big rise from 2021 but off track for its ambitious 2030 targets.

The post Germany sets renewable power record in 2022, but is off-track for 2030 target appeared first on RenewEconomy.

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