Tag: australia

Australian and Japanese companies study the potential of deep-sea carbon capture

Australian and Japanese companies study the potential of deep-sea carbon capture

December 11, 2020 |

Australian and Japanese companies are exploring the potential of capturing carbon dioxide from industries in Asia and storing it off the coast of Australia, on the ocean floor. Australian company, Transborders Energy Pty is leading the ‘deepC store project’ along with its partners which include Tokyo Gas Co. and Kyushu Electric Power Co. The team is exploring the possibility of shipping emissions across the Asia-Pacific region using a floating hub to inject the material under the seabed.

Read More
How Australia’s vast resources could make it a green energy superpower

How Australia’s vast resources could make it a green energy superpower

December 6, 2020 |

For Australia’s renewable energy sector, there is a renewed sense of optimism. Last year, Australia was deploying new renewables 10 times faster per capita than the global average, and four times faster per capita than in Europe, China, Japan or the US. Another sign of Australia’s ambition to lead the renewables revolution is the more than 10GW of roof-mounted solar PV deployed, by far the largest per capita rooftop-PV deployment in the world.

Read More
No country can come near 100% renewables without hydropower: International Hydropower Association’s Roger Gill

No country can come near 100% renewables without hydropower: International Hydropower Association’s Roger Gill

November 19, 2020 |

The world has about 160 GW of pumped storage installed capacity at the moment – storing at least 9,000 GWh of electricity. Indeed over 94 per cent of the world’s entire energy storage is pumped hydro. We need to double this capacity: that’s another 160 GW. But if the market structures are ill defined, investors won’t fund these projects.

Read More
Australia’s New South Wales aims for $23.3 billion of private investments in renewables space

Australia’s New South Wales aims for $23.3 billion of private investments in renewables space

November 11, 2020 |

The state of New South Wales in Australia announced its plans to shift from coal-base power to renewables in the next decade. For this it aims to mobilise $23.3 billion of private investment into the renewables sector. The state authorities plan to attract private participation by improving the approval process, reducing bureaucratic hurdles and ensure timely clearances.

Read More
Macquarie fund buys 622 MW Romanian renewables portfolio

Macquarie fund buys 622 MW Romanian renewables portfolio

October 26, 2020 |

Macquarie Infrastructure and Real Assets (MIRA) has decided to acquire a portfolio of Romanian power assets from energy conglomerate, CEZ Group. The portfolio comprises a renewable energy platform with 622 MW of primarily onshore wind farms, as well as an 86,665 kms of regulated electricity distribution network and an electricity and gas supply business with 1.4 million residential and industrial connections in the South West of Romania.

Read More
Western Australia’s 26-GW green hydrogen project edges forward

Western Australia’s 26-GW green hydrogen project edges forward

October 23, 2020 |

Australia has given Major Project Status to the Asian Renewable Energy Hub, which it said will include “the world’s largest wind and solar electricity plant,” producing green hydrogen and ammonia. It has granted environmental approval for the first 15 GW stage of the renewable energy hub focused on green hydrogen production that could eventually reach 26 GW of solar and wind generation. This 15 GW capacity includes 5 GW of solar generation and 10 GW of wind.

Read More
Danish fund eyes Asia in €4 billion green energy push

Danish fund eyes Asia in €4 billion green energy push

October 2, 2020 |

The project will see CIP adopting investments across a range of climate-conscious technologies, such as: contracted offshore wind, onshore wind, solar PV, transmission, storage, and waste-to-energy in low-risk Organisation for Economic Co-operation and Development (OECD) countries in the Northern Hemisphere, as well as developed countries in Asia and Australia.

Read More
Western Australia invites proposals for a 1.5 GW wind and solar hydrogen hub

Western Australia invites proposals for a 1.5 GW wind and solar hydrogen hub

September 23, 2020 |

The government of Western Australia has issued a call for expressions of interest to develop a massive 1.5 GW renewable energy hydrogen hub in the Oakajee Strategic Industrial Area. The aim of the project is to produce renewable hydrogen for Australian domestic use as well as export. The last date for submission of proposals is December 24, 2020.

Read More
Energy giant AGL unveils plans for a mega storage project in Australia

Energy giant AGL unveils plans for a mega storage project in Australia

August 17, 2020 |

AGL has announced that it has lodged a scoping report with the New South Wales Department of Planning, Industry and Environment (DPIE) for a grid-scale battery system at its Liddell Power Station site. The Liddell Battery project is part of the company’s target to develop 850 MW multi-site integrated battery systems by FY24.

Read More