Renewable Investment Surpasses Records
Record $623 billion invested in renewables in 2023, but $1 trillion/year needed to meet COP28 target. Falling solar and battery costs drive transition pace.
Solar Category of Renew Economic
Record $623 billion invested in renewables in 2023, but $1 trillion/year needed to meet COP28 target. Falling solar and battery costs drive transition pace.
New microwave technology reduces perovskite cell fabrication time from 30 minutes to just 30 seconds, promising faster and more efficient production with energy savings.
Advance Queensland awards $480,000 to develop fast-charging graphite batteries and indoor perovskite solar panels for IoT devices, aiming to link academic research with commercial opportunities.
South Australia to legally mandate 100% renewable energy target by 2027, leading with wind and solar. BHP aims to double smelting capacity, showcasing state’s economic growth and sustainability.
Zen Energy partners with Enel Green Power for a hybrid solar and battery project in New South Wales, aiming to boost clean energy generation and protect biodiversity.
Early arrival of renewable records season in Queensland driven by solar output, with rooftop solar leading the way in breaking generation share records.
After 16 years, Newstead in Victoria launches a 3MW solar farm and 5MWh battery project, providing affordable green energy to locals through Flow Power. The initiative sets an example for future renewable energy projects.
Tanya Plibersek approves first stage of Sun Cable Australia-Power Link, enabling up to 10GW of solar and battery storage, with plans to export green power to Singapore.
Studies explore using solar on buildings’ walls and over highways, offering clean energy production and economic benefits. Solar roofs over highways could meet 60% of global energy needs.
Ark Energy plans to build a 275MW battery with 8 hours storage and a solar farm in Richmond Valley, NSW. The $1.2 billion project aims to support renewable energy transition in Australia.
PV Lighthouse receives $2m grant from ARENA to enhance SunSolve Yield software, revolutionizing solar yield forecasting for developers and manufacturers worldwide.
Genex Power successfully refinances 50MW Kidston solar farm in Queensland and 50MW Jemalong solar farm in NSW with a new 5-year $162 million senior debt facility from existing lenders.