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The Latest Breaking News from Renewable Energy

Farmers want compensation for $1.2 billion renewable energy transmission lines across properties

The NSW government is budgeting $1.2 billion to fast-track transmission lines for renewable energy, but farmers say they want proper compensation if their land is affected.

ABC News

Will long-term boost to energy capacity stop exit from coal? Debate is red hot

One of Australia's most experienced energy advisers has downplayed concerns that a plan by state and federal energy ministers to overhaul the electricity market could prolong the coal-fired power industry.

ABC News

NSW govt to splash $1.2b on clean energy

The NSW government will spend $1.2 billion over the next decade on accelerating renewable energy projects.

AAP

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Sydney news: Renewable energy funding boost of $1.2 billion promised in state budget

MORNING BRIEFING: The NSW government says the budget will see the state’s largest investment in infrastructure for renewable energy, expected to help create 2,700 construction jobs.

ABC News

Funding turbo-charge 'critical' to future energy supply: MP

The NSW government has announced $1.2 billion to boost renewable energy infrastructure, with the Waratah Super Battery set to be the first beneficiary.

Newcastle Herald

We’ve got 501 problems

Good morning, early birds. New Zealand Prime Minister Jacinda Ardern is in Australia, and the NSW government is planning to invest $1.2 billion into renewable energy infrastructure. It’s the news you need to know, with Emma Elsworthy.

Crikey

Priority industries targeted in ACT skills list as businesses fear 'crisis'

A 'lag' in the number of renewable energy electricians and the growing demand in the ACT is hampering business.

The Canberra Times

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Most companies buying renewable energy certificates aren't actually reducing emissions

Big companies are increasingly setting voluntary greenhouse gas emissions reduction targets that are derived from the 1.5 C temperature goal of the Paris Agreement. As part of these science-based targets or longer-term net-zero targets, companies commit to rapidly reducing the emissions that come from their electricity consumption.

The Conversation

Wind, solar to power Rio Tinto aluminium

New wind and solar farms will be used to power Rio Tinto's aluminium assets in the Gladstone region, as the mining giant looks to halve emissions by 2030.

AAP

Steps to spur clean energy adoption

Deputy Prime Minister and Energy Minister Supattanapong Punmeechaow has allayed fears over non-tariff barriers on Thai exports which do not come from green manufacturing as the duties will encourage industries to adopt clean energy technology which promises long-term economic restoration.

Bangkok Post

OECD slashes global growth forecasts, urges Australia to keep shifting to renewable energy as Ukraine war continues

The OECD says the war in Ukraine is a humanitarian disaster, and the economic shock will make inflation higher and more persistent

ABC News

Egypt: Vortex Energy Invests $237Mln into Spain’s Ignis

Vortex Energy, a global renewable energy platform managed by the private equity arm of EFG Hermes, announced on Tuesday that it invested to-date in Spain’s Ignis 222 million euros ($237 million) of equity capital, consequently fulfilling its terms of its partnership with Ignis that it initiated last year.

Asharq Al-Awsat

ReneSola Clocks Q1 Revenue Decline Of 85%, Reiterates FY22 Guidance

ReneSola Ltd. (NYSE:SOL) reported a first-quarter revenue decline of 85% year-over-year and sequentially to $3.5 million, driven by energy sales from IPP assets that came from 33 million KWh generated. Adjusted gross profit was $1.4 million, and the margin was 36.3% for the quarter. Adjusted operating expenses were $2.7 million, compared to…

Benzinga

If Australia taxed windfall gas profits we could invest billions in renewables and get off fossil fuels for good

The sooner we shift away from ageing coal and expensive gas, the quicker electricity prices and emissions will fall

The Guardian - AU

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AFP

Yellen says new Biden investments can counter inflation

New York (AFP) - US Treasury Secretary Janet Yellen urged lawmakers to approve additional investments in renewable energy and higher taxes on the wealthy on Tuesday, as she defended the administration's efforts to blunt the impact of inflation.

Asharq Al-Awsat

Italy Looks Forward to Long-term Partnership with Saudi Arabia in Green Hydrogen

Italian Ambassador to Saudi Arabia Roberto Cantone said his country was making great efforts to diversify its gas supplies to achieve independence from Russia, by expanding its cooperation with other gas-exporting partners. He stressed in this regard that his country was looking forward to establishing a long-term partnership with a…

Crikey

Renewables ambition solution to bill shock

Parts of Australia have avoided soaring power prices thanks to high levels of renewable energy as experts call for a faster national grid overhaul.

The Guardian - AU

Island in the energy price storm: renewables help ACT cut power costs

ACT is the only jurisdiction bucking the trend of soaring power bills now plaguing the rest of Australia

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The Guardian - AU

Labor needs to double the pace of its renewable energy rollout to meet 2030 emissions target. Can it be done?

Analysts say the extent to which Australia will have to accelerate the uptake of renewables has not been appreciated – it’s extremely challenging, but not impossible

Asharq Al-Awsat

TRSDC Seeks 30% Environmental Conservation Rate by 2040

The "Amaala" and "Red Sea" projects in western Saudi Arabia will attract a wide range of various markets given the multiple services they offer, according to the Executive Director at the Red Sea Development Company (TRSDC), Rosanna Chopra. Chopra stressed that TRSDC aspires to provide the destination with clean and…

ABC News

$1m community battery unveiled in Melbourne in move towards more renewable energy

A community battery that will take excess energy from local solar panels is unveiled in Melbourne and welcomed as a "fabulous" step towards having more renewable energy in the network.

Bangkok Post

EA to unveil trucks in H2

SET-listed Energy Absolute (EA), a renewable energy and electric vehicle (EV) developer and operator, is preparing to launch battery-run trucks in the second half of this year as it shifts its EV business into top gear.

The Hindu

KSEB metering move draws flak from prosumers

Objection to replacement of net metering with gross metering

Asharq Al-Awsat

40 Government Agencies Strive for Quality Industries in Saudi Arabia

The National Industrial Development and Logistics Services Program (NDLP) is seeking to work with 40 Saudi government agencies to achieve qualitative industries represented in partial and total manufacturing and the development of the supply chain in machinery, medical equipment, cars, military industries and renewable energy. The NDLP aims to transform…

Asharq Al-Awsat

Rome Pushes for Opening HQs of Italian Companies in Saudi Arabia

Italian MP Elena Morelli, who chairs the Italian-Saudi Parliamentary Friendship Committee, has discussed ways to open headquarters for Italian companies in Saudi Arabia. Morelli called for motivating Italian companies by simplifying and standardizing procedures, noting the availability of great cooperation opportunities between Riyadh and Rome in the renewable energy sectors,…

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