Surge in renewable energy funding
More than $9bn worth of renewable energy projects secured financial commitments in 2024, buoying hopes that Australia could yet reach its 2030 emissions targets.
Climate Change
AGL eyes gas peaker in every state
AGL has also unveiled a target of formally approving the construction of 1.4GW of batteries over the 12-18 months, if the regulatory landscape improves.
Macquarie quits climate alliance amid policy shift
Macquarie is the first major Australian lender to withdraw from the Net Zero Banking Alliance, while larger rival CBA will reassess its membership.
Origin to win prized transmission access
Securing access to a key cog in the NSW renewables plan will come as relief to Origin following its $300m acquisition of the giant Yanco Delta wind development.
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SunCable to secure Indigenous agreements after federal green light
The Mike Cannon-Brookes-led mega renewable energy project is now prioritising land agreements as it accelerates the development of what could be the world’s largest solar project.
Australia’s biggest solar farm gets a green tick from Plibersek
The nation’s largest renewables project has won environmental approvals from the Albanese government, with the NT development, backed by tech billionaire Mike Cannon-Brookes, set to produce enough power for three million homes.
Wind drought a warning to hobbled green energy pipeline
Australia must install about 40 wind turbines a month to meet a 2030 renewable energy target, but a winter wind drought shows the ambitious goal depends on a broader range of generation.
Mali’s nuclear blast: Technology might make power economic
Premier Peter Malinauskas says technology change might make nuclear power economical for Australia.
‘Blacklisting’: Big bank’s major change
One of Australia’s biggest banks has revealed a big change in how it handles fossil fuel companies in a bid to tackle climate change.
Qld government buys Lotus Creek wind farm project
The deal comes as Queensland Premier Steven Miles pushes to meet ambitious energy transition targets and sway voters with spending commitments.
Origin slumps on disappointing outlook after record profit
Investors dump Origin shares following the energy major’s outlook guidance, which many believe is too conservative, after booking a record profit.
Economy, jobs boost from power switch
Research commissioned by Squadron Energy concludes Australia’s transition to renewable energy will provide more than $68bn in benefits and generate 20,000 new jobs.
Renewed energy as AGL taps big profit
The retirement of Patricia McKenzie is a surprise after just two years in the job, but the outgoing chair has said she came in to stabilise the company and annual results demonstrate that the job is done.
‘Devastating’: Popular bakery shuts stores
A popular pastry chain is set to shut its doors in one major city, citing rising costs and a tough economic climate for the shock decision.
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