Today
KKR takes $500m punt on solar and storage play CleanPeak Energy
The investment will give the Sydney-based outfit $1 billion of funding capacity to chase untapped markets for rooftop solar and batteries.
CEFC investments hit record $4.7b as grid bill climbs
Clean Energy Finance Corporation boss Ian Learmonth expects another record year for the green bank, depending on the big-ticket Marinus Link project.
Yesterday
Soul Patts invests in big battery developer North Harbour
The diversified investor will end up with about a one-third share of a long-duration energy storage play led by former KKR Australia MD Tony Schultz.
APA Group executive jumps ship to Future Fund
Stuart spearheaded the listed gas pipelines owner’s acquisition of Alinta’s remote power assets in WA’s Pilbara region.
This Month
Quinbrook executives quit Mike Cannon-Brookes’ SunCable board
The exit of the two representatives of the infrastructure investor comes as the huge solar project is in the middle of critical fundraising efforts.
BP ditches $54b Pilbara hydrogen project
The decision makes the British energy major the latest company to walk away from plans for green hydrogen production in Australia.
Make way for EY’s energy transition team amid deal frenzy
In their final 12 months at PwC, the four dealmakers, who came to EY as partners, notched up several deals of note.
Grid bottlenecks pushing workers into ‘valley of death’
Electrical workers say clearer planning approvals for energy projects are needed to reverse skills shortages and boost productivity.
Climate action is a productivity challenge for Chalmers’ roundtable
An economy-wide carbon tax, which would encourage the private sector to invest in the cheapest ways to reach our climate targets, should be on the agenda at the summit.
No better time than now to set stronger net-zero targets
It’s time to lead with conviction. Targets work; strong targets even better. Cutting climate pollution is not only essential, but also an economic opportunity.
Why net zero targets are impoverishing our nation
If we stick with them, our economy will weaken, living standards will suffer and the electricity price advantage we once enjoyed will be even more of a distant memory.
Woodside takes $214m hit after ditching major US hydrogen project
The oil and gas producer also said it’s still negotiating with the government on the approval for the 40-year extension of the North West Shelf venture.
Clean energy rebound masks wind ‘disaster’
Clean energy capacity added into the grid doubled last year, but analysts say the figures mask stalled wind-farm construction amid soaring costs.
Gas is in as renewables industry adopts new playbook
In a detailed letter to its members, the Clean Energy Council says it must be realistic about gas and work harder to secure support for regional wind and solar projects.
Chalmers should heed Hawke on red tape
The challenge for the treasurer at his Economic Reform Roundtable will be to ensure the good ideas do not get lost in translation.
High-profile dealmaker’s departure leaves door open at Future Fund
Peter McCosker has relocated back to Abu Dhabi, replacing Marcus Hill, who was head of transportation in ADIA’s infrastructure division.
Solar farms forced to ‘switch off’ due to energy grid logjam
Delays to critical poles and wire projects will force some solar farms to shed more than two-thirds of the power they produce.
Everything you need to know about Santos’ deep-pocketed suitor
As shareholders wait to see if Treasurer Jim Chalmers will bless the $36 billion takeover, here’s all you need to know about the lead player, XRG.
Copper is soaring. So why is this Australian mine going cheap?
The high price of the metal is giving Australian miners a boost. Yet one top copper asset remains undervalued, according to investors and analysts.
AGL raises bet on after-dark solar with SA acquisition
The innovative project to be built on the Eyre Peninsula will make solar power available after the sun sets, but will require government support.