Analyst firm BloombergNEF has cautioned that Australia requires around A$2.4 trillion (US$1.6 trillion) investment to reach net zero, with solar PV and wind installations to reach 290GW by 2050.
Renewable energy developer Acen Australia has seen the New South Wales Independent Planning Commission (IPC) approve its 600MW Birriwa solar-plus-storage project.
Australian mining giant Fortescue Metals Group has started constructing a US$50 million project in Western Australia. The project aims to harness solar PV to produce green hydrogen, which will be used to create green metals.
Solar project developer Lightsource bp has secured NZ$267 million (US$162 million) to support the development of its 168MWdc Kōwhai Park solar PV project at Christchurch Airport, New Zealand.
The Australian Energy Market Commission (AEMC) is set to integrate new rules surrounding consumer energy resources (CER) to exercise greater control over their use, aiding solar PV’s role in the electricity mix.
Singaporean renewables energy company Nexif Ratch Energy (NRE) has confirmed the start of commercial operations at a 74MWp solar PV project in Camarines Sur, South Luzon, the Philippines.
A new report released by the Australian think tank Race for 2030 has called on the Federal government to provide additional investment and incentives to support consumer energy, such as solar PV, and its role in a decarbonised society.
