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.
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.
Australian think tank Climate Energy Finance (CEF) has signaled that the mineral-rich region of Pilbara, Western Australia, needs rapid investment in its transmission network to ensure renewable energy, such as solar, can help drive decarbonisation.