The Australian Renewables Income Fund (ARIF), a renewable energy fund managed by Foresight Group, has raised AU$700 million (US$779 million) in a debt refinancing transaction.
New South Wales, Australia's most coal-dependent state, will transition from 40% to 90% renewable energy by 2035, according to grid operator Transgrid's latest planning report.
The Australian government of Victoria has released an amended version of the Victorian Transmission Plan, adding 200,000 hectares of area to develop renewable energy – in addition to 230,000 hectares proposed in the first draft.