China and India have surpassed the United States as the most attractive countries for investment in renewable energy projects following a marked shift in policy by President Trump, according to global consultancy EY.
The Clean Energy Finance Corporation (CEFC) announced Monday that it has committed approximately US$44.5 million in financing to RATCH-Australia Corporation — which the company will use to redevelop a disused coal-fired power station in Collinsville, Queensland, as a 42.5MW solar farm.
Diversified engineering and infrastructure company RCR Tomlinson announced last week that it has been awarded a contract valued at approximately US$129 million with APA Group to design and construct a 110MW solar project.
The Australian Renewable Energy Agency (ARENA) launched its new investment plan prioritising how to use US$800 million worth of funds in the next few years, with solar PV innovation one of the main new areas of focus.
Solar power company Canadian Solar announced Tuesday that it has secured US$50 million in non-recourse project financing with a five-year term for two PV projects in Australia with the Bank of Tokyo-Mitsubishi UFJ, Ltd. (MUFG) and Clean Energy Finance Corporation (CEFC).
Distributed energy technologies such as solar and battery-based storage could save Australia AU$101 billion (US$75 billion) by 2050 and completely eliminate greenhouse gas emissions, according to a new report from the government's scientific R&D agency CSIRO and Energy Networks Australia (ENA).