Energy
The United States Customs and Border Protection (CBP) has detained nearly $43 million worth of electronics shipments from India since October 2023 under the Uyghur Forced Labor Prevention Act (UFLPA). This marks a significant shift in enforcement, as no Indian electronics shipments were detained under the UFLPA in previous years.…
Super Typhoon Yagi exposes wind farm vulnerabilities, sparks call for Australian onshore manufacturing
Super Typhoon Yagi's devastating impact on China's Hainan province has reignited discussions about wind farm manufacturing quality and the need for onshore production of renewable energy assets in Australia. The typhoon, which made landfall on September 7, 2024, with winds reaching up to 300 km/h, caused severe damage to at…
Volvo adjusts electric vehicle target amid market slowdown
Swedish automaker AB Volvo, a subsidiary of China's Geely Holding, has revised its ambitious 2030 electrification goal, sparking discussions among industry influencers on social media platform 'X'. The company, which previously aimed to sell only fully electric vehicles (EVs) by the end of the decade, has adjusted its target to…
Australia launches $523m Battery Breakthrough Initiative
The Australian government has opened consultations for its ambitious $523 million Battery Breakthrough Initiative, a program aimed at bolstering the country's battery manufacturing capabilities. Announced as part of the 2024-25 Federal Budget in May, this initiative is set to play a crucial role in Australia's renewable energy transition. The Battery…
AEMO releases positive outlook for Australia’s grid reliability
The Australian Energy Market Operator (AEMO) has released its latest Electricity Statement of Opportunities (ESOO), painting an optimistic picture of Australia's energy future. The report indicates that renewable energy, storage, and transmission improvements are enhancing the reliability of Australia's electricity grid. According to the ESOO, renewable energy now accounts for…
Pacific Blue appoints Travis Neal as Chief Financial Officer
Pacific Blue, a prominent renewable energy generator and retailer, has announced the appointment of Travis Neal as its new Chief Financial Officer (CFO). Neal brings a wealth of experience to the role, having worked across various sectors including resources, infrastructure, renewable energy, government, and the not-for-profit sector. His career spans…
Global offshore wind capacity set to surge, reaching 520 GW by 2040
The global offshore wind sector is poised for significant growth, with installations expected to surpass 520 GW by 2040, according to a recent report by Rystad Energy. Despite facing challenges such as inflationary pressures and supply chain disruptions, the industry demonstrated resilience in 2023, achieving a 7 per cent increase…
Australia’s path to net zero narrows, but remains achievable
Australia's window for achieving net zero emissions by 2050 is rapidly closing, but a new report suggests the country could still align with the Paris Agreement's goal of limiting global warming to well below two degrees Celsius. BloombergNEF's New Energy Outlook: Australia report outlines the dramatic transformations required in the…