Projects
Pacific Green Technologies, Inc. has reached financial close for US$34.90 million of senior debt for the company's 99.98 MW battery energy storage system (BESS) at Richborough Energy Park.
The senior debt, in conjunction with the equity investment by Green Power Reserves Limited, will provide the company with the funding to bring the battery park to commercial operations in June 2023.
The senior debt facility agreement is entered into with Close Leasing Limited (CLL), pursuant to which CLL will provide a development loan to fund the construction, which will be utilised in stages following the expenditure o... more
State Budget powers Queensland’s energy future
The Queensland Government is delivering more than $2 billion in large-scale storage, renewable energy projects and generation and transmission investment through the 2022-23 State Budget.
Minister for Energy, Renewables and Hydrogen Mick de Brenni said the investment will power more jobs in more industries across the state.
“This budget ensures Queensland will maintain its standing as a national energy leader for many years to come,” Mr de Brenni said.
“It will also ensure Queenslanders maintain a stake in their energy future through their publicly owned energy corporations, with the retention of ... more
Vast Solar agrees joint venture with 1414 Degrees to progress Port Augusta project
Vast Solar will be co-developing the Aurora Energy Project (Aurora) through its acquisition of 50 per cent of the shares in Silicon Aurora Pty Ltd (Silicon Aurora) from 1414 Degrees (14D) for $2.5 million.
The agreement is the next step in Vast Solar’s plans to deploy its world leading technology in Port Augusta, following the Australian Government announced concessional finance of up to $110 million for Vast Solar to support the development of a 20MW CSP project in the area.
In addition to co-developing a 140MW (1-2 hour) battery energy storage system (BESS) with 14D, the agreement provides access and ... more
bp to lead and operate WA renewables and green hydrogen energy hub
bp today agreed to acquire a 40.5 per cent equity stake in, and to become operator of, the Asian Renewable Energy Hub (AREH), which has the potential to be one of the largest renewables and green hydrogen hubs in the world.
Based on the development of world-scale renewable power generation, AREH, in the Pilbara region of Western Australia, intends to supply renewable power to local customers in the largest mining region in the world and also produce green hydrogen and green ammonia for the domestic Australian market and export to major international users.
AREH has plans to develop onshore wind and solar ... more
Australian households could save significantly on water and energy bills
An in-depth review of over 20,000 Melbourne households revealed significant greenhouse gas (GHG) emissions, energy consumption, and associated costs that may be lowered through greater water efficiency.
Water use in Melbourne houses accounts for 3.8 per cent of GHG emissions, which is comparable to total domestic and international travel in Australia.
Researchers from Monash University and The University of Queensland have indicated that a Melbourne-wide program entailing a simple shower head retrofit could reduce customer bills by $160 and lower GHG emissions by between 98 and 226 kilo-tonnes per year, wh... more
Transforming wastewater treatment for a greener Victoria
Wastewater treatment in Melbourne’s west is about to be transformed thanks to a $711 million investment to modernise the plant to ensure the health and sanitation needs of Victoria’s growing population are met for generations to come.
VIC Minister for Water Harriet Shing recently announced the start of works on a new Resource Recovery and Re-Use Complex — the first major milestone in the modernisation of the Western Treatment Plant.
“Innovation and efficiency in wastewater treatment has enabled Victoria to lead in adaptation to climate change, our circular economy and delivering large-scale improve... more
Hybrid design revealed as lowest carbon footprint for new Kyklos building in Luxembourg
UNStudio, with local partner HYP Architects, were recently announced by the Atenor, Arhs group and Agora Luxembourg as the winners in the competition for the design of the Kyklos building in Belval, Luxembourg, and have found a hybrid steel-concrete design would provide the lowest carbon footprint.
Belval is a redevelopment project that has successfully transformed an old industrial site in Luxembourg into an urban centre that now houses a university and technological centre, residential and office spaces, in addition to hotels and retail. The Kyklos building will be the last building to shape the Central Squ... more
Building’s adaptive reuse saves on embodied carbon
The 1960s industrial precinct formerly owned by Philip Morris has been sustainably transformed into a $200 million commercial community, the adaptive reuse process included the retainment of the existing structure throughout the build.
This has resulted in savings to date of 19 million kilograms of embodied carbon — which is the equivalent of 400 rail cars full of coal.
After the completion of Building 4, the project’s builder — Kapitol Group — delivered a construction program in which these embodied carbon savings contributed to the developer’s overall goal for the site to increase energy effici... more
Andrew Forrest to assess Indonesia’s renewable energy future
Fortescue Future Industries Pty Ltd, a wholly-owned subsidiary of Fortescue Metals Group Ltd (Fortescue) has entered into a Deed of Agreement with Indonesia.
The Deed of Agreement provides first priority to Fortescue Future Industries to conduct development studies into the feasibility of projects utilising Indonesia’s hydropower and geothermal resources to support green industrial operations, principally for export to global markets. Subject to the completion of feasibility studies and approvals, individual projects will be developed by Fortescue Future Industriese.
The Coordinating Minister for Maritim... more
Exmouth Gulf proposals to be subject to cumulative impact study
Under section 16(e) of the Environmental Protection Act 1986, Minister for the Environment, the Hon. Stephen Dawson MLC, has requested the Western Australian Environmental Protection Authority (EPA) provide strategic advice on the potential cumulative impacts of proposed activities and developments in the Exmouth Gulf. The EPA has agreed to the request.
Minister Dawson has determined that new, and in some cases very recent proposals, such as the Gascoyne Gateway Cruise and Multi-Use Marine Facility, the K+S Salt proposal and the Learmonth pipeline fabrication project have the potential to significantly add to... more
Funding for development of low emission metal refining technology
The Korean Government has awarded US$4.5 million in grants with the aim to establish clean metal supply independence and advance material technology for future market demand.
Zirconium Technology Corporation (ZironTech) has received funding for the development of a low emission, high purity metal refining technology, in a joint venture with Australian Strategic Materials Ltd (ASM), who has the exclusive rights to the commercialisation of the technology worldwide.
The technology is intended to replace conventional energy-intensive metallisation processes with a more environmentally friendly, sustainable a... more
International LNG fuelling hub to support emissions reductions
The Government of Western Australia is pushing to establish an LNG fuelling hub for bulk vessels in the Pilbara, potentially creating more than 100 local jobs and supporting global efforts to reduce carbon emissions.
International Maritime Organisation regulations require trading vessels to reduce their greenhouse gas emissions, and the international shipping industry is turning to LNG as a transition fuel as it works towards clean hydrogen and other carbon-free fuels.
The WA Government will offer a 50 per cent discount in port dues to bulk vessels bunkering with LNG at Pilbara ports - saving each vesse... more