Today
Conflict concerns at Kean advising government and rich investors
Former NSW treasurer Matt Kean has defended taking dual roles as a federal government climate change adviser and at a private green investment fund led by a former Macquarie banker.
- 1 hr ago
- John Kehoe
This Month
- Exclusive
- Energy security
Vales Point coal plant owner eyes gas plant, batteries
Delta joins Squadron Energy and others in studying potential investments in new gas power plants to support the transitioning electricity system.
- Angela Macdonald-Smith
Cannon-Brookes, Turnbull-backed solar maker cuts staff, replaces CEO
SunDrive, which also counts Blackbird as an investor, is restructuring its business at the same time as it courts global partners to expand its operations.
- Ben Potter
Japanese giant comes calling for Byron’s Smart Energy
It’s a marriage between a 104-year-old product manufacturer and a fast-growing service provider.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Marinus Link makes billion-dollar cable commitment
The order should ensure the $3 billion-plus project to build a second power link to Tasmania starts up in 2030 when the energy market operator says it’s needed.
- Angela Macdonald-Smith
- Exclusive
- Energy prices
Humelink budget trimmed but cost worries persist
The energy regulator has disallowed about $314 million of costs to build the contentious transmission line from Transgrid’s original proposal.
- Angela Macdonald-Smith
Slim pickings for BlackRock’s equity partner hunt at Akaysha Energy
Deal was scuppered by the fact batteries are a fledgling sub-sector for even the most seasoned renewables dealmakers.
- Sarah Thompson, Kanika Sood and Emma Rapaport
July
Elecnor blames earnings slump on SA-NSW high-voltage cable project
EnergyConnect’s Spanish contractor has recorded a provision of $13.98 million for losses on its Australian projects in the six months to June 30.
- Jenny Wiggins and Angela Macdonald-Smith
Marex raids Jarden’s carbon trading business, opens NZ office
The Nasdaq-listed firm has snared Jarden rainmaker Nigel Brunel and a swathe of the Kiwi investment bank’s carbon trading team.
- Sarah Thompson, Kanika Sood and Emma Rapaport
ASX to expand into carbon, gas futures trading in transition payday
The market operator expects to list a gas futures contract in August, and is working with the clean energy regulator on a market for carbon credits.
- Kylar Loussikian
Project Bravo: BNRG, Leeson seek backers for 30MW solar project
Three are located within the Gippsland Renewable Energy Zone, but all have a 22 kilovolt distribution line nearby, according to the flyer.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Funds hit as Trump shadow looms over green energy
Fund managers are scrambling to assess what a Republican win in November could mean for the billions of dollars earmarked for green investments.
- Joshua Peach
No wind or sun? Try using compressed air and molten salts
“You want as many cards up your sleeve as you can,” says Hydro Tasmania chief executive Ian Brooksbank of emerging renewable generation technologies.
- Angela Macdonald-Smith
Origin Energy ups battery investments with $450m Eraring project
The second power storage system to be installed at the NSW Central Coast site will have more than double the duration of the first one.
- Angela Macdonald-Smith
This top exec reveals the secret to having it all
Sinead Booth is one of the 2024 BOSS Young Executives. She first gained business experience helping with the books as a teenager at her father’s refrigeration business.
- Sally Patten
Cold snap confirms energy price surge, and need for gas and coal
Light winds through much of the June quarter drove a return to gas and coal power, and pushed up wholesale prices drastically in some states.
- Angela Macdonald-Smith
EnergyConnect exit leaves just months to turn around crucial grid link
Elecnor, the Spanish contractor building part of the key link needed for the transition away from coal power, is expected to cease its involvement by the end of September.
- Angela Macdonald-Smith and Jenny Wiggins
EY builds buzz for Hive’s small-scale Hunter Valley battery project
Clean Energy Transfer Fund-backed Hive is also busy negotiating a financing package with a “Tier-1 institution” as it gets more of its battery systems away.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Origin-backed Octopus extends reach with Ergon Energy deal
Australia’s fourth-largest retailer has taken on Octopus’ Kraken technology platform – the first major local customer besides Origin itself.
- Hans van Leeuwen
This investor is slimming down its stake in Blackstone-backed Xpansiv
The carbon trading platform counts some heavyweight backers including the private equity giant and Macquarie. But Perennial is selling down its investment.
- Sarah Thompson, Kanika Sood and Emma Rapaport
