Projects to Create Green Grid, CCS Hubs Across ASEAN, Australia Updated On Thu, Oct 28th, 2021 by Saurenergy National authorities and companies across Southeast Asia and Australia are seeking ways to pool renewable energy resources and form a green power grid in the region, according to media reports. Below are some of the projects engaged in developing this green grid that have been announced: ASEAN Members of the Association of Southeast Asian Nations […] Read more
Rio Tinto to Spend $7.5 B to Cut Carbon Emissions by 50% by 2030 Updated On Thu, Oct 21st, 2021 by Saurenergy Rio Tinto, an Anglo-Australian multinational and the world’s second-largest metals and mining corporation, plans to spend $7.5 billion in direct capital expenditure to decarbonise its assets from 2022 to 2030, aiming to reduce carbon emissions by 50% by 2030. The mining giant has outlined a long-term strategy for the decarbonisation of some of its operations in […] Read more
Fotowatio Sells 49% In Australia Arm To OMERS Infrastructure Updated On Mon, Oct 18th, 2021 by Saurenergy Fotowatio Renewable Ventures (FRV), a leading Spanish developer of utility-scale renewable energy projects and part of Abdul Latif Jameel Energy, have today announced the sale of a 49% interest in FRV Australia Group to OMERS Infrastructure (the “Transaction”). Under the terms of the Transaction, OMERS Infrastructure will acquire a 49% interest in FRV’s Australian renewable energy platform, […] Read more
Canadian PE Fund Brookfield Offers $9.6 B to Take Over AusNet Updated On Mon, Sep 20th, 2021 by Saurenergy Update: ASX-listed energy infrastructure firm APA Group has launched a rival $10 billion takeover offer for the utility business Australian energy company AusNet Services has received a proposal, worth $9.6 billion, from the infrastructure affiliate of Brookfield Asset Management to acquire all of the issued shares in AusNet at an indicative price of $2.50 cash per […] Read more
Why Australia is a Bigger Carbon Pariah Than We Think: IEEFA Updated On Thu, Sep 16th, 2021 by Saurenergy In the following timely piece, Adrian Blundell-Wignall, guest contributor for Institute for Energy Economics and Financial Analysis (IEEFA), discusses the role played by Australia’s Scope III emissions in the world’s carbon footprint: The Glasgow summit on climate change is looming, and we continue to see Australia pretending to be a small emitter of carbon dioxide on […] Read more
Evenergi Sets Foot in India, Joins Hands with Chemi Tech for E-mobility Updated On Wed, Sep 15th, 2021 by Saurenergy Sydney-based software and consultancy services provider Evenergi has decided to launch its operations in India. The company, which has an active presence across 4 continents, is looking for global operations with India. The firm will be acquiring an 80% equity in Snel Charge India, part of the Chemi Tech Group. The company’s services help implement and optimise zero emissions […] Read more
UK-based Octopus Group Buys 181 MW Wind Farm in Australia Updated On Fri, Sep 3rd, 2021 by Saurenergy Octopus Australia has acquired the 181MW Dulacca Wind Farm in Queensland, Australia, from global renewable energy company RES. Once constructed, the wind project will consist of 43 wind turbines and generate enough electricity to power approximately 124,000 homes. Octopus Australia is a part of UK-based Octopus Group that manages over 260 renewables assets globally. In addition to […] Read more
Transforming the Grid with Pole-mounted Batteries: ARENA Updated On Tue, Aug 24th, 2021 by Saurenergy On behalf of the Australian Government, the Australian Renewable Energy Agency (ARENA) has announced $4 million of ARENA funding to United Energy to trial the use of pole-mounted batteries to support more rooftop solar and manage peak demand across the low voltage distribution network in south Eastern Melbourne and the Mornington Peninsula. The first of […] Read more
Scientists Make Bifacial Solar Cell with Record Power Output at 29% Updated On Thu, Aug 19th, 2021 by Saurenergy A team of scientists at the Australian National University (ANU) have used laser processing to produce a record-breaking bifacial solar cell with a front conversion efficiency of 24.3% and a rear conversion efficiency of 23.4%, representing a bifacial factor of 96.3%. This performance represents an effective power output of approximately 29%, well exceeding the performance of the […] Read more
