Industrial action will hit electricity transmission and distribution giant Transgrid on Friday, putting at risk progress on the company’s signature $2.3bn EnergyConnect transmission line build between South Australia and NSW. Electrical Trades Union members will stop work for an hour at 11am across the company’s portfolio of assets, including EnergyConnect,Continue Reading
Energy and Climate Change Minister Chris Bowen has refused to detail the cost of the government’s landmark green energy scheme amid Coalition criticism over its financial exposure to taxpayers. On Friday, Minister Bowen announced an expansion of the Capacity Investment Scheme which will underwrite funding for 32 gigawatts of newContinue Reading
Gina Rinehart, the richest person in Australia, has thrown half a billion dollars into lithium miner Liontown Resources in a stunning endorsement of green energy. Liontown is an Australia-based battery mineral producer that largely mines lithium, a key component in the batteries that are used to store renewable energy. It’sContinue Reading
One of Australia’s richest people has taken control of an ambitious green energy project after falling out with one of Australia’s other richest people. Mike Cannon-Brookes, the co-founder of software giant Atlassian, now runs the Sun Cable solar export project after a financial tussle with Andrew “Twiggy” Forrest who madeContinue Reading
According to new market intelligence, wholesale energy costs are being driven down by renewable energy, pushing emissions to record lows. The findings are based on the latest market intelligence report by Australian Energy Market Operator, an organisation which oversees the operations and security of the National Energy Market. NEM wholesaleContinue Reading
The future of one of the country’s most ambitious green energy projects is in limbo after the company was put in voluntary administration due to a bitter stand-off between two Aussie billionaires. Renewable giant Sun Cable had proposed to build a $35bn solar farm in the heart of the NorthernContinue Reading
Australia’s richest man Andrew “Twiggy” Forrest has been delivered a fresh major blow as yet another executive walked away from his company Fortescue Metals, which is bleeding senior staff. The mining magnate lost another key lieutenant as his chief financial officer Ian Wells quit on Monday, bringing the number ofContinue Reading