The facility , which will be co-owned by waste companies Cleanaway and ResourceCo, was supported by $30 million in funding from the Clean Energy Finance Corporation. A portion of the $30 million will be used for a second plant at a location yet to be identified. The NSW government provided $5 million in funding.
The plant will process dry waste such as plastic, dirty paper and cardboard, and non-recyclable wood into small solid material -- processed engineered fuel (PEF) -- that can be burnt for power.
Over the lifetime of the facility, it is forecast to reduce carbon emissions by about 4 million tonnes.
(Source: CEFC, Sydney Morning Herald, 30 July, 2018) Contact: CEFC , Ian Learmonth, CEO, www.cefc.com.au
More Low-Carbon Energy News Waste-to-Fuel, Clean Energy Finance Corporation,
In FY18, CEFC set a new record in investment commitments, 53 pct of which went into renewable energy. In the 12 months to 30 June 2018, the Australian government's green bank invested in 10 large-scale solar projects and four wind farms, to deliver an additional 1,100MW in clean energy across Australia. This included $94 million for the Kennedy Energy Park, Australia's first fully integrated hybrid project that will combine 43.2 MW in wind capacity, 15 MW of solar PV, and 2 MWh of battery storage, as well as projects delivering low-cost energy to large industrial and commercial energy users through innovative power purchase agreements.
Overall, the CEFC made commitments of $2.3 billion, with 39 direct investments in renewable energy, energy efficiency, transport and waste-related projects --
$939 million in energy efficiency, $100 million in transport and $127 million in waste-related projects.
Since its founding in 2013, CEFC has financially underpinned 2,400 MW of renewable energy projects, including more than 20 large-scale solar farms and 10 wind farms Australia-wide.
(Source: CEFC, July 30, 2018) Contact: Clean Energy Finance Corporation, www.cefc.com.au
More Low-Carbon Energy News Australia Renewable Energy,
The CEFC investment is part of a debt finance package to support intelliHUB's growth plans. The CEFC was established to facilitate increased flows of finance into the clean energy sector.
According to CEFC grid solutions and storage lead Simon Brooker, there are approximately 9 million metering points in the national electricity market and by accelerating their conversion to smarter technologies, consumers will benefit from more meaningful information relating to their energy consumption.
(Source: CEFC, CIO, Twitter, 4 July, 2018) Contact: CEFC, Ian Learmonth, CEO, www.cefc.com.au; Landis+Gyr, Mike Cooper, General Manager of Distributed Generation and Energy Storage , http://landisgyr.com
More Low-Carbon Energy News Clean Energy Finance Corp , Smart Meter, LandisGyr,
Zen Eco Systems' two main products are Zen Thermostat that allows homes to remotely control and reduce their energy consumption, and the Zen HQ, a low-cost cloud-based platform for smaller businesses trying to manage energy-intensive assets across single and multiple sites.
Zen Eco Systems is one of 10 companies working on a demand response trail with the Australian Energy Market Operator and Australian Renewable Energy Agency.
As part of the project, Zen Ecosystems will deploy a network of connected, smart thermostats in commercial buildings and households in Victoria and South Australia. The network can then be controlled to reduce energy consumption when called upon by AEMO. (Source: Zen Ecosystems, Financial Review, 29 April, 2018) Contact: Zen Ecosystems, James McPhail, CEO, firstname.lastname@example.org, www.zenecosystems.com; Clean Energy Finance, email@example.com; www.cefc.com.au
More Low-Carbon Energy News Zen Ecosystems, Smart Thermostat, Clean Energy Finance,
The new homes will be built to an average 7 star Nationwide House Energy Rating Scheme (NatHERS) rating. A higher rating means less energy goes to heating, cooling and powering appliances. The Australian government requires all new homes to have at least a 6 star NatHERS rating. However, a 7 star rating should translate into a 25 per cent cut in energy use compared with the average home.
According to the Australian Department of the Environment and Energy, Australian households are responsible for about 20 pct of greenhouse gas emissions. The average household generates more tham 7 tpy of greenhouse gas emissions. (Source: Clean Energy Finance Corporation, Energy Matters, 9 Feb., 2018) Contact: CEFC, firstname.lastname@example.org, www.cefc.com.au
More Low-Carbon Energy News Clean Energy Finance Corporation, Energy Efficiency ,
Canadian Solar has a EPC contract to complete the construction of the Oakey 2 Solar Farm as well as a 2 year O&M services contractfor the Oakey 2 Solar Farm which is expected to begin commercial operation in November 2018. Once operational, the project will generate approximately 138,800 MWh of clean solar power per year powering over 23,000 homes in Queensland.(Source: Canadian Solar Inc., PR, 2 Jan., 2018)Contact: Canadian Solar, Dr. Shawn Qu, CEO, www.canadiansolar.com
More Low-Carbon Energy News Solar, Canadian Solar,
Both Oakey 1 and Longreach have been funded to date by equity from Canadian Solar, grants from the Australian Renewable Energy Agency (ARENA) , and senior debt from the Clean Energy Finance Corporation (CEFC) and Bank of Tokyo-Mitsubishi UFJ.
(Source: Canadian Solar Inc., PR, 16 Oct., 2017) Contact: Canadian Solar, Dr. Shawn Qu, CEO, www.canadiansolar.com; Foresight Group, www.foresightgroup.com
More Low-Carbon Energy News Canadaian Solar, Solar,
The Wattwatchers system works with various cloud-hosted management interfaces and a wide range of software, and can be used across Australian residential, commercial, industrial and utility services.
(Source: Energy Matters, 15 Aug., 2017) Contact:
CEFC, Ian Learmonth, CEO, Blair Pritchard, Dir. Investment Development, 1300 002 332, email@example.com, www.cefc.com.au; Wattwatchers, +61 2 8316 7540, firstname.lastname@example.org, www.wattwatchers.com.au
More Low-Carbon Energy News Clean Energy Finance Corporation, Energy Management, Energy Software, Wattwatchers ,
The Labor party is opposed to the change and some Labor MPs question both the science and economic viability of the technology. The opposition also claims it is inappropriate for the Clean Energy Finance Corporation to fund CCS since it is forbidden to do so under existing legislation.
Proponents claim CCS has the potential to cut Australian coal and gas power plant emissions by as much as 90 pct. Opponents say
CCS should be looked at for use in the manufacturing sector, to help industry cut emissions. (Source: APP, Various Media, June, 2017)
More Low-Carbon Energy News CCS, Carbon Capture & Sequestration,
One plants it proposed near the CarbonNet carbon disposal project in Victoria's Latrobe Valley, and the other near the Collie South West Hub sequestration project in Western Australia. For the plants to be economically viable, the price of oil needs to be approximately $95 per barrel, according to Collie Synfuels.
(Source: Collie Synfuels, Australia Financial Review, 7 June, 2017) Contact: Collie Synfuels, Collie Synfuels, director Costa Tsesmelis, MD, +61 (0)8 9446 9057, www.collie-synfuels.com
More Low-Carbon Energy News CCS, Synfuel,
The Business Council said carbon capture and storage technology would be critical in meeting Australia's emissions targets beyond 2030.
The Australia Institute released a report on Tuesday that finds Australian governments have spent $1.3 billion on carbon capture and storage initiatives over the past 14 years with no large-scale projects resulting.
(Source: Clean Energy Finance Corporation, news.com.au, 30 May, 2017) Contact: Clean Energy Finance Corporation, email@example.com,
More Low-Carbon Energy News Clean Energy Finance Corporation, CCS, Carbon Capture,
Bodangora wind farm will be built by a consortium comprising General Electric (GE) and civil-engineering construction company Civil & Allied Technical Construction (CATCON) under an engineering, procurement and construction (EPC) contract. Infigen will provide the equity funding and will operate the wind farm once completed.
(Source: Infigen Energy, 31 Mar., 2017) Contact: Infigen, Richie Farrell,
GM, Strategy & Corporate Affairs, +61 2 8031 9900
Rosalie Duff , Investor Relations, +61 2 8031 9901, firstname.lastname@example.org, www.infigenenergy.com
More Low-Carbon Energy News Infigen Energy, Wind,
Upon completion of the first phase in Q1 of 2018, the solar power plant is expected to generate 145.9 GWh per year of electricity, which is sufficient for about 26,500 homes.
The company has now finalized funding for all EPC and O&M requirements of the project, which will eventually be expanded to include a 250 MW pumped hydro storage installation.
Genex has begun construction of the first phase of the project and is now seeking financing support for the second phase, according to a statement to the Australian Securities Exchange. (Source: Genex Power, Clean Energy Finance Corp., PV Mag, 14 Feb., 2017) Contact: ARENA, Ian Kay, Acting CEO, 011 +61 2 6243 7773, email@example.com, http://arena.gov.au; Clean Energy Finance Corp., www.cefcexpertreview.gov.au;
Genex Power Lid., www.genexpower.com.au
More Low-Carbon Energy News ARENA, Clean Energy Finance Corp., Solar, Genex Power,