Australia

Underreported methane emissions from Australian mines could increase steelmakers’ carbon footprint by up to 15%, according to new analysis highlighting major gaps in global supply chains.
A prudent limit of 1,460 GtCO2 for geologic storage reshapes the split between industrial abatement and net removals, with oil-scale injection needs and an onshore/offshore distribution that will define logistics, costs and liabilities.

ACEN Australia’s 900 MW wind project secures federal approval

With an AUD$3 billion investment, ACEN launches one of Tasmania’s largest private projects, aiming for commissioning in 2030 and annual supply for 500,000 households.
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Green Wind Renewables is developing a 450 MW wind farm in the Wheatbelt region of Australia, with up to 75 turbines and an estimated annual output of 1.5 TWh.
Australian Oilseeds Holdings was granted a deadline extension until 30 September to comply with the Nasdaq’s equity requirements, avoiding immediate delisting from the exchange.

Piedmont Lithium and Sayona complete merger to create Elevra Lithium

Piedmont Lithium has completed its merger with Sayona Mining, giving birth to Elevra Lithium, a new mining group focused on hard-rock lithium with an expanded presence in North America and Australia.
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Hokkaido Gas is adjusting its liquefied natural gas procurement strategy with a multi-year tender and a long-term agreement, leveraging Ishikari’s capacity and price references used in the Asian market. —
Stockholm plans to restart uranium extraction by lifting the 2018 ban, aiming to secure strategic supply chains and support domestic nuclear electricity production.

India diversifies coking coal purchases, Australia retreats

India’s coking coal imports are rising and increasingly split between the United States and Russia, while Australian producers redirect volumes to China; 2025 results confirm a shift in trade flows.
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French group Air Liquide strengthens its presence in Asia with the acquisition of South Korean DIG Airgas, a key player in industrial gases, in a strategic €2.85 billion deal.
Australian distributor OSW secures strategic funding to accelerate U.S. growth and deploy its digital solar project management platform.

Photon Energy Group posts 7.5% growth despite declining EBITDA

Photon Energy Group reports quarterly revenue growth driven by solar technology trading, while profitability falls due to a weaker capacity market.
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Peabody Energy abandons the acquisition of Anglo American’s Australian coal assets, triggering an arbitration process following the failure of a post-incident agreement at the Moranbah North mine.
Ingeteam partners with JinkoSolar and ACLE Services to equip seven sites in Australia, representing a total capacity of 35 MW and 70 MWh of energy storage.

Ampol’s Half-Year Profit Drops 23% but Exceeds Market Expectations

Australian fuel distributor Ampol reports a 23% drop in net profit, impacted by weak refining margins and operational disruptions, while surpassing market forecasts.
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With a new $800 million investment agreement, Tsingshan expands the Manhize steel plant and generates an energy demand of more than 500 MW, forcing Zimbabwe to accelerate its electricity strategy.
Gentari has started construction at the Maryvale site, a solar project combined with a 409 MWh battery storage system, located in Central-West Orana and backed by a long-term public contract.

Acen Australia files federal application for 1,760MWh battery in Queensland

Developer Acen Australia has submitted a battery storage project to the federal government, targeting 440MW/1,760MWh in a region near solar and mining infrastructure in Queensland.
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OX2 has obtained Australian environmental approval to build a solar and storage project in Muswellbrook, on a former coal site in New South Wales, marking a milestone in its industrial strategy in the region.
Australian company NRN has closed a $67.2m funding round, combining equity and debt, to develop its distributed energy infrastructure platform and expand its decentralised storage and generation network.
Australia revises downwards its metallurgical coal export forecasts for 2023-24, impacted by partially restored domestic production.
The Houthis have warned Saudi Arabia of a possible target, should it assist the US-led coalition's attack on Yemen.

Engie: Gas and electricity, a two-speed energy transition

Catherine MacGregor, Director of Engie, sheds light on the divergence in decarbonization between gas and electricity.
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At the WindEurope conference in Bilbao, RWE acquires 800 MW of wind turbines from Nordex, strengthening their long-standing partnership.
Russia is facing a drastic 32% drop in oil revenues by 2023, as a direct consequence of the price caps imposed by the G7, the EU and Australia.

COP28: Small Island Nations fight for Climate Survival

At COP28, small island nations, the first victims of climate change, are leading a crucial battle to limit warming to 1.5°C and move away from fossil fuels.
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One year after the introduction of the Russian crude oil price cap, Moscow's circumvention strategies are calling into question the effectiveness of Western sanctions.
CIP has announced plans to build a massive green hydrogen production plant on the Eyre Peninsula in South Australia. Supported by 14 GW of solar and wind power generation capacity, the Evergreen project aims to strengthen Australia's position as a world leader in hydrogen.

Chevron and Exxon seek Australian support for decarbonization projects

Chevron and Exxon Mobil, the U.S. fossil fuel giants, are calling on Australia to support their carbon capture and hydrogen projects. These initiatives aim to reduce carbon emissions in the country, the world's largest exporter of liquefied natural gas.
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The cap on Russian oil prices imposed by the EU, G7 and Australia has met its objectives, according to a US Treasury report. Russian oil exports increased in April 2023 compared to March 2022, but Russia is having difficulty finding buyers for its crude.
Tasmania Hydro is buying Tarraleah Estate to house workers at the hydroelectric plant being restructured. The historic village will be transformed to accommodate the Nation's Battery employees and support development plans to increase energy capacity by 30%.

Bango Farm: a 20 GW wind power project for Squadron Energy

Squadron Energy, broke ground on the Bango Wind Farm, marking the first renewable project since the acquisition of CWP Renewables. The wind farm will produce enough clean energy to power 144,000 homes and will play a crucial role in Australia's transition to sustainable energy.
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RWE Renewables Europe & Australia has won a competitive bid in New South Wales for a long-life energy storage project, reinforcing its position as a global leader in renewable energy.
The Snowy 2.0 hydroelectric project in Australia is experiencing a two-year delay and will cost more due to several factors. This represents a setback for the Australian government's renewable energy targets and highlights the complexity of projects of this scale.

Australia closes its oldest coal-fired power station and opts for renewable energy

Australia has closed its oldest coal-fired power station, located about three hours north of Sydney, as part of a dramatic shift to renewable energy. The Liddell power station supplied about 10% of the electricity consumed in New South Wales, the most populous state in Australia.
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Enel is expected to sell about 50% of its Greek renewable energy subsidiary, Enel Green Power Hellas, to Macquarie by May, as part of its strategy to reduce debt and streamline international operations.
BP acquires Shell's 27% interest in the Browse joint venture, increasing its stake to 44% in Australia's largest untapped gas resource. The Browse project could extend the life of the North West Shelf LNG plant.

J-POWER: Upgrade of the Suezawa power plant

Japanese utility J-POWER is upgrading its Suezawa hydroelectric plant to improve reliability and reduce labor costs. This update includes new components and a new water turbine for more efficient power generation.
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The Australian carbon market is experiencing a significant increase in soil carbon storage projects, also known as carbon farming. These projects aim to increase the amount of carbon stored in the soil using specific land management practices.
Origin Energy, Australia's largest energy retailer, is investing $400 million to build a large battery at the Eraring power station in New South Wales. The decision to develop this battery on a large scale follows the announcement of the early closure of the country's largest coal-fired power plant.