Australia

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.

The global next-generation solar cell market will reach $12.95 billion by 2031

The next-generation solar cell market will grow by 15.73% annually by 2031, driven by diversified uses in residential, industrial, and aerospace sectors.
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The suspension of Jianxiawo mine after its mining permit expired removes 65,000 tonnes of annual production from the saturated global market.
BP and Fortescue withdrawals reveal gap between promises and economic reality in the sector, despite 22.7 billion Australian dollars in government incentives.

Santos Extends ADNOC Exclusivity Despite Major Regulatory Hurdles

The Australian gas giant extends due diligence period until August 22 for the Emirati consortium's $18.7 billion offer, while national energy security concerns persist.
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Uniper reaffirms its targets for the year, narrows its forecast range, and strengthens its transformation strategy while launching cost-cutting measures in a demanding market environment.
Energy Vault secures an exclusive $300 mn commitment to support the creation of Asset Vault, a subsidiary dedicated to building and operating 1.5 GW of energy storage projects across several continents.

Energy Vault finalises acquisition of 125 MW Stoney Creek storage site in Australia

Energy Vault confirms the acquisition of the Stoney Creek storage project, marking its first major operation in the Australian market, following approval from local authorities on foreign investments.
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Endua, an Australian technology company, has received $4.88mn in public funding to strengthen its capacity to produce modular hydrogen electrolysers, supporting the expansion of local supply chains and industrial development within the hydrogen sector.
BrightNight’s Asian subsidiary becomes Yanara and positions itself as an independent player to strengthen the development of large-scale renewable energy solutions in the Asia-Pacific region.

Australia: Marinus Link receives federal approval for a 1,500 MW submarine cable

The 1,500 MW Marinus Link project has received federal environmental approval, launching a major new submarine interconnector between Tasmania and Victoria.
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Pacific Green has signed a commitment agreement with ZEN Energy for the management of 1.5GWh of battery storage across three major sites in Australia, strengthening its portfolio and accelerating the market launch of its projects.
The rapid commissioning of bp’s Argos Southwest extension in the Gulf of America strengthens maintenance capabilities and optimises offshore oil production performance.
An independent study suggests that the Hail Creek mine may emit up to eight times more methane than reported in Glencore's official disclosures.
Trafigura terminates its green hydrogen project in Port Pirie, South Australia, following a feasibility study, highlighting current industry challenges, including high costs and limited immediate commercial interest.

Acciona Energía secures €263 million financing for its solar farm in Australia

Acciona Energía has closed a €263 million syndicated loan for the construction of the Aldoga solar farm in Australia, supported by Cesce's green investment policy.
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Energy Vault has completed the acquisition of the Stoney Creek energy storage system, a project supported by a long-term contract, further strengthening its position in the energy storage sector in Australia.
With several mining projects recently funded, Brazil is strengthening its national strategy to exploit its rare earth reserves, amid sharply declining global prices and geopolitical tensions in this strategic market.

Nuclear enters Australian elections amid rising dependency on natural gas supplies

Nuclear energy emerges as a key election issue in Australia, as accelerating gas dependency intensifies amid coal plant closures, raising critical concerns about grid stability and energy pricing ahead of the 2025 federal elections.
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Australia will accumulate over one million tonnes of obsolete solar panels by 2035, driven by widespread photovoltaic adoption, creating significant industrial challenges related to waste management within the sector.
Renewable energy producer Neoen confirms its financial goals for 2025, despite a significant drop in net profit in 2024, mainly due to the high cost of its debt.

Australia: Novocastrian Wind granted licence for 2 GW offshore wind project

The Australian government has granted Novocastrian Wind a feasibility licence for a 2 GW offshore wind farm in the Hunter region of New South Wales, marking a key milestone in the country's renewable energy development.
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A study by FenEx CRC confirms the feasibility of transporting CO2 at low pressure and temperature, a breakthrough that could accelerate the commercial viability of carbon sequestration in Australia.
Mainstream Renewable Power has announced the appointment of Morten Henriksen as CEO, effective from April 1, 2025, as part of its strategy to focus on cost reduction and expansion into three key markets.

Veolia reports a 17.1% increase in net profit in 2024

Veolia announced a 17.1% increase in net profit for 2024, reaching €1.098bn. This performance is driven by its GreenUp strategic plan, despite a decline in revenue linked to falling energy prices and divestments.
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Acen Australia has started construction of a 200 MW/400 MWh battery energy storage system (BESS) co-located at the 720 MW New England site in New South Wales, Australia, aimed at enhancing grid stability.
Lightsource bp has signed 10 power purchase agreements in 2024, representing 1.3 gigawatts of capacity, spanning Europe, the Americas, and the Asia-Pacific region.

ExxonMobil invests $200 million in Kipper 1B gas project in Australia

ExxonMobil, through its subsidiary Esso Australia Resources Pty Ltd, announces a $200 million investment in the Kipper 1B gas project, in partnership with Mitsui E&P Australia and Woodside Energy, to boost gas supply for the Australian market.
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Akaysha Energy has signed a long-term purchase agreement with Gunvor Group for a 205 MW/410 MWh battery energy storage system (BESS) in Brendale, Queensland. This partnership aims to ensure revenue stability and optimise project operations.
Pacific Green Technologies has finalised the sale of its Limestone Coast North energy storage project to Intera Renewables for A$460mn (US$293mn). The agreement stipulates that Pacific Green will oversee construction before Intera assumes asset management.

French Court Dismisses Lawsuit Against TotalEnergies Over Climate Crisis

The lawsuit filed by three NGOs and eight plaintiffs accusing TotalEnergies of involuntary manslaughter and harm to biodiversity has been dismissed by the French judiciary, citing insufficient evidence of infractions.
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Australian mining giant BHP saw its net profit multiply fivefold, reaching $4.4 billion, despite an 8% drop in revenue. Sustained demand and signs of recovery in China strengthen its outlook.
Woodside Energy has reassessed the reserves of the offshore Sangomar oil field in Senegal, adding 16.2 million barrels of oil equivalent to the proven reserves. This update supports production stability and strengthens the supply to the national refinery.
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