Australia

Australian distributor OSW secures strategic funding to accelerate U.S. growth and deploy its digital solar project management platform.
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 delivers 35 MW of energy storage through seven projects in Australia

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.
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Australian fuel distributor Ampol reports a 23% drop in net profit, impacted by weak refining margins and operational disruptions, while surpassing market forecasts.
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 launches 243 MW solar and storage hybrid project in New South Wales

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.
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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.
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.

NRN raises $67.2m to accelerate its distributed energy platform in Australia

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.
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The next-generation solar cell market will grow by 15.73% annually by 2031, driven by diversified uses in residential, industrial, and aerospace sectors.
The suspension of Jianxiawo mine after its mining permit expired removes 65,000 tonnes of annual production from the saturated global market.

Australia recalibrates hydrogen ambitions after wave of major project abandonments

BP and Fortescue withdrawals reveal gap between promises and economic reality in the sector, despite 22.7 billion Australian dollars in government incentives.
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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.
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 launches Asset Vault with $300 mn investment to accelerate 1.5 GW energy storage

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.
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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.
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.

Yanara gains independence to accelerate renewable project expansion in Asia-Pacific

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.
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The 1,500 MW Marinus Link project has received federal environmental approval, launching a major new submarine interconnector between Tasmania and Victoria.
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.
Macquarie Group announces a minority investment in D.E. Shaw Renewable Investments to strengthen its presence in the U.S. renewable energy market.
The thermal coal derivatives market rose by 4% in August, supported by volatile prices, mainly in Europe. Volumes reached 32.3 million metric tons, according to data from the London Energy Brokers Association (LEBA).

US invests $3 billion in 25 battery production projects

The U.S. Department of Energy is funding 25 projects to boost domestic battery production, reducing strategic dependence on China.
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The price of Australian Carbon Credit Units is set to jump by 56% between now and 2025, according to ANZ forecasts. Prices in New Zealand and China remain stable, in the face of less restrictive policies.
Iberdrola inaugurates its 496 MW offshore wind farm at Saint-Brieuc, boosting Brittany's energy capacity and contributing to the expansion of offshore wind power in France.

Energy information systems: An asset for governments, says IEA

Energy information systems are a strategic lever for governments to monitor their energy transition and decarbonization objectives, but their implementation remains uneven.
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BlackRock's acquisition of a 20% stake in Naturgy, a key energy company in Spain, raises crucial issues about the energy transition and the concentration of foreign ownership in strategic sectors. This dynamic deserves particular attention.
Genex Power and Stanwell Corp. join forces to develop the Bulli Creek solar project, targeting 775 MW of capacity. This 15-year agreement marks a major step forward in Queensland's energy transition, bringing more renewable energy onto the grid.

Supernode in Australia: A revolution in renewable energy storage

The Supernode project in Australia represents a major step forward in energy storage, aimed at optimizing the integration of renewable energies. With a capacity of 750 MW, it illustrates the growing importance of storage solutions in the energy transition.
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The recent auction for the South West Renewable Energy Zone in New South Wales reveals a growing interest in renewable energy. With bids exceeding 15 GW, this initiative marks a significant step towards a sustainable energy transition in Australia.
Indian Oil Corporation has signed a major agreement with ADNOC for 1 million tonnes of LNG per year for 15 years. This commitment strengthens the energy relationship between India and the Emirates, while meeting the growing demand for LNG in India.

Australia prepares to become world leader in renewable hydrogen

Australia's ambition is to become a world leader in renewable hydrogen, aiming to produce 15 million tonnes per year by 2050. This strategy, backed by international partnerships and significant investment, promises to transform the energy sector.
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Neoen signs a power purchase agreement with SmartestEnergy covering 50% of the output from its Culcairn solar project, one of the largest in Australia, to support the growing demand for renewable energy in New South Wales.
East Timor and Australia plan to sign an agreement by November on the development of the Greater Sunrise gas field, a strategic and economic issue for both countries.

Ingeteam wins 133 MW hydrogen project at German refinery

Ingeteam will supply the technology to produce 11,000 tonnes of green hydrogen per year at BP's Lingen refinery, marking a milestone in the sector.
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Despite international reduction commitments, methane emissions are rising at a record pace, posing major risks for global climate and energy policies.
Asian refiners are experiencing their lowest margins since 2020, due to oversupply and falling demand for diesel and gasoline.

Sovcomflot maintains its share of Russian non-G7 oil exports at 80%.

Despite Western sanctions, Sovcomflot retains a significant share of Russia's non-G7 crude oil exports, exceeding 80% in August. New U.S. sanctions increase pressure to reduce Russian revenues.
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The United States is stepping up its pressure on Russia's Arctic LNG 2 project by imposing new sanctions against companies and vessels involved, further complicating Moscow's liquefied gas export capabilities.
According to Rystad Energy, demand for hydrocarbons will remain high. Premium energy basins such as Rub Al Khali and Gulf Deepwater are identified as strategic targets for maintaining production while reducing CO2 emissions.
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