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Australia fast tracks critical transmission projects with $5.3bn package

Smart Energy International

Commonwealth and New South Wales (NSW) have announced an extensive investment package of AU$7.8 billion funding deal will support the projected AU$32 billion ($22 billion) in private investment for regional energy infrastructure by 2030. billion ($5.3 billion) into Australia’s critical transmission infrastructure projects.

Packaging 119
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Australian government dedicates AU$3bn to grid upgrades

Smart Energy International

The funding will be made available through concessional loans and equity investments to Western Australia (WA) through the Clean Energy Finance Corporation (CEFC) to new builds and major upgrades to transmission in the state’s major electricity grids. million residential and business customers in Perth and across the South West.

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Shell Energy to connect 1GWh BESS to Australia’s grid

Smart Energy International

Shell Energy will be responsible for the grid connection process and, subject to a final investment decision, is planning to build, own and operate the battery on 20 hectares of land to be leased from Greenspot. The greater Lithgow region has contributed to powering NSW for nearly 70 years,” said Greenspot CEO Brett Hawkins.

Energy 59
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Australian network reforms prioritise consumer energy assets

Smart Energy International

In a release, AEMC chair Anna Collyer said investing in these resources empowers consumers to generate, consume, store and trade energy according to their preferences. “By As part of a broad set of reforms, the AEMC announced a priority for customers to make better use of these CERs and contribute to grid stability.

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Keeping 1.5C alive: Is COP26 on track to deliver on its goals?

Business Green

of warming, while this week's report from the Principles for Responsible Investment (PRI) group suggests now 'inevitable' policies could keep temperature increases below 2C. But analysts fear he is running out of time to deliver on his promises and may land in Glasgow with an underpowered domestic package. Climate finance.