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Australasia

16 September 2010

Waitaki River hydro project hits setback

New Zealand’s largest electricity generator Meridian Energy is seeking stakeholder and landowner approval on the redesign of its proposed North Bank Hydro Project on the country’s Waitaki River, after investigations revealed its original design was not feasible.

15 September 2010

Hydro brings baseload renewable power to Papua New Guinea and Queensland

The governments of Papua New Guinea and Queensland were due to sign an agreement with PNG Energy Developments and Origin Energy today to support the proposed development of a joint venture hydroelectricity project that is expected to bring a number of opportunities to both regions.

13 September 2010

Australian energy association calls for national feed-in tariff for renewables

The Western Australian Sustainable Energy Association (WA SEA) has called for Australia’s new coalition government, led by Labour’s Julia Gillard, to develop a nationally consistent renewable energy feed-in tariff (FIT) and roll-out energy efficiency measures, working alongside the Council of Australian Governments (COAG).

2 September 2010

Algae Tec to go public by October

Australian algae biofuel company Algae Tec said it is undertaking an initial public offering (IPO) that is expected to close on 16 September and will lead to it listing on Australian Securities Exchange (ASX) by the end of the month.

1 September 2010

Labor Party signs pact with Australian Greens

A landmark pact between the Australian Greens and Labor Party will see the two parties work together if the country’s hung parliament swings in Labor’s favour.

24 August 2010

Meridian Energy improves operating profit by more than a fifth

New Zealand state-owned renewable energy generator Meridian Energy secured a net profit of $184m for the year ended June 2010, with an operating profit that grew 22 per cent above last year’s figures.

23 August 2010

Applied Ventures buys stake in solar inspection system provider BT Imaging

Applied Materials’ early-stage technology backer Applied Ventures has taken an equity stake in Australian supplier of inspection and quality control systems for the photovoltaic manufacturing industry BT Imaging.

23 August 2010

Australian Greens gain support in general election

The political tide has turned towards the Australian Greens in the weekend’s general election with the country’s Prime Minister, Labor Party leader Julia Gillard, now pushing to form a minority-led government.

23 August 2010

Wind turbine services market to grow to more than $150m in Australia and New Zealand

The wind turbine services market in Australia and New Zealand is expected to reach $152.9m in 2016, with new installations enhancing the prospects for original equipment manufacturers.

20 August 2010

Horizon Power opens Australia’s first hybrid solar diesel power plant

Horizon power has completed and opened Australia’s first hybrid solar diesel power station, showcasing the potential for decentralised renewable energy with intermittency managed by a residual fossil based power source.

19 August 2010

Queensland passes legislation to promote geothermal competition

The Parliament of Australia’s Queensland has passed legislation geared towards promoting competition amongst geothermal companies in the region, in addition to making a raft of investments to advance the industry.

13 August 2010

CNPV Solar and MPower form strategic alliance to target Australia Pacific region

Solar product manufacturer CNPV Solar Power has entered into a strategic partnership agreement with Australian renewable energy product supplier MPower to market its solar modules in the Australia Pacific region.

12 August 2010

AGL Energy expects to spend $9bn on renewable energy by 2020 following $900m investment

As it enters a binding commitment alongside Meridian Energy to construct what is slated to be Australia’s largest wind farm at an enormous total capital cost of AUS$1bn ($900m), AGL Energy revealed that it expects to spend up to $9bn on renewable energy generation over the next ten years.

12 August 2010

Vestas lands order for Australia’s largest wind project

Australia’s largest wind power project will be one of the first wind farms to use the new 3MW V112 wind turbines by manufacturing giant Vestas, through a contract with its key customers and the project’s developers AGL Energy and Meridian.

11 August 2010

Novo Energies secures exclusive rights for waste-to-energy conversion technology

Waste-to-energy company Novo Energies has entered into an agreement with Precision Pipe and Vessel to acquire the exclusive worldwide rights to a hybrid gasification technology that converts plastic and tyre waste into energy products.

11 August 2010

New Zealand company Miraka contracts GEA Process Engineering for $25m geothermal-powered milk plant

Global company GEA Process Engineering is set to construct a geothermal-powered milk processing plant that uses energy from a nearby geothermal resource for Miraka on a greenfield site in New Zealand, under a new NZD35m ($25m) contract.

9 August 2010

Australia’s Greens propose $4.5bn loan guarantee programme based on US model

Australia’s Green party has pledged to provide AUS$5bn ($4.59bn) in loan guarantees for large-scale renewable energy developments, if the party comes into power this year.

9 August 2010

Impax Asset Management awarded AUS$50m mandate by Australia’s local government superannuation fund

Environmental investment company Impax Asset Management Group has been awarded a mandate worth AUS$50m ($46m) from Australia’s Local Government Super, a local government superannuation fund.

6 August 2010

Pavilion Energy Resources proposes government build-out of large-scale Accelerated Wind Power

Pavilion Energy Resources (PVRE) is moving aggressively to expand its operations, canvassing partnerships worldwide with governments interested in developing cheaper renewable energy technology through a joint venture.

3 August 2010

Western Australia’s largest wind venture breaks ground in Merredin

Western Australia’s largest wind project has broken ground in Wheatbelt, 25km southeast of Merredin in Western Australia, with Ministerial backing.

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