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Showing 11 - 20 of 39 results for "National Electricity Market"

Energy market not fit for investors

ROSE MARY PETRASS  |  MONDAY, 3 FEB 2025  |  NEWS
The National Electricity Market (NEM) is not fit to attract the $122 billion required for the net zero transition, according to the Clean Energy Investor Group (CEIG). Market settings are outdated and built for the coal and gas era, says CEIG chief ...

Quinbrook closes $722m debt financing for batteries

ROSE MARY PETRASS  |  THURSDAY, 23 JAN 2025  |  NEWS
... critical role that large scale storage investments provide in supporting Queensland and the wider National Electricity Market as the energy transition accelerates." Quinbrook Infrastructure Partners focuses purely on investing in transition infrastructure. ...

HMC Capital announces new $50m investment

ELIZA BAVIN  |  WEDNESDAY, 10 JUL 2024  |  NEWS
... utility-scale BESS opportunities which are located proximate to existing grid infrastructure across mainland National Electricity Market states. The transaction is expected to reach financial close in early July 2024 and HMC remains on-track to commence ...

First renewable energy zone to start works

ROSE MARY PETRASS  |  TUESDAY, 2 JUL 2024  |  NEWS
... initiative under the NSW Electricity Infrastructure Roadmap to export electricity to the rest of the National Electricity Market (NEM) network. To gain approval, the state government assigned nearly 100 approval conditions to support rollout. "This is ...

QIC beefs up energy team

ELIZABETH FRY  |  FRIDAY, 21 JUN 2024  |  NEWS
... previously the head of Stanwell, a major provider of electricity and energy solutions to Queensland, the National Electricity Market and large energy users throughout Australia. Before that, he served as the chief financial officer for Tarong Energy. ...

Investors eye energy transition

ROSE MARY PETRASS  |  WEDNESDAY, 5 JUN 2024  |  NEWS
... "These cornerstone wind assets supplemented with Octopus' storage and solar developments across the [National Electricity Market], are designed to be an integrated, multi-technology portfolio that can offer truly unique and differentiated Power Purchase ...

Capacity Investment Scheme expansion to jolt renewable energy

ROSE MARY PETRASS  |  THURSDAY, 23 NOV 2023  |  NEWS
... next four years, inviting competitive tender bids for energy storage. The installed capacity of the National Electricity Market (NEM) is currently 64GW (71GW including the 7GW in the West Australian South West Interconnected System). The CIS replaced ...

A portfolio approach for renewable investment: Energetics

RACHEL ALEMBAKIS  |  THURSDAY, 2 NOV 2023  |  NEWS
... A recent report by the Clean Energy Investor Group (CEIG) found that decarbonising Australia's National Electricity Market (NEM) is possible, but requires $421 billion in investment between now and 2050. The report identifies six areas for action ...

$500bn investment needed to decarbonise NEM

RACHEL ALEMBAKIS  |  TUESDAY, 18 APR 2023  |  NEWS
It is possible to decarbonise Australia's National Electricity Market (NEM) in line with the ambition of limiting global warming to 1.5°C, but it carries a price tag of nearly half a trillion dollars of investment between now and 2050. The Clean ...

Brookfield consortium to buy Origin Energy for $18.7bn

RACHEL ALEMBAKIS  |  TUESDAY, 28 MAR 2023  |  NEWS
... capacity identified by the Australian Energy Market Operator that is required to be developed across the National Electricity Market ("NEM") through to 2030. MidOcean is an LNG company formed and managed by EIG. The acquisition of Origin's gas assets ...