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New climate-related financial disclosure requirements: Key points for clients
New mandatory climate-related financial disclosure obligations for large businesses and financial institutions will be introduced to the Corporations Act from July 2024, following the release of draft legislation on 12 January 2024.
NSW renewable energy planning framework
The NSW Government has announced its Renewable Energy Planning Framework which will form a key part of the development assessment process renewable energy projects and associated infrastructure in NSW.
Foreign investment approvals for renewable energy infrastructure projects
In recent months there has been media coverage of foreign investors experiencing difficulty in securing Foreign Investment Review Board (FIRB) approval to acquire energy infrastructure, in particular local electricity projects.
Mandatory climate reporting effective from 1 January 2025
As foreshadowed in our previous article, new mandatory climate reporting came into effect on 1 January 2025. Despite the Coalition's vow to repeal the new laws if it wins the federal election this year, the new sustainability reporting obligations are currently incumbent on large business and financial institutions.
Pumped hydro making waves in Australia – the role of pumped hydro energy storage in Australia’s energy future
Pumped hydro making waves in Australia – the role of pumped hydro energy storage in Australia’s energy future
Micro but mighty renewable energy opportunities for remote Australia
In the vastness of Australia's landscape, remote communities have traditionally had difficulty maintaining a supply of reliable and sustainable energy. Those communities who are literally 'off the grid' have typically used diesel generators, which can present reliability problems such as mechanical failure stemming from the extreme weather conditions commonly encountered in regional Australia. In recent years, microgrids have become an increasingly popular replacement for generators.
Smart energy - transforming the renewable energy market with artificial intelligence
Artificial Intelligence (AI) and the transition to renewable energy sources are emerging sectors already shifting the landscape for investors, employers, and the public on a global scale. While the pace of these changes will be moderated by geopolitical factors, a clear link is emerging between the technologies. AI requires massive amounts of energy to power the data centres that 'think' for their large language models, the levels of which are expected to quadruple by 2030.
NSW energy in for a wind change: Thunderbolt wind farm in New England REZ wins approval
On 8 May 2024 the Independent Planning Commission granted development consent for the 192MW, $373 million Thunderbolt Wind Farm in the New England Renewable Energy Zone, subject to conditions.