Capital
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Utility-scale renewable investment in 2026 will reach $5.1 billion, BloombergNEF predicted, with wind projects accounting for 95% of the total. Despite record government investment, and around $7 billion invested in utility-scale solar and wind in 2025, BNEF is not expecting investment to return to the peaks seen in 2018 or 2022. Getting projects to financial close remains challenging, the group said, with the CIS expected to be the key driver for new renewable energy capacity in the next five years. Offshore wind is expected to remain challenged — BNEF forecasts an estimated 18.5GW of capacity will be withdrawn in the year ahead.
On the data centre front, BNEF predicted 300MW worth of new capacity will begin construction in Australia in 2026, significantly below the estimated 10GW of proposed data centre capacity that exists around the country.
The Clean Energy Finance Corporation has invested $70 million in the Queensland Investment Corporation’s Fund 2, which is focused on reducing emissions in the energy and transport sectors. QIC is understood to be targeting a $US2 billion ($3 billion) final close by March. (AFR)
 Projects
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Gas transmission provider ATCO Australia plans to decommission its gas network in the West Australian town of Albany over three years, starting this year. The company said the cost of replacing the ageing infrastructure would be too much and would ultimately fall on consumers. (Albany Advertiser)
Construction of a 66MW solar PV and 200MW BESS facility has been proposed for Collie, WA. The Palmer Renewable Energy project will join several other BESS projects in the area.
Regulation
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The number of gas customers in NSW, Queensland, South Australia and the ACT fell for two quarters in a row for the first time since detailed data from the Australian Energy Regulator became available in 2019. There are still more than four million residential gas customers on the east coast. State initiatives are moving slowly to encourage electrification, with Victoria last year walking back a ban on new gas appliances and instead phasing out gas hot water systems in new homes from 2027. (AFR)
Energy systems
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CS Energy blamed an internal IT network overload caused by human error for the unplanned outage at its Callide C Power Station. One of the units returned to service on Monday, with the other expected to be back online today. The company said it had taken corrective actions to prevent a recurrence.
Technology
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Hyundai has announced plans for a pilot-scale direct reduced iron plant at its Dangjin Steelworks in South Korea. DRI is a cleaner method of making iron that relies on gas or hydrogen, not coal, to turn ore into iron. (Canary)
The world’s largest battery-electric ship has commenced trials on the River Derwent in Hobart with Australian shipbuilder Incat Tasmania putting the 130-metre vessel through its paces. The vessel is powered by more than 5,000 batteries with 40MWh of installed capacity. (PV Magazine)
Research
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The total lifecycle cost of maintaining a wind turbine could be reduced by 15% by proactive detection and repair of damage to the blades, according to a review from Chinese and Singaporean researchers. The researchers combined strain measurement, vibration analysis, and acoustic monitoring, complemented by Supervisory Control and Data Acquisition (SCADA) data analysis. By actively monitoring for changes, the combination of detection methods should, in theory, be able to flag erosion of the leading edge that leads to production losses over time.
Workforce
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Iberdrola Australia received Top Employer Certification by the Top Employers Institute for the second year in a row — the only global energy company to do so.