Bulletin – Capacity Investment Scheme Tender Opens for Western Australia
On 22 July 2024, Western Australia signed a Renewable Energy Transformation Agreement (RETA) with the Federal Government and opened registration for the first CIS tender in the state. Renewable Energy Transformation Agreement The RETA forms part of the federal government’s energy and emissions reduction agenda, whereby it partners with state and territory governments to achieve […]
Hydrogen on the Horizon: Unpacking Australia’s New Hydrogen Production Tax Incentive
The Australian Government announced the Hydrogen Production Tax Incentive (HPTI) under the 2024-25 Budget as part of the Future Made in Australia package. The Future Made in Australia package aims to build a stronger, diversified and resilient economy,1 securing Australia’s place in the evolving global landscape.2 Underscoring this strategy is the Government’s desire to speed […]
Don’t be a Dodo – ACCC targets Dodo Power & Gas for Electricity Retail Code breaches: What Retailers Need to Know
The Australian Competition and Consumer Commission (ACCC) has brought its first enforcement action for a failure to comply with a standing order price cap, issuing six infringement notices to M2 Energy Pty Ltd, trading as Dodo Power & Gas (Dodo). Dodo has paid a $82,500 penalty for contraventions of the Electricity Retail Code of Conduct […]
Virtual Power Plants: Five things you need to know
As the world shifts towards more sustainable energy solutions, Virtual Power Plants (VPPs) have become a significant innovation in the energy sector representing a new way of managing and optimising energy resources. This article explores five key aspects of VPPs, offering insights into what they are, how they operate, their regulatory landscape in Australia, their […]
The symbiotic relationship between Agriculture and DER
Modern agriculture relies heavily on substantial energy inputs for irrigation, machinery operation, and greenhouse climate control. This demand for energy is likely to increase in future to mitigate against the effects of climate change such as temperature increases, rainfall pattern changes and extreme weather events. In fact, climate change and energy security have been identified […]
Wrap is dead: Navigating Split Contract Models in Renewable Energy Projects
The contractual landscape that governs renewable energy projects is changing, with split contracting models now at the forefront of this transition. But what are these models and how are they being used? In this article we examine the surge in split contracting models, particularly for hybrid solar photovoltaic (PV) and battery energy storage system (BESS) […]
New Energy Experts Insights: Distributed Energy Resources with Myles Carrucan – Green Peak Energy
Distributed energy resources (DER) will play a pivotal role in shaping the trajectory of Australia’s renewable energy transition. In this New Energy Experts Insights, we sit down for an interview with Myles Carrucan to discuss the DER market’s rapid transformation, key trends and challenges shaping the sector, and the increasing importance of ESG objectives. When […]
Key Considerations and Disclosure Challenges in Contested Scrip Takeovers
In M&A transactions, scrip deals are often used by bidders as they allow the target shareholders to retain part or full exposure to the underlying business and can be helpful in bridging the gap in value expectations, while reducing upfront cash paid by the bidder. As part of disclosure to target shareholders, it is customary […]
Bulletin: Consultation closing soon for Hydrogen Production Tax Incentive (HPTI)
The Treasury has released a consultation paper and seeks feedback from stakeholders on the Hydrogen Production Tax Incentive (HPTI) introduced by the Australian Government under the 2024‑25 Budget as part of the Future Made in Australia package. The HPTI will be delivered through Australia’s tax system as a refundable tax offset to eligible producers of […]
New Energy Insights: Bulletin – Future Made in Australia Bill 2024
The long-anticipated Future Made in Australia Bill 2024 was introduced by the Albanese Labor Government on 4 July 2024. The Bill enforces the Government’s commitment to invest $22.7 billion in the Future Made in Australia package, which was announced under the 2024-25 Federal Budget. Further information on the 2024-25 Federal Budget can be found here. […]
Legal Update – Launch of Australia’s Sustainable Finance Roadmap: A Guide to Achieving Net Zero
On 19 June 2024, the Albanese Government released the Sustainable Finance Roadmap (Roadmap), a strategic framework designed to guide Australia towards becoming a renewable energy superpower while ensuring economic prosperity and security. The Roadmap outlines various initiatives and regulatory amendments primarily aimed at improving market transparency and mobilising private capital towards the race to net […]
Hamilton Locke announces 1 July 2024 promotions
Hamilton Locke has made several promotions across our teams with effect from 1 July Promoted to the partnership in our Workplace and Employment team are Melissa Doran and Timothy Zahara. Melissa joined our firm in 2023 as a Special Counsel, moving across with Michael Tooma and team from Clyde & Co. She is a specialist […]
