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Sydney goes 100% green through PPA with energy retailer - The City of Sydney has signed a power purchase agreement with retailer Flow Power that will see it become 100% powered by renewable electricity, sourced from wind and solar farms in the state of New South Wales. The Australian city said the contract is valued...Minerals Council of Australia publishes carbon emissions reduction road plan - Australia’s peak mining lobby group – The Minerals Council of Australia – has released a road map to cut carbon emissions at mine sites, in the face of growing criticism from climate action groups. The three-page climate change policy details a ‘collective commitment’ to the...Australian renewables firm Infigen Energy agrees A$828 million sale to Iberdrola - Spain’s Iberdrola has had an A$828 million bid for Australian wind and solar firm Infigen Energy accepted, as it looks to further grow its market share in Australia’s renewable energy sector. The Bilbao-based utility is already building a 320MW renewable energy project in South Australia,...H2X to build hydrogen vehicles in New South Wales - Hydrogen vehicles are set to be manufactured in New South Wales by Australian company H2X from as early as next year, according to CEO Brendan Norman. H2X is aiming to produce 20,000 hybrid vehicles from a plant at Port Kembla by 2025, in a move...Chinese investment in Australia tumbles by 58% - Investment inflows from China into Australia collapsed by 58% in 2019, revealing a shift in focus towards developing nations that have signed up for Beijing’s Belt and Road Initiative. Despite record trade between the two nations, Chinese investment in Australia fell from A$8.2 billion in...Rio Tinto apologises for destroying ancient indigenous site in Western Australia - Rio Tinto has apologised to the traditional owners of a 46,000-year old sacred indigenous site that was blown up with dynamite during work to expand its iron ore operation in Australia’s Pilbara region. The Anglo-Australian mining giant destroyed two ancient caves last week in Juukan...Mall giant Vicinity Centres cancels dividend and sets $1.4 billion raise - Australia’s second largest shopping mall manager Vicinity Centres cancelled its dividend on Monday and said it planned to raise A$1.4 billion as a buffer against the impacts of the COVID-19 pandemic. Vicinity, which operates 70 malls in Australia, said it would ask corporate investors for...Large scale solar growth pushes Australian renewables to 21% in 2019 - Renewable energy accounted for 21% of Australia’s electricity generation in 2019, according to latest figures released by Australian Energy Statistics on Wednesday. Australian renewable energy use grew from 19% in 2018 to 21% last year, largely thanks to surging growth in the large scale solar...Japan’s Asahi to complete acquisition of AB InBev’s Australian business in June - Asahi Group Holdings plans to borrow US$11 billion in order to complete its purchase of AB InBev’s Australian business, after a A$16 billion deal was agreed with the world’s largest brewer in July last year. In a statement on Monday, Japanese brewer Asahi said it...Australia calm in face of Chinese changes to iron ore inspection - Australia’s trade minister has welcomed potential changes to China’s inspection procedures and rules relating to iron ore shipments, a move which has been described as ‘another implicit warning to Australia’ by a Chinese research fellow. China’s customs authorities issued a notice over new supervising rules...

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